Indian Energy Exchange Ltd IPO Message Board (Page 12)

Alloted 15lots..only 7rs gmp as per eagleeye

Non participation of FPI/FII in IEX IPO

Midway through its initial public offering, India’s largest power trading platform Indian Energy Exchange Ltd. found out that overseas investors couldn’t participate in its share sale. That prompted it to cancel share allocation to a clutch of prominent foreign portfolio investors, according to an exchange filing by the company.
IEX’s decision stemmed from the interpretation that foreign direct investment norms don’t allow FPIs to invest in power exchange IPOs, said the company’s managing director SN Goel. The FDI policy says foreign investors can invest in power exchanges only via secondary market transactions.
Last week, soon after these FPIs were confirmed as ‘anchor’ investors, custodians such as Citigroup, Deutsche Bank, HSBC and Standard Chartered raised the issue—that an IPO is technically a primary market transaction and FPIs couldn’t participate in this one.
IEX though considered its IPO to be a secondary share sale since only existing investors were selling stake.
Custodians were not able to confirm this interpretation with the Securities and Exchange Board of India, a custodian at a multinational bank aware of the issue said.
As a result of the differing interpretations, on Tuesday late evening the company decided to cancel the allocation of shares to foreign investors. The IPO closed with a subscription of more than two times. “Since we didn’t have time, we decided to remove FPIs from the IPO and open it up to other domestic institutions,” Goel said

The information are of great help. Lets see what happens next.

The information are of great help. Lets see what happens next.

Indian Energy Exchange IPO
GMP 5 – 7

Please update latest GMP .

Hi @EagleEye madam,
Can you tell us what is grey market for this counter

''m very happy 1./1
my expectations of listing around 1800/ 1900

Excellent Expectations.
:D :D
Come to Reality as well.
lol

@mahesh gajjar. amen! and if this happens, karvy camp would have their worst ever diwali.
in that case i suggest the allottees donate 5% of their first IEX dividends to karvy. add insult to the injury. let''s call it the souvenir of triumph of good over the evil.

EagleEye, your grey market premiums are so accurate that Godrej Agro listed at the same price. Please give GMPs for IEX and GIC also.

In view of confusion in allotment of Anchor investors ,
I have withdraw my IEX biding ,
IPO RATE SHOULD COME DOWN is what investors are demanding
for a small gain i donot want to spoil my Diwali MOOD
I hope we can buy it after listing , since it is good debit free company ,

Chem cho
What happen to your recommendation:

Chem cho Oct 10, 2017 12:27:13 PM IST I Like It. 8 | Report Abuse
IPO Guru IPO Guru (1400+ Posts, 600+ Likes)

DEBIT FREE COMPANY

IPO PRICED WHEN NSE INDEX WAS 9850
SO IF THE INDEX RANGE IN NSE 10000 AT TIME OF LISTING THEN SURE PREMIUM LISTING

APPLY AND HOLD WITH OUT FEAR TILL THE INDEX DOES NOT GO BELOW 9750
DEBIT FREE COMPANY

Whats GMP? Any idea?

after several returns now i have been allotted nine shares

I am lucky except MAS

2/3 IEX
0/3 MAS
3/3 Godrej Agro
3/3 ICICI Lombard
3/3 SBIlife
2/3 Capacite
1/2 CDSL

I apply 2 to 4 lots only per application, apply all applications in sequence 5-6 mins gap.

I did not apply AU, Dixen, Apex etc

can not believe, give your pan no for re-checking

No wonder except last 2 .

@Gamble, @ IPOchem, @SOQ, @AKH, @Stockt

Any chances of Listing gains?

GOT 1/1 IN Godrej Agrovert
1/1 mas finance
1/1 indian energy exchange

Madam, apka demat account belongs to which company?

Gogerj 0/1
MAS 0/1
IEX 1/1

i got an email from ICICI direct reg. listing date is 19/10/17 for Indian Energy IPO. please let me know listing time if anybody know.

19th is market holiday (only mahurat trading), will list on 23rd Oct.

As per RHP it''s 23rd October! Not sure if they messed up listing date too...

even with pan and application number i am getting not found.money also not blocked.
can any body help me
my app2984761panARKPK1464D

Dear paapaarao, Was it an offline application?

7/21

Still pinching myself in case I am dreaming. Finally allotted 9 shares!!! Zero after Zero was becoming a Streak with each passing IPO, hope this one makes Diwali a little happier!!

1/3, let''s see how this IPO goes, one of the most mysterious one.

listing may be in discount around 1600 as delhi company

Got 1 / 2. Any chances of listing gain

kisi ko mas allot hua kya

muje hua ha

6/6 Doubt may be gap down opening...

I got one allotment out of two. Whether there will be premium listing?