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Indian Energy Exchange Ltd IPO (IEX IPO) Details

Indian Energy Exchange Ltd IPO (IEX IPO) Details:

Indian Energy Exchange Ltd operates a power trading platform. The company enables price discovery and price risk management for participants of the electricity market, including industries eligible for open access.

Its products include Day-Ahead-Market, a physical electricity trading market for deliveries for any/some/all 15 minute time blocks in 24 hours of next day starting from midnight; Term-Ahead-Market that provides a range of products allowing participants to buy/sell electricity on intra-day, day-ahead contingency, and daily and weekly contracts; Renewable Energy Certificates to ease the purchase of renewable energy by the state utilities and obligated entities; and Energy Saving Certificates.

The company serves power producers, captive power plants, distribution companies, and government owned power generation companies, as well as industrial, commercial, and institutional power consumers.

Indian Energy Exchange Ltd was incorporated in 2007 and is based in New Delhi, India.

OBJECTS OF THE ISSUE:

The objects of the Offer are to:

  1. Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
  2. To carry out the sale of up to 6,065,009 Equity Shares by the Selling Shareholders.
  3. The listing of the Equity Shares will enhance Company’s brand and provide liquidity to the existing Shareholders.
  4. Company expects that the proposed listing will also provide a public market for the Equity Shares in India.

Kindly Note Company will not receive any proceeds of the Offer.

Indian Energy Exchange Ltd IPO (IEX IPO) Details:

  1. Issue Open: Oct 09, 2017 – Oct 11, 2017
  2. Issue Type: Book Built Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size: 6,065,009 Equity Shares of Rs 10 aggregating up to Rs 1000.73 Cr
  5. Issue Price: Rs 1645 – Rs 1650 Per Equity Share
  6. Market Lot: 9 Equity Shares
  7. Minimum Order Quantity: 9 Equity Shares
  8. Listing At: BSE, NSE

* To Be Updated

BOOK RUNNING LEAD MANAGERS Of Indian Energy Exchange Ltd IPO (IEX IPO):

Axis Capital Limited
1st Floor, Axis House
C-2, Wadia International Centre
P.B. Marg, Worli, Mumbai 400 025
Tel: (91 22) 4325 2183  Fax : (91 22) 4325 3000
E-mail: iex.ipo@axiscap.in
Investor grievance E-mail: complaints@axiscap.in

Kotak Mahindra Capital Company Limited
1st Floor, 27 BKC, Plot No. 27
“G” Block, Bandra Kurla Complex
Bandra (East), Mumbai 400 051
Tel: (91 22) 4336 0000  Fax: (91 22) 6713 2447
E-mail: iex.ipo@kotak.com
Investor grievance E-mail: kmccredressal@kotak.com

IIFL Holdings Limited
10th Floor, IIFL Centre
Kamala City, Senapati Bapat Marg
Lower Parel (West), Mumbai 400 013
Tel: (91 22) 4646 4600  Fax: (91 22) 2493 1073
E-mail: iex.ipo@iiflcap.com
Investor grievance E-mail: ig.ib@iiflcap.com

REGISTRAR TO THE OFFER of Indian Energy Exchange Ltd IPO (IEX IPO):

Karvy Computershare Private Limited
Karvy Selenium Tower B
Plot 31 and 32, Gachibowli
Financial District, Nanakramguda
Hyderabad 500 032
Tel: (91 40) 6716 2222  Fax: (91 40) 2343 1551
Email: einward.ris@karvy.com
Investor Grievance e-mail: iex.ipo@karvy.com

Indian Energy Exchange Ltd IPO (IEX IPO) Draft Red Herring Prospectus (DRHP):

Indian Energy Exchange Ltd (IEX) IPO Prospectus

Red Herring Prospectus (RHP) Of Indian Energy Exchange Ltd IPO (IEX IPO):

Indian Energy Exchange Ltd (IEX) IPO Prospectus

Day Wise Indian Energy Exchange Ltd IPO (IEX IPO) Subscription Figures:

Indian Energy Exchange Ltd (IEX) IPO Subscription Details
CategoryTotal Quota
(No. of Shares offered)
Subscription (No. of times Subscribed)
Day 1Day 2Day 3
Qualified Institutional Buyers (QIBs)12130020.010.01 2.56
Non Institutional Investors (NIIs)9097520.010.06 0.85
Retail21227540.300.842.61
Employees 00.000.00 0.00
Total42455080.15 0.43 2.28

Indian Energy Exchange Ltd IPO (IEX IPO) Allotment and Listing Dates Schedule:

  • 09/Oct/17 – Bid/Offer Opening Date
  • 11/Oct/17 – Bid/Offer Closing Date
  • 17/Oct/17 – Finalisation of Basis of Allotment
  • 17/Oct/17 – Unblocking of Funds from ASBA Account
  • 18/Oct/17 – Credit of Equity Shares to Demat Account
  • 23/Oct/17 – Commencement of Trading on NSE/BSE

* To Be Updated

Indian Energy Exchange Ltd IPO (IEX IPO) Grey Market Premium (GMP):

Current Grey Market Premium (GMP) Of Indian Energy Exchange Ltd (IEX) IPO is not trading as of now.

How To Check Indian Energy Exchange Ltd IPO (IEX IPO) Application Status:

To clear that doubt and to check Indian Energy Exchange Ltd (IEX) IPO application status just use the below links and you can check it as follow:

Check Indian Energy Exchange Ltd (IEX) IPO Application Status at BSE:  BSE Website

Check Indian Energy Exchange Ltd (IEX) IPO Application Status at NSE NSE Website

To Check Indian Energy Exchange Ltd IPO (IEX IPO) Application Status:

  1. Click on Links provided above
  2. Select Indian Energy Exchange Ltd IPO (IEX IPO) from the drop Down Menu.
  3. Provide your PAN Number.
  4. Provide your Application Number.
How To Check Indian Energy Exchange Ltd IPO (IEX IPO) Allotment Status:

To Check Indian Energy Exchange Ltd (IEX) IPO Allotment Status : Click Here

  1. Select Indian Energy Exchange Ltd IPO (IEX IPO) from the first drop Down Menu
  2. Select PAN Card from the second drop Down Menu
  3. Provide your PAN Number.

Market Update:

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SBI Life Insurance Company Ltd IPO bidding going to start from September 20, 2017 – September 22, 2017. While SBI Life Insurance IPO Grey Market Premium (GMP) is trading between Rs 23 – Rs 25 per equity share.

Prataap Snacks Ltd IPO (PSL IPO) is going to be active in market from September 22, 2017 – September 26, 2017. Prataap Snacks Ltd (PSL) IPO Grey Market Premium (GMP) is trading between Rs 210 – Rs 230 per equity share.

Godrej Agrovet Ltd IPO (GAL IPO) bidding going to start from October 04, 2017 – October 06, 2017.

While Godrej Agrovet Ltd (GAL) IPO Grey Market Premium (GMP) is trading between Rs 115 – Rs 125 per equity share.

Now MAS Financial Services Ltd IPO (MFSL IPO) is going to hit market from  October 06, 2017 – October 10, 2017.

While MAS Financial Services Ltd (MFSL) IPO Grey Market Premium (GMP) is trading between Rs 18 – Rs 20 per equity share.

Indian Energy Exchange Ltd IPO (IEX IPO) is also going to be active from October 09,2017 – October 11,2017.

While Indian Energy Exchange Ltd (IEX) IPO Grey Market Premium (GMP) is not trading as of now.

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 insuranceSBI life insurance IPO etc.

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

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  1. IEX is largest exchange for the trading of a range of electricity products in India,in terms of traded contract volumes in Financial yr 2017 according to Central regulatory electricity commission, ( CERC) Its electricity trading platform consist of Electricty contracts in Blocks of 15 minutes in day-ahead -market known as “DAM” and contracts 11 days ahead known as “TAM” Renewable energy certificates known as ” REC”. For fin yr 2016 and 2017 it commands 99.6 and 99.4 market share respectively. Net profit earned almost 50 percent of revenue generated in last 4 fiscals. It has posted CAGR OF 14.5 in last 5 fiscals,thus posting posting PAT margins 50 percent in all these fiscals.This results in to share with P/E 40.It encourages investment in IPO>

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