Indian Energy Exchange Ltd IPO Message Board (Page 40)

Valuation is very high. If you have long term horizon only then apply, and that too you have money.

indian energy exchange ltd ipo analysis

Indian Energy Exchange IPO Registrar
Karvy Computershare Private Limited » Report
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India

there can''t be a bigger reason than the one above to shun the issue. 1000 good things are negated with this one con. conclusion: avoid.

Price too high and zero political tension and RBI policy is not invested in this

Please write in English.

While most investors are trimming their respective shareholding, Tata Power Company will be exiting its investment. Dalmiya Cement Bharat owns 15% and TVS 10% in the market. Other investors of the company, like Aditya Birla Group’s private equity arm, Madison India Capital, and Renuka Ramnath-led Multiples Alternate Asset Management would be paring their holdings.

I believe there is a government mandate that no company can hold more than 5% stake in the exchange that''s why they are selling.

Price too high and zero political tension and RBI policy is not invested in this

if price band below 1000 then good otheriwse ot hv high valuation .

EPS OF Indian En ex ~37
Industry P/E ~18

Which Industry are you comparing to? Page 80 of DRHP says there are no listed peers

It is an exchange only so we can compare it with BSE and MCX. Globally also there are many exchanges which is listed so we can compare it with the also.

Need to play according to Sentiments only in this IPO , how the demand and supply plays out .

primafacie the valuation looks rich but it is not like that... see that dividend payout ratio is very high...it means almost half of annual profit is distributed by way of dividends. There is no significant growth in shareholders funds over the period of last 5 years because of high dividend payout. This investment will not become multi-bagger. This is an safe investment bet for old people or risk averse investors.

My Back of the Envelope calculation suggests a fair value of Rs 1331.10 per share. Now it is upto market that what valuation it gives. Such stocks can trade upto twice of my fair value that is upto Rs 2662.2 per share.

IEX, India’s largest energy exchange, has priced its shares in a range of Rs1,645-1,650 per share. At the upper end of this price band, the initial share sale values the firm at Rs.5,000 crore. It will dilute its stake by 20% in Rs.1000 crores.

In December-2016, Reliance Infra sold it''s 4.122% stake in Rs.103 crores valueing the firm @2500 crores.

It means they asking the bid @ double valuation in 9 months so prices band at higher side. So let''s wait the response from QIB & HNI and other sentiments so wait n watch....

Bid price range 1645 to 1650.
On a such huge premium, does it matter difference of merely Rs.5/-.

No retail discount. They should give some discount atleast.

Offer for sale of upto Rs.1000.726 crores i.e. 60,65,009 shares will be available for bids.
Now category wise breakup:

QIB - 50% i.e. 30,32,504 shares, out of which 60% means 18,19,502 shares for allocation to anchor investors and remaining 12,13,002 share wiil be available for bids by QIB.

HNI/NII - 15% i.e.9,09,751 shares.

RII - 35% i.e. 21,22,753 shares that means only 2,35,861 lots of 9 shares each will be available for retail investors i.e only 2,35,861 applications required for 1X
If approx 8-9.5 lakh applications received than 25-3% chances of allotment in retail category.

Let''s wait for other sentimets and response fro QIB & HNI.

rrpjodhpur

RoNW
2015 - 37.52%
2016 - 37.03%
2017 - 41.3%

NAV as on March 31, 2017 - 94.92

Basic EPS on standalone basis
2015 - Rs. 29.47
2016 - Rs. 34.01
2017 - Rs. 37.78 so PE @43.67

It seems issue price bit expensive

My friend vinod,
all main board ipo''s are expensive (barring very few) ,atleast 2 year forward earnings priced in.

You will find some moderately priced ipo in sme section. It is risky to investment in sme ipo for short term, but if you''re long-term investor then nothing to worry about. Just find the company with good balance sheet, cheap valuation, proven past performance, good management and growt visibility.

Three back to back IPOs and all looking good so we have to try for fund arrangements first.

Lotdd off time i have noted members r saying pl upload the new page for this this ipo
......not chittorgarh knows that ....

I think admin is busy in other works....admin is sleeping partner.....every one knows the price band 1645 to 1650 lot size 9 .....but they have not updated....they r busy in advertising revenue...........

Roughly, 14.5 % growth rate for the top and bottom line

How u had hoped 4 account in Zerodha...?

Indian Energy Exchange Limited
Price Band - Rs 1645 to Rs 1650
Bid Lot – 9 shares

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CAGR 14.40%