IPO

Indian Energy Exchange Ltd IPO

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Offer Date: Oct 9, 2017 - Oct 11, 2017

₹ 14850 /9 Shares

09 Oct, 2017

Open Date

11 Oct, 2017

Close Date

17 Oct, 2017

Allotment Date

23 Oct, 2017

Listing Date
IPO Issue Details
  • Issue Price Rs 1645 - Rs 1650 Per Equity Share 
  • Face Value Rs 10 Per Equity Share 
  • Issue Price 60,65,009 Equity Shares of Rs 10 aggregating up to Rs 1000.73 Cr
  • Listing at BSE, NSE
  • Lead Manager Axis Bank Limited, IIFL Holdings Limited, Kotak Mahindra Capital Company Limited
  • Registrar Karvy Computershare Private Limited
IPO Details
  • Retail Portion N/A
IPO Details


The IPO of is priced at ₹1645 - 1650 per equity share, which has a face value of Rs 10 Per Equity Share  each, IPO bidding starts from Oct 9, 2017 and ends on Oct 11, 2017. The allotment for IPO will be finalized on Oct 17, 2017. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Oct 23, 2017. The company shall list its equity shares on the BSE, NSE. Karvy Computershare Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Axis Bank Limited, IIFL Holdings Limited, Kotak Mahindra Capital Company Limited.


The IPO sets its price band at 1645 - 1650 for each share. A single application for Indian Energy Exchange Ltd IPO must contain at least 9 shares.

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IPO Subscription Analysis And Details
Retail
2.42x
QIB
2.56x
NII
0.85x
Total
2.21x
As on QIB NII Retail Total
Shares Offered / Reserved 12,13,002 9,09,752 21,22,754 42,45,508
Day 1 09-10-17
0.01 x 0.01 0.30 x 0.15 x
Day 2 10-10-17
0.01 x 0.06 0.84 x 0.43 x
Day 3 11-10-17 12:10 PM
2.56 x 0.85 2.42 x 2.21 x
Valuations
Earnings Per Share (EPS) Rs 37.44
P/E Ratio 44.07
RoNW 41.30%
Net Asset Value (NAV) Rs 94.92
IPO - Issue Objectives
1

To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

2

To carry out the sale of up to 60,65,009 Equity Shares by the Selling Shareholders.