Indian Energy Exchange Limited IPO
Indian Energy Exchange (IEX) has received SEBI approval to float IPO and now IPO will open on 9th October 2017.The IPO will see sale of 6,065,009 equity shares by existing shareholders including Tata Power Company Ltd, Aditya Birla Group’s private equity arm , Madison India Capital and Renuka Ramnath-led Multiples Alternate Asset Management Pvt Ltd. Besides, AF Holdings, Kiran Vyapar Ltd, Golden Oak (Mauritius) Ltd and IEX’s former chief executive Jayant Deo would offload shares in the public issue, 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. The shares are proposed to be listed on the BSE and National Stock Exchange (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.
Objects of the Issue:
Listing Date: Oct 23 2017
|Open Date:||Oct 09 2017|
|Close Date:||Oct 11 2017|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||1,000.73 Cr.|
|Lot Size:||9 Shares|
|Issue Price:||₹ 1645-1650 Per Equity Share|
|Listing Date:||Oct 23 2017|
Promoters And Management:
|Particulars||For the year/period ended (in Rs. million)|
|Profit After Tax||1,135.65||1,003.40||900.18||919.45||662.96|