Indian Energy Exchange Ltd IPO

Indian Energy Exchange Ltd

Issue Open

Oct 09, 2017

Price Band

₹ 1645 - ₹ 1650

Issue Size

₹ 1,000.73 Cr

Credit of Shares to Demat

-

Issue Close

Oct 11, 2017

Bid Lot

9

Listing Exchange

BSE, NSE

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue IPO

Minimum Order Quantity

9

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Oct 23, 2017

Refunds

-

About the company:

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

 

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