Indian Energy Exchange IPO GMP, Review, Price, Allotment

The Indian Energy Exchange IPO date has been confirmed to have started on October 9, 2017 and ended on October 11, 2017. Read the post to learn about Indian Energy Exchange IPO GMP.

Indian Energy Exchange wants to raise Rs 1,000.73 crore through an IPO. The pricing range for each share is ₹1645 to ₹1650. The minimum lot size for an application is 9 shares. The minimum amount of investment required by retail investors is ₹14,850.

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Key Details Of Indian Energy Exchange IPO:

Indian Energy Exchange IPO GMP

The Indian Energy Exchange Limited IPO GMP Today is ₹157.75.

Indian Energy Exchange IPO Overview​

The book-built offering for the Indian Energy Exchange IPO is valued at Rs 1,000.73 crore. The offering consists fully of 0.61 crore shares for sale. On 9th of October 2017, the Indian Energy Exchange planned on inviting bids and on 11th of October, 2017, the bidding was finally shut. On October 23, symbolic items of the organization were indexed on the pillars of BSE and NSE. An offer for sale from the Indian Energy Exchange at the prescribed indices and values. 1645 Rs.1650 per share. Nine shares must be the minimum lot size for an application. Retail investors are required to make a minimum investment of $14,850. October 9, 2017, was the start date of the offer, and it ended on October 11, 2017. 

One of the two exchanges in India, IEX, is devoted to energising the electricity markets by offering an electronic marketplace for the trade of power-related goods. With more than 5,800 registrants at its exchange by March 2017, of which over 3,500 active ones, IEX is working towards bridging the divide through its creative language learning approach.

Strengths

• IEX Exchange is an online platform. Highly scalable and proven technology infrastructure.
• IEX is first and largest energy exchange in India with strong brand recognition.
• India is fast growing domestic market
• IEX has diverse participant base ensuring liquidity on its exchange

Indian Energy Exchange IPO Details

IPO Date	October 9, 2017 to October 11, 2017
Listing Date	October 23, 2017
Face Value	₹10 per share
Price Band	₹1645 to ₹1650 per share
Lot Size	9 Shares
Total Issue Size	6,065,009 shares (aggregating up to ₹1,000.73 Cr)
Offer for Sale	6,065,009 shares of ₹10 (aggregating up to ₹[.] Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE

Indian Energy Exchange Company Financials

Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	5,517.14	4,237.55	4,057.37	3,688.67	2,822.16
Total Revenue	2,374.23	2,001.40	1,763.78	1,739.90	1,383.65
Profit After Tax	1,135.65	1,003.40	900.18	919.45	662.96

Indian Energy Exchange IPO Listing Details

Listing Date	October 23, 2017
BSE Script Code	540750
NSE Symbol	IEX
ISIN	INE022Q01012
Final Issue Price	₹1650 per share

Company Profile​

by IEX for trading include:

• DAM (Day-ahead-market) – Electricity contracts in blocks of 15 minutes. The DAM constitutes the majority of the energy contracts that are traded on IEX. IEX has market share of 99.6% in DMA trading.

• TAM (Term-ahead-market) – Electricity contracts for fixed terms in the future, such as intra-day contracts, day ahead contingency contracts and contracts up to 11 days ahead and

• RECs (Renewable energy certificates)

IPO Strengths

• Experienced promoters and a competent management team.
• Well-established relationships with a loyal customer base.
• Access to markets worldwide, enabling global reach.

IPO Weakness

• Heavy reliance on customers based in the United States.
• Need to adhere to multiple laws and regulations in these countries to ensure compliance.
• Competition from other players in the market.

Indian Energy Exchange IPO FAQs