Indian Energy Exchange Limited IPO

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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.

Indian Energy Exchange Limited IPO Stock Quote & Charts

1699.30

+0.15%

  • Open: 1710.40
  • High - Low: 1719.00 - 1679.50
  • Previous Close: 1696.80
  • Total Traded Volume: 9732
  • Updated On: 24-Sep-2018

Objects of the Indian Energy Exchange Limited IPO:

1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges 2. Offer of Sale

Indian Energy Exchange Limited IPO Details:

Open Date: Oct 09 2017
Close Date: Oct 11 2017
Total Shares: 6,065,009
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 At: NSE,BSE
Listing Date: Oct 23 2017

Promoters And Management:

Company was initially promoted by Financial Technologies (India) Limited PTC India Financial Services Limited (PFS)

Financials of Indian Energy Exchange Limited IPO:

Summary of financial Information (Restated)
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

Lead Manager of Indian Energy Exchange Limited IPO:

  1. Axis Capital Limited
  2. IIFL Holdings Limited
  3. Kotak Mahindra Capital Company Limited

Registrar of Indian Energy Exchange Limited IPO:

  1. Karvy Computershare Private Limited

Company Address:

Indian Energy Exchange Ltd Unit No. 3, 4, 5 and 6, Fourth Floor TDI Centre, Plot No. 7, District Centre Jasola, New Delhi 110 025 Phone: +91 11 4300 4000 Fax: +91 11 4300 4015 Email: compliance@iexindia.com Website: www.iexindia.com

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