Indian Energy Exchange Ltd
Issue Period – 09 OCT – 11 OCT, 2017 Issue Size – 6,065,009 Eq Shares (Rs. 1000.73 cr)
Issue Price – Rs.1645 – Rs.1650 per Eq Share Market Lot – 09 Equity Shares
Face Value – Rs 10 per Eq Share Listing at – BSE, NSE
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. 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.
THE OBJECT OF THE ISSUE
1. To achieve the benefits 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.
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QIB (more than Rs/- 200,000/-) 50% of Net Issue size
Retail (up to Rs/-200,000/-) 35% of Net Issue size
Non-Institutional (more than Rs/-200,000/-) 15% of Net Issue size