Indian Energy Exchange IPO Allotment Status

Indian Energy IPO Allotment Status

Hey you know Indian energy exchange IPO (IEX) is open. We shared here how to check Indian energy exchange IPO allotment status, price band, how many times IEX subscribe, face value, IEX allotment date, know allotment status of Indian energy exchange IPO, etc.

Indian Energy Exchange IPO Allotment Status

Indian Energy Exchange IPO Schedule

Know every details of Indian energy exchange IPO like face value, price, IEX open date, close date & minimum amount.

Indian energy IPO Start Date: 9th October, 2017

Indian energy IPO End Date: 11th October, 2017

Price Band: Rs.1645 to 1650 per share

IEX Face Value: 10 Rs. Per share

Share Lot: 9 share in 1 lot

Indian energy IPO Allotment Date: 17th October, 2017

Indian energy IPO Refund Date: 18th October, 2017

IEX Listing Date: 23rd October, 2017 (Expected)

Recommended: Know allotment status of MAS IPO

Indian Energy Exchange IPO Subscription

Check all the three days Indian energy exchange subscription by various categories wise.

Category Offered Share DAY 1 DAY 2 DAY 3
NII 9,09,752 0.01 0.05 0.84
Retail 21,22,754 0.29 0.83 2.37
QIB 22,43,383 0.01 0.01 2.55
Total 42,45,508 0.15 0.43 2.18

Indian Energy Exchange IPO Information

RISKS IN RELATION TO THE FIRST OFFER

This being the first public issue of Indian energy exchange Company, there has been no formal market for the Equity Shares. The face value of the Equity Shares is ₹ 10 and the Floor Price is many times of the face value and the Cap Price is also many times of the face value. The Offer Price should not be taken to be indicative of the market price of the Equity Shares after the Equity Shares are listed. No assurance can be given regarding an active or sustained trading in the Equity Shares or regarding the price at which the Equity Shares will be traded after listing.

EXTERNAL RISK FACTORS FOR INDIAN ENERGY EXCHANGE IPO

There is uncertainty on the impact of currency demonetization in India on Company business.

On November 8, 2016, the RBI and the Ministry of Finance, Government of India withdrew the legal tender status of ₹ 500 and ₹ 1,000 currency notes pursuant to a notification dated November 8, 2016. There is uncertainty of the long-term impact of this action. While company had experienced a short term adverse effect on their trading volumes as a result of the demonetization the short and long-term effects of demonetization on the Indian economy and India’s capital markets are uncertain, and company cannot accurately predict its effect on our business, results of operations, financial condition and prospects.

Recent global political and economic conditions have been challenging and continue to affect the Indian market, which may adversely affect company business, financial condition, results of operations and prospects.

The Indian economy and its markets are influenced by economic developments and volatility in markets in other countries. Negative economic developments, such as rising fiscal or trade deficits, or a default on national debt in other emerging markets may also affect investor confidence and cause increased volatility in Indian markets and indirectly affect the Indian economy in general.

Investors may not be able to enforce a judgment of a foreign court against company.

GENERAL RISK FOR INDIAN ENERGY EXCHANGE IPO ALLOTMENT STATUS

Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in the Offer unless they can afford to take the risk of losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in the Offer. For taking an investment decision, investors must rely on their own examination of our Company and the Offer, including the risks involved. The Equity Shares in the Offer have not been recommended or approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of the contents of this Draft Red Herring Prospectus.

Objects of Indian Energy IPO (IEX)

You know why Indian Energy Exchange Company is offered new share in the market. The objects of Indian energy IPO is below:

  • For advantages of equity share in stock market
  • To carry 6,065,009 share in selling shareholders

About Indian Energy Exchange Company

INDIAN ENERGY EXCHANGE LIMITED (IEX) is India’s premier power trading platform. Providing an automated platform for physical delivery of electricity, IEX enables efficient price discovery and offers participants the opportunity to trade in a variety of energy products. Company exchange platform increases the accessibility and transparency of the power market in India and enhances the speed and efficiency of trade execution.

Indian Energy Exchange IPO

Today, more than 5800 participants are registered on their exchange and are located across utilities from 29 States, 5 Union Territories (UTs). Over 4,200 registered participants were eligible to trade electricity contracts and over 3,900 registered participants were eligible to trade RECs, as of March 2017. IEX participants registered to trade electricity contacts include 50 distribution companies, over 400 electricity generators and over 3,800 open access consumers. As of March 2017, in addition to participants who traded electricity contracts, participants registered to trade RECs included over 1,000 renewable energy generators and over 2,900 industry and corporate customers. The benefiting open access consumers belong to various industries such as metal, food processing, textile, cement, ceramic, chemicals, automobiles, information technology industries, institutional, housing and real estate and commercial entities.

In August 2016, IEX received three ISO Certifications – ISO 9001:2008 for quality management, ISO 27001:2013 for source Information security management and ISO 14001:2004 for environment management.

Indian Energy Exchange Financial Performance

Here you can check last some years Indian energy exchange company performance. So you can decide and better idea for investment in IEX IPO.                 (All figure in Rs. crore)

FY 2018 FY 2017 FY 2016 FY 2015
Total Revenue 61.7 237.4 200.1 176.4
Total Expenses 14.8 64.2 53.5 43.9
Profit 30.6 113.6 100.3 90.0

Indian Energy Exchange Address

Registered Office and Corporate Office

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: Vineet Harlalka,

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

Website: http://www.iexindia.com

Corporate Identity Number: U74999DL2007PLC277039

IEX Book Running Lead Managers

There are main three book running lead managers for the Indian energy exchange IPO. All the 3 lead managers details are follow:

  • IIFL Holdings Limited

10th Floor, IIFL Centre

Kamala City, Senapati Bapat Marg

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: Gaurav Singhvi/ Sachin Kapoor

SEBI Registration No.: INM000010940

  • Kotak Mahindra Capital Company Limited

1 st Floor, 27 BKC, Plot No. 27

“G” Block, Bandra Kurla Complex

Bandra (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

  • Axis Capital Limited

1 st 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: Kanika Goyal

SEBI Registration No.: INM000012029

Indian Energy Exchange IPO Registrar

For the Indian energy exchange IPO Karvy is the registrar, there are very few registrar like Linkin time, Karvy, etc.

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

Conclusion of IEX: Indian Energy Exchange IPO Allotment Status

Indian energy exchange is the India’s leading power company. In this article we shared all the detail information about Indian energy exchange IPO allotment status, subscription of IEX, price band, IEX company financial performance, About Indian energy exchange, etc. Also you can check your allotment status of Indian energy IPO at our website tawp.in. So stay with us!

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