Indian Energy Exchange Ltd IPO Message Board (Page 29)

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IEX revises anchor investor allocation for ongoing IPO
By ETMarkets

By the end of Day 2 of bidding process, the initial public offering (IPO) had receive bids for 43 per cent of the issue size.
NEW DELHI: Indian Energy Exchange (IEX) on Wednesday said it has reduced the anchor investor allocation to 7,89,120 shares from 18,19,501, ET Now reported.
The company, whose ongoing Rs 1,001-crore IPO is underway, had earlier said that it would allot Rs 300.22 crore worth of shares to 23 anchor investors at a price of Rs 1,650 per share. The list included ICICI Prudential MF Birla Sunlife MF, Birla Sunlife Trustee Company and SBI Mutal Fund (MF).
By the end of Day 2 of bidding process, the initial public offering (IPO) had receive bids for 43 per cent of the issue size.
"At a price band of Rs1,645-1,650, the issue is valued at 43.5 times FY17 EPS. As IEX enjoys a dominant position in Indian short-term power market electronic platform, it would continue to deliver higher revenue and profit, given the strong growth potential. Though the issue is priced fairly, we recommend subscribe to the Issue from long-term perspective on the back of strong fundamentals," Reliance Securities said in a note.
Analysts believe that the government initiatives like rural electrification, Power for All, UDAY are likely to drive short-term power market volumes, which could result in an expected share of 21.1 per cent by FY22. Given the upper limit of the price range, experts do not see much listing pop, but believe the stock could prove a good mid-to-long term view.

Eglu khovay gyu, nahito perfect prediction karat ketlo bharase enu. Bov khovay jay chhe

English (or Hindi at least), please! :(

For safe bet ##

10-15% upmove pending in Capacit''e infra in short term anytime , so much consolidation btw 332-338 !! anytime it can be fire like Apex or DBL

Now it will be a base for downpoint .

@KSN
Dilip Buildcon

Thank you sir!

Wonder why they have sold at price below issue price just two days prior to ipo date. *Mint report*
**
The initial share sale of power exchange IEX opened on 9 October. As of closing of the second day of the public offering, the IEX IPO was subscribed 43%. The company has priced its shares in the range of Rs1,645-1,650 apiece. The offering closes on 11 October.
According to a corrigendum filed by the company, Aditya Birla PE sold shares worth Rs74.93 crore to SBI Life Insurance Co. Ltd on 6 October, while Multiples PE, on 7 October “entered into letter agreements for transfer” of shares worth Rs28 crore to a clutch of high net-worth individuals.
Aditya Birla PE sold shares at a price of Rs1,582.6, while the Multiples PE has entered the share sale agreements at Rs1,617 per share. The shares will be subject to a one-year lock-in period.
“These equity shares do not form part of the equity shares proposed to be offered by the said selling shareholders as a part of the offer for sale in the offer,” the corrigendum added.
The share sales by Aditya Birla and Multiples correspond to 1.6% and 0.57% stake sales, respectively.
The two private equity investors are also selling shares in the IPO, which is a pure offer for sale, by existing investors of the company.
According to the RHP filed by the company, Aditya Birla is selling shares worth Rs84 crore, while Multiples is selling shares worth Rs450 crore.

Agree, these reports have ruined the sentiment of ipo applicants.

Lock-in perod is One month is for Anchor Investors.

One year is correct for prior transactions.

Indian Energy Exchange (IEX) on Wednesday said it has reduced the anchor investor allocation to 7,89,120 shares from 18,19,501, ET Now reported.

Read more at:
http://economictimes.indiatimes.com/articleshow/61031392.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

all withdraw the application if not ready to take small losses

all withdraw the application if not ready to take small losses

Live subscription no. Check on ALL IPO NEWS APPLICATION

Indian Energy Exchange Ltd
IPO subscription figures as on 11-Oct-17 at 11.40pm(BSE+NSE)

QIB---0.0055
NII---0.0590
RII---1.360


Total---0.56
QIb & NII action not yet started

It is 0.96 times overall in BSE as of now... very poor subscription. It may not go beyond 2 times overall...

its .56 times in total as of now , not.96

Indian Energy Exchange LTD IPO
Latest Subscription Figures as on Last Day (Day 3) @ 12:02 PM
QIB (NSE+BSE) = 0.00+0.0055 = 0.0055X
HNI (NSE+BSE) = 0.01+0.0501 = 0.0601X
RII (NSE+BSE) = 0.41+0.9776 = 1.3876X
Total (NSE+BSE) = 0.17+0.4043 = 0.5743X
No Subscription from QIBs and HNIs due to High Price
Very Very Poor Subscription Figures.

Still bidding not closed...so we can check this fig @ 4pm

Compared with Indian Energy Exchange Limited (58% as of now till 12pm last day) General Insurance Corporation of India Ltd IPO subscribed 75% with in 2 hours of IPO opens day 1.

General Insurance Corporation of India Ltd IPO subscribed 75% with in 2 hours of IPO opens

if qib not fully subscribed what will be happened it will be allotted to whom?

http://economictimes.indiatimes.com/markets/stocks/news/iex-revises-anchor-investor-allocation-for-ongoing-ipo/articleshow/61031392.cms

*Indian Energy Exchange Limited*

FINAL DAY SUBS.FIGURE AT 12:03 pm
QIB 0.01X*
NII 0.06X
RII 1.39X
TOTAL 0.57X
*Excluding Anchor

Total No.of FORMS : 247345
*Apps Wise : 1.05X*

@Deep , its already discussed but for your info. u can apply 7-10% gain on listing day but this gain easily wiped off if market sentiments even if littly negative . So bid with carefully

QIB and NII all are cleaver and clearly watching the pulse of the people to avoid the competition....They will surely subscribe

should I apply IEX for listing gain ?

Real-time Subscription numbers for IEX IPO are available in the links below.

NSE Bids : https://nseindia.com/products/content/equities/ipos/ipo_current_iex.htm?cat=A

BSE Bids : http://www.bseindia.com/markets/publicIssues/BSEDemandSchedule_new.aspx?Scripcode=3518