The Indian Energy Exchange IPO date has been confirmed to have started on October 9, 2017 and ended on October 11, 2017.
Using an IPO, the Indian Energy Exchange is seeking to raise Rs 1,000.73 crore. Its price band is set at ₹1645 to ₹1650 per share. 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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Bidding Dates
October 9-11
Price Range
₹1645 to ₹1650 per share
Face Value
₹10 per share
GMP
₹157.75
Indian Energy Exchange IPO GMP
The Indian Energy Exchange Limited IPO GMP is ₹157.75.
IPO Overview
The Indian Energy Exchange IPO is a book-built offering worth Rs 1,000.73 crore. The offering consists fully of 0.61 crore shares for sale. Bidding for the Indian Energy Exchange IPO began on October 9, 2017 and closed on October 11, 2017. On October 23, 2017, the shares were listed on the BSE and NSE. The pricing range for the Indian Energy Exchange IPO is set at 1645 to 1650 per share. An application requires a minimum lot size of 9 shares. Retail investors must make a minimum investment of $14,850.
IEX is one of two exchanges in India that offer an electronic platform for the trading of electricity products. IEX has over 5800 participants registered on its Exchange of which over 3,500 participants were active as of March 2017.
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

Indian Energy Exchange Ltd (IEX), founded in 2007, is a ‘power exchange’ in India that trades a variety of electricity products. IEX is India’s largest exchange for the trading of electrical products. IEX Exchange is an online trading platform open to registered users. It supports effective price discovery and the ability to trade in a wide range of power goods. In addition to trade execution, IEX provides settlement services such as electronic trade confirmation, access to clearing services, and risk management capability. At high level, the products offered
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)
Registrar Info
Name | Kfin Technologies Limited |
Phone number | 04067162222, 04079611000 |
Email ID | einward.ris@karvy.com |
Website | kosmic.kfintech.com |
Contact Details
Name | Indian Energy Exchange Ltd |
Phone number | +91 11 4300 4000 |
Email ID | compliance@iexindia.com |
Website | iexindia.com |
IPO Strenghts
- 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.