Apply IPO

Lets Talk About Applying IPO's Before investing.

Indian Energy Exchange Files IPO Papers With SEBI

Indian Energy Exchange Files IPO Papers With SEBI:

Indian Energy Exchange (IEX) has filed draft papers with the Securities and Exchange Board of India (SEBI) to float an initial public offering.

The IPO will see sale of 60,65,009 equity shares by existing shareholders, including Tata Power Company, private equity arm of Aditya Birla Group, Madison India Capital and Renuka Ramnath-led Multiples Alternate Asset Management.

Besides, AF Holdings, Kiran Vyapar Ltd, Golden Oak (Mauritius) Ltd and IEX’s former chief executive Jayant Deo, would offload shares, according to the draft red herring prospectus (DRHP).

Established in 2008, IEX is India’s first power exchange providing automated trading platform for electricity (for physical delivery) and renewable energy certificates.

Axis Capital, Kotak Mahindra Capital Company and IIFL Holdings will manage the company’s public issue. The shares are proposed to be listed on the BSE and NSE.

“The listing of the equity shares will enhance our company’s brand and provide liquidity to the existing shareholders. Our company expects that the proposed listing will also provide a public market for the equity shares in India,” IEX said.

Multi Commodity Exchange (MCX) was the country’s first exchange to go public in 2012. BSE got listed in February this year and its rival NSE has already approached SEBI with IPO papers in December 2016.

Market Update:

If You Want to Reduce Your Brokerage By More Than 80% Just Get More Information Here: Save More Than 80% Brokerage.

Housing and Urban Development Corporation Ltd IPO (HUDCO) listing is also successfully completed.

PSP Projects Ltd(PPL) IPO also listed successfully.

Tejas Networks Ltd (TNL) IPO bidding has completed successfully. Now Tejas Networks IPO Allotment and Listing is in process.While Eris Lifesciences Ltd IPO (ELL IPO) bidding also able to close successfully. Now Eris Lifesciences IPO Allotment and Listing is in process. 

Central Depository Services IPO Grey Market Premium (CDSL GMP) is trading between Rs 87 – Rs 89 per equity share. While Tejas Networks Grey Market Premium (GMP) also started trading at Rs 2 – Rs 3 per equity share.

Eris Lifesciences IPO Grey Market Premium (ELL GMP) is also started trading at Rs 8 – Rs 10 per equity share.

Central Depository Services Ltd IPO (CDSL IPO) got subscribed with very high subscription. Now CDSL IPO Allotment and Listing will be in process.

GTPL Hathway Ltd IPO (GTPL IPO) finally also able to subscribe fully. While Au Financiers Ltd (AUFL) IPO is also going to be active from June 28, 2017 – June 30, 2017.

GTPL Hathway IPO Grey Market Premium (GMP) is still not active.

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insurance, SBI life insurance etc.

Keep watching this blog to keep yourself updated with all the news.

If you want all updates delivered to your email box just subscribe for the updates. We also hate spam so we are not going to share your details with anyone. So Just Subscribe and forget the tension of tracking the IPO’s. We will do it for you.

If you like to have a Chance to Win a Smart Phone just Like and share us.

Leave a Reply

Your email address will not be published. Required fields are marked *

Apply IPO © 2017