Issue Price
₹1,650
Per Share
GMP
NIL
Grey Market
Est. Listing
₹1,650
Expected Price
Min. Application
₹29,700
2 lots × 9 shares
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. IEX Exchange is an online trading platform which is accessible to registered participants. It promotes efficient price discovery and the opportunity to trade in a variety of electricity products. In addition to trade execution, IEX also offers settlement services, including electronic trade confirmation, access to clearing services and risk management functionality.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 and3. 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.Strengths1. IEX Exchange is an online platform. Highly scalable and proven technology infrastructure.2. IEX is first and largest energy exchange in India with strong brand recognition.3. India is fast growing domestic market4. IEX has diverse participant base ensuring liquidity on its exchange
Indian Energy Exchange Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 6,065,009 | 100.00% | ₹1,000.73 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 9 | ₹14,850 |
| Retail (Max) | 13 | 117 | ₹193,050 |
| sNII (Min) | 14 | 126 | ₹207,900 |
| bNII (Min) | 68 | 612 | ₹1,009,800 |
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue from Operations | 237.42 | 200.14 | 176.38 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 113.57 | 100.34 | 90.02 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 551.71 | 423.76 | 405.74 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |