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Indian Energy Exchange IPO is a book built issue of Rs 1,000.73 crores. The issue is entirely an offer for sale of 0.61 crore shares.
Indian Energy Exchange IPO bidding started from October 9, 2017 and ended on October 11, 2017. The shares got listed on BSE, NSE on October 23, 2017.
Indian Energy Exchange IPO price band is set at ₹1645 to ₹1650 per share. The minimum lot size for an application is 9 Shares. The minimum amount of investment required by retail investors is ₹14,850.
Axis Bank Limited, Iifl Securities Ltd and Kotak Mahindra Capital Company Limited are the book running lead managers of the Indian Energy Exchange IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Indian Energy Exchange IPO RHP for detailed information.
| IPO Date | October 9, 2017 to October 11, 2017 |
| Listing Date | October 23, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹1645 to ₹1650 per share |
| Lot Size | 9 Shares |
| Total Issue Size | 6,065,009 shares (aggregating up to ₹1,000.73 Cr) |
| Offer for Sale | 6,065,009 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 30,328,624 |
| Share holding post issue | 30,328,624 |
Indian Energy Exchange IPO offers 4,245,508 shares. 1,213,002 (28.57%) to QIB, 909,752 (21.43%) to NII, 2,122,754 (50.00%) to RII. 235,861 RIIs will receive minimum 9 shares and (sNII) and (bNII) will receive minimum 126 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,213,002 (28.57%) | NA |
| NII (HNI) Shares Offered | 909,752 (21.43%) | |
| Retail Shares Offered | 2,122,754 (50.00%) | 235,861 |
| Total Shares Offered | 4,245,508 (100%) |
Investors can bid for a minimum of 9 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 9 | ₹14,850 |
| Retail (Max) | 13 | 117 | ₹193,050 |
| Lot Size Calculator | |||
Incorporated in 2007, Indian Energy Exchange Ltd (IEX) is a 'power exchange' offering trading in a range of electricity products in India. IEX is India's largest exchange in electricity products trading category. IEX Exchange is an online trading platform which is accessible to registered participants. It promotes efficient price discovery and the opportunity to trade in a variety of electricity products. In addition to trade execution, IEX also offers settlement services, including electronic trade confirmation, access to clearing services and risk management functionality.
At high level, the products offered by IEX for trading include:
1. DAM (Day-ahead-market) - Electricity contracts in blocks of 15 minutes. The DAM constitutes the majority of the energy contracts that are traded on IEX. IEX has market share of 99.6% in DMA trading.
2. TAM (Term-ahead-market) - Electricity contracts for fixed terms in the future, such as intra-day contracts, day ahead contingency contracts and contracts up to 11 days ahead and
3. RECs (Renewable energy certificates)
IEX is amoung 2 exchanges in India that offer an electronic platform for the trading of electricity products. IEX has over 5800 participants registered on its Exchange of which over 3,500 participants were active as of March 2017.
Strengths
1. IEX Exchange is an online platform. Highly scalable and proven technology infrastructure.
2. IEX is first and largest energy exchange in India with strong brand recognition.
3. India is fast growing domestic market
4. IEX has diverse participant base ensuring liquidity on its exchange
| 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 | |
The objects of the public issue are:
1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and
2. To carry out the sale of up to 6,065,009 Equity Shares by the Selling Shareholders.
[Dilip Davda] Higher spending for power infra augurs well for this company. IEX will enjoy the first mover advantage and generate more fancy post listings. Investors may consider investment for short to long term. (Subscribe). Read detail review...
The Indian Energy Exchange IPO is subscribed 2.28 times on October 11, 2017 9:20:00 PM. The public issue subscribed 2.61 times in the retail category, 2.56 times in the QIB category, and 0.85 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 2.56 |
| NII | 0.85 |
| Retail | 2.61 |
| Total | 2.28 |
| Listing Date | October 23, 2017 |
| BSE Script Code | 540750 |
| NSE Symbol | IEX |
| ISIN | INE022Q01012 |
| Final Issue Price | ₹1650 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹1,650.00 |
| ₹1,500.00 |
| ₹1,500.00 |
| ₹1,658.00 |
| ₹1,626.45 |
| NSE |
|---|
| ₹1,650.00 |
| ₹1,500.00 |
| ₹1,500.00 |
| ₹1,660.00 |
| ₹1,629.15 |
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
Email: compliance@iexindia.com
Website: https://www.iexindia.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Indian Energy Exchange IPO is a main-board IPO of 6,065,009 equity shares of the face value of ₹10 aggregating up to ₹1,000.73 Crores. The issue is priced at ₹1645 to ₹1650 per share. The minimum order quantity is 9 Shares.
The IPO opens on October 9, 2017, and closes on October 11, 2017.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Indian Energy Exchange IPO opens on October 9, 2017 and closes on October 11, 2017.
Indian Energy Exchange IPO lot size is 9 Shares, and the minimum amount required is ₹14,850.
You can apply in Indian Energy Exchange IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Indian Energy Exchange IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Indian Energy Exchange IPO allotment status.
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