Indian Energy Exchange Ltd IPO
Introduction: Indian energy exchange is the power exchange which facilitates the trading of numerous electrical products.IEX is the first and the largest energy of India. Similar to NSE & BSE, IEX facilitates settlement, trade confirmation, clearing services and risk management.
Date of Establishment: Company was formed in the year 2007.
Product & Service Offering: Reliance nippon offers
1. DAM (Day-ahead-market);
2. TAM (Term-ahead-market)
3. RECs (Renewable energy certificates)
Customer Segment: IEX has over 5800 participants registered on its Exchange of which over 3,500 participants were active as of March 2017.
Promoters of IEX : Company was initially promoted by Financial Technologies (India) Limited and PTC India Financial Services Limited (PFS). They currently hold no equity shares in the company.
Objects of the Issue:
i) leverage the benefits of getting listed on exchanges
ii) providing easy exit to current investors.
Company Financials:
| 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 | |
Issue Detail
- Issue Open: Oct 09, 2017
- Issue Close: Oct 11, 2017
- Issue Type: Book Built Issue IPO
- Face Value: Rs 10 Per Equity Share
- Price Band: Rs 1645 - Rs 1650 Per Equity Share
- Bid Lot:9 Shares
- Minimum Order Quantity:9 Shares
- Listing At: BSE, NSE
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Issue Size:
Rs 1,000.73 Cr
Current Bidding Status
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Easy & quick