Indian Energy Exchange Limited: The company will bring its IPO soon in the share markets which will be traded on both of the Exchanges i.e. Bombay Stock Exchange and National Stock Exchange. An interested client can fetch the information related to IPO like Price Band and Dates, Company Profile, Allotment Status, Listing Dates etc. The firm got “in principal approval” from BSE and NSE for the listing of the equity shares after proposing  a Red Herring Prospectus.The IPO will launch on October 9,2017 with a price band of Rs.1645-Rs.1650 per equity shares. The lot size of applying the IPO is for 9 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application  of amount for retail investors stood at Rs. 2 lacs.

The company has * equity shares of Public issue with a face value Rs. 10 each.The company plans to raise Rs. * through its IPO offering.

Company Profile:- The company was incorporated  on March 26, 2007 at Maharashtra, Mumbai India. It is one of the biggest energy exchange of India. The company is one of two exchange in India which is facilitating an electronic platform for the traders further to trade various electricity products. It also maintains a big market share among the power exchanges in India. IEX helps for better price discovery. The exchange maintains its speed and efficiency of trade execution along with transparency of the power market in India. The exchange facilitates for settlement services, including electronic trade confirmation, access to clearing services and risk management functionality.

 

Electronic trading platform includes below mentioned services:-

  1. Electricity contracts in blocks of 15 minutes in the day-ahead-market (the “DAM”),
  2. Electricity contracts for fixed terms in the future, such as intra-day contracts, day ahead contingency contracts and contracts up to 11 days ahead, known as the term-ahead-market (the “TAM”)
  3. Renewable energy certificates (“RECs”).

Indian energy exchange is likely to start the trading of energy saving certificates (“ESCerts”) on its Exchange upon availability of infrastructure, in the first half of the financial year 2018. Total participants of the exchange stood over 5800 where more than 3500 participants are active for trading.

Positive Outlook of the Firm:-

  1. Expeditious price discovery platform along with flexibility in the exchange;
  2. One of the biggest and first energy exchange in India and famous as a well known brand in the market;
  3. Fast growing domestic market attributed with Government policies and regulations;
  4. Different participant base ensuring liquidity on its Exchange;
  5. Strong technology infrastructure;
  6. Eligible and experienced management team; 

    Objects Of The Issue:-

    1. To get the advantage of listing the Equity Shares on the Stock Exchanges and
    2. To carry out the sale of up to 6,065,009 Equity Shares by the Selling Shareholders. 

    Summary Of Issue:

    Issue Open:- October 9, 2017 To  October 11, 2017
    Issue Type Book Built Issue IPO
    Issue Size (Shares) 6,065,009 Equity Shares of Rs 10 aggregating up to Rs 1,000.73 Cr

    Offer for Sale of 6,065,009 Equity Shares of Rs 10 aggregating up to Rs [.] Cr

    Issue Size in (Value)
    Face Value Rs. 10Per Equity Share
    Issue Price Rs. 1645 – Rs.1650 Per Equity Shares
    Market lots 09 Shares
    Minimum Order Quantity 09 Shares
    Listing At NSE, BSE

    {* Indicates to be updated}

    Important dates for Indian Energy Exchange Limited IPO Allotment Status

    • The Allotment date for Indian Energy Exchange LimitedIPO issue is expected to beOct 17,2017
    • The amount will get unblocked on 18,2017
    • The Shares are expected to credited in DP accounts on18,2017
    • The Shares of Indian Energy Exchange Limitedare likely to be listed 19,2017 on both BSE and NSE.

    Indian Energy Exchange Limited IPO Allotment Status

    Indian Energy Exchange Limited IPO  allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

    one can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

    1. Click on the given link See Allotment Status here
    2. Go to Application Status
    3. Select IPO as Indian Energy Exchange Limited IPO
    4. Enter you PAN Number or Application Id or DP Client Id.

     

    It takes little time to fetch information so you need to be little patient.

     

    Promoters Of the Company:-

    It is professionally managed company. Company does not have an identifiable promoter in terms of the Security and Exchange Board Of India. 

     

    Financials:-

    Particulars For the year/Period ended (Rs. in Million)  
    Financial Year 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
    Total  Equity & Liabilities 5,517.14 4,237.55 4,057.37 3,688.67 2,822.16
    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
    Total Expenses 642.18 535.13 438.72 411.24 385.58
    Profit After Tax (PAT) 1,135.65 1,003.40 900.18 919.45 662.96

     

    Book Running Lead Managers Details:-

    1. Axis CapitalLimited

    1st Floor, Axis House

    C-2, Wadia International Centre

    P.B. Marg, Worli

    Mumbai 400 025

    Tel: (91 22) 4325 2183

    Fax : (91 22) 4325 3000

    E-mail: iex.ipo@axiscap.in

    Investor grievance E-mail:

    complaints@axiscap.in

    Website: www.axiscapital.co.in

    Contact person: KanikaGoyal

    SEBI Registration No.: INM000012029
    2) Kotak Mahindra Capital Company Limited

    1st Floor, 27 BKC, Plot No. 27

    “G” Block, BandraKurla ComplexBandra (East)

    Mumbai 400 051

    Tel: (91 22) 4336 0000

    Fax: (91 22) 6713 2447

    E-mail: iex.ipo@kotak.com

    Investor grievance E-mail:kmccredressal@kotak.com

    Website: www.investmentbank.kotak.com

    Contact Person: Ganesh Rane

    SEBI Registration No.: INM000008704

     

    3)IIFL Holdings Limited

    10th Floor, IIFL Centre

    Kamala City, SenapatiBapatMarg

    Lower Parel (West)

    Mumbai 400 013

    Tel: (91 22) 4646 4600

    Fax: (91 22) 2493 1073

    E-mail: iex.ipo@iiflcap.com

    Investor grievance E-mail: ig.ib@iiflcap.com

    Website: www.iiflcap.com

    Contact Person: GauravSinghvi/ SachinKapoor

    SEBI Registration No.: INM000010940

    Registrar To The Issue:-

    Karvy Computershare Private Limited

    Karvy Selenium Tower B

    Plot 31 and 32, Gachibowli

    Financial District, Nanakramguda

    Hyderabad 500 032

    Tel: (91 40) 6716 2222

    Fax: (91 40) 2343 1551

    Email: einward.ris@karvy.com

    Investor Grievance e-mail: iex.ipo@karvy.com

    Website: www.karisma.karvy.com

    Contact Person: M. Murali Krishna

    SEBI Registration No. INR000000221

     

    Registered Office Details:-

    Unit No. 3, 4, 5 and 6, Fourth Floor, TDI Centre,

    Plot No. 7, District Centre, Jasola,

    New Delhi 110 025

    Tel: (91 11) 4300 4000;

    Fax: (91 11) 4300 4015

    Contact Person: VineetHarlalka,

    Company Secretary and Compliance Officer E-mail: compliance@iexindia.com;

    Website: http://www.iexindia.com

    Corporate Identity Number: U74999DL2007PLC277039


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