Bookbuilding IPO | ₹1,001 Cr | Listed at BSE, NSE | Mon, Oct 9, 2017 - Wed, Oct 11, 2017
Indian Energy Exchange IPO is a book build issue of ₹1,000.73 crores. The issue is entirely an offer for sale of 0.61 crore shares of ₹1,000.73 crore.
Indian Energy Exchange IPO bidding started from Oct 9, 2017 and ended on Oct 11, 2017. The shares got listed on BSE, NSE on Oct 23, 2017.
Indian Energy Exchange IPO price band is set at ₹1,650 per share. The lot size for an application is 9. The minimum amount of investment required by an retail is ₹14,850 (9 shares) (based on upper price). The lot size investment for sNII is 14 lots (126 shares), amounting to ₹2,07,900, and for bNII, it is 68 lots (612 shares), amounting to ₹10,09,800.
Axis Bank Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Indian Energy Exchange IPO RHP for detailed Information.
IPO Open
Mon, Oct 9, 2017
IPO Close
Wed, Oct 11, 2017
Issue Price
₹1650 per share
Market Cap (Pre-IPO)
₹5,004.22 Cr
| IPO Date | 9 to 11 Oct, 2017 |
| Listed on | Mon, Oct 23, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹1645 to ₹1650 |
| Issue Price | ₹1650 per share |
| Lot Size | 9 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 60,65,009 shares (agg. up to ₹1,001 Cr) |
| Offer for Sale | 60,65,009 shares of ₹10 (agg. up to ₹1,001 Cr) |
| Share Holding Pre Issue | 3,03,28,624 shares |
| Share Holding Post Issue | 3,03,28,624 shares |
| BSE Script Code / NSE Symbol | 540750 / IEX |
| ISIN | INE022Q01012 |
Indian Energy Exchange IPO comprises a total issue size of 60,65,009 shares. Out of which, 30,32,503 (50.00%) are allocated to QIB, 9,09,752 (15.00%) allocated to NII 21,22,754 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 30,32,503 | 50.00% | NA |
| − Anchor Investor Shares Offered | 18,19,501 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 12,13,002 | 20.00% | NA |
| NII (HNI) Shares Offered | 9,09,752 | 15.00% | NA |
| Retail Shares Offered | 21,22,754 | 35.00% | 2,35,861 |
| Total Shares Offered | 60,65,009 | 100.00% |
Investors can bid for a minimum of 9 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 9 | ₹14,850 |
| Retail (Max) | 13 | 117 | ₹1,93,050 |
| S-HNI (Min) | 14 | 126 | ₹2,07,900 |
| S-HNI (Max) | 67 | 603 | ₹9,94,950 |
| B-HNI (Min) | 68 | 612 | ₹10,09,800 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Indian Energy Exchange IPO is subscribed 2.28 times on October 11, 2017 9:20:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 2.56 | 12,13,002 | |
| NII | 0.85 | 9,09,752 | |
| Retail | 2.61 | 21,22,754 | |
| Total | 2.28 | 42,45,508 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs, brokerage and selling commission | 21.48 |
| 2 | Selling commission and processing fees for SCSBs | 2.71 |
| 3 | Selling commission and processing/ uploading charges for the Syndicate Members (including Sub-Syndicate members), Registered Brokers, RTAs and CDPs | |
| 4 | Fees payable to Registrar to the Offer | 0.47 |
| 5 | Printing and stationery expenses | 2.95 |
| 6 | Advertising and marketing expenses | 4.85 |
| 7 | Others (Listing fees; SEBI and the Stock Exchanges’ processing fees; Book building fees; Fees payable to legal counsels; Fees payable to Statutory Auditors and independent chartered accountants; and Miscellaneous.) | 11.88 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹1,650.00 | ₹1,650.00 |
| Open | ₹1,500.00 | ₹1,500.00 |
| Low | ₹1,500.00 | ₹1,500.00 |
| High | ₹1,658.00 | ₹1,660.00 |
| Last Trade | ₹1,626.45 | ₹1,629.15 |
Indian Energy Exchange IPO is a main-board IPO of 60,65,009 equity shares of the face value of ₹10 aggregating up to ₹1,001 Crores. The issue is priced at ₹1650 per share. The minimum order quantity is 9.
The IPO opens on Mon, Oct 9, 2017, and closes on Wed, Oct 11, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Indian Energy Exchange IPO using UPI as a payment gateway. Zerodha customers can apply in Indian Energy Exchange IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Indian Energy Exchange IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Indian Energy Exchange IPO opens on Mon, Oct 9, 2017 and closes on Wed, Oct 11, 2017.
Indian Energy Exchange IPO lot size is 9, and the minimum amount required for application is ₹14,850.
You can apply in Indian Energy Exchange IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Indian Energy Exchange IPO listing date is on Mon, Oct 23, 2017.
