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Indian Energy Exchange Ltd IPO

Add to Calendar 2017-10-09 12:00 AM 2017-10-11 12:00 AM Asia/Kolkata Indian Energy Exchange Ltd IPO Indian Energy Exchange Ltd India

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:

Summary of financial Information (Restated)
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
  • Issue Size: • Rs 1,000.73 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 1,213,002 909,752 2,122,754 - - 4,245,508
Day 1 - Oct 09, 2017IST 0.0100 0.0100 0.3000 - - 0.1500
Day 2 - Oct 10, 2017IST 0.0100 0.0600 0.8400 - - 0.4300
Day 3 - Oct 11, 2017IST 2.5566 0.8466 2.6086 - - 2.2824

Listing Day Trading Information

- BSE NSE
Issue Price Rs 1,650.00 Rs 1,650.00
Open Rs 1,500.00 Rs 1,500.00
Low Rs 1,500.00 Rs 1,500.00
High Rs 1,658.00 Rs 1,660.00
Last Trade Rs 1,626.45 Rs 1,629.15
Volume 605,304 3,345,798

Indian Energy Exchange Ltd Red Herring Prospectus

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Frequently Asked Questions

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Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.

Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker
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