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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 ₹1650.00 per share . The lot size for an application is 9. The minimum amount of investment required by an retail is ₹14,805 (9 shares). 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 Date | October 9, 2017 to October 11, 2017 |
| Listing Date | October 23, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹1645 to ₹1650 per share |
| Issue Price Final | ₹1650 per share |
| Lot Size | 9 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 60,65,009 shares (aggregating up to ₹1,000.73 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,03,28,624 shares |
| Share Holding Post Issue | 3,03,28,624 shares |
Indian Energy Exchange IPO offers total 60,65,009 shares. Out of which 30,32,503 (50.00%) allocated to QIB, 12,13,002 (20.00%) allocated to QIB, 9,09,752 (15.00%) allocated to NII, 21,22,754 (35.00%) allocated to RII and 18,19,501 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Indian Energy Exchange IPO opens on October 9, 2017, and closes on October 11, 2017.
| IPO Open Date | Mon, Oct 9, 2017 |
| IPO Close Date | Wed, Oct 11, 2017 |
| Tentative Listing Date | Mon, Oct 23, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 11, 2017 |
Investors can bid for a minimum of 9 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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
| 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 | |
[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...
| Listing Date | October 23, 2017 |
| BSE Script Code | 540750 |
| NSE Symbol | IEX |
| ISIN | INE022Q01012 |
| Final Issue Price | ₹1650 per share |
| BSE Listing Group | B |
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
Delhi, New Delhi
Phone: +91 11 4300 4000
Email: compliance@iexindia.com
Website: https://www.iexindia.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Indian Energy Exchange IPO is a main-board IPO of 60,65,009 equity shares of the face value of ₹10 aggregating up to ₹1,000.73 Crores. The issue is priced at ₹1650 per share. The minimum order quantity is 9.
The IPO opens on October 9, 2017, and closes on October 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 October 9, 2017 and closes on October 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 Monday, October 23, 2017.
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