Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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Indian Energy Exchange Limited (IEX) is India's power trading platform. The company is the premier energy marketplace, providing a nationwide automated trading platform for the physical delivery of electricity, renewables, and certificates.
IEX has 6,800+ participants across 29 States and 5 Union Territories comprising 55+ distribution utilities and 500+ conventional generators. It also has a strong base of 4400+ commercial and industrial consumers representing industries such as metal, food processing, textile, cement, ceramic, chemicals, automobiles, information technology industries, institutional, housing, real estate, and commercial entities.
The Exchange has had ISO Certifications for quality management, Information security management and environmental management since August 2016 and is approved and regulated by the Central Electricity Regulatory Commission and has been operating since 27 June 2008.
IEX offers Electricity Market, Green Market, and Certificates for trading.
| Issue Period | January 11, 2023 - March 15, 2023 |
| Security Name | Indian Energy Exchange Ltd |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹98.00 Crores |
| Buyback Price | ₹200 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 667.26 | 297.4 | 175.72 | 387.95 |
| 31-Mar-21 | 985.16 | 356.23 | 205.43 | 555.8 |
| 31-Mar-22 | 1696.19 | 484.4 | 308.64 | 703.41 |
| Amount in ₹ Crore | ||||
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Dec-2022 | 152.30 | 129.25 | 143.39 |
| Nov-2022 | 151.70 | 137.50 | 144.66 |
| Oct-2022 | 146.95 | 133.95 | 139.78 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Dec-2022 | 152.40 | 129.25 | 143.88 |
| Nov-2022 | 151.80 | 137.50 | 144.91 |
| Oct-2022 | 146.95 | 133.85 | 140.16 |
The Buyback is being undertaken for the following reasons:
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Indian Energy Exchange Ltd
First Floor, Unit No. 1.14(a),
Avanta Business Centre, Southern Park,
D-2, District Centre, Saket, New Delhi – 110017
Phone: 0120 - 4648100
Email: contact@iexindia.com
Website: https://www.iexindia.com/default.aspx
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager(s)
Registered Broker
The Indian Energy Exchange Buyback opens on January 11, 2023, and closes on March 15, 2023.
The Indian Energy Exchange Buyback is a Open Market Through Stock Exchange.
Indian Energy Exchange Buyback Schedule
| Buyback Opening Date | January 11, 2023 |
| Buyback Closing Date | March 15, 2023 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The Indian Energy Exchange Buyback is being offered at Rs ₹200 per share per equity share.
There is no ratio applicable in case of open market offer through stock exchange mechanism.
There is no concept of record date in case of open market through stock exchange mechanism.
The Indian Energy Exchange Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹98.00 Crores with pricing of Rs.₹200 per share.
The Buyback is being undertaken for the following reasons:
Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.
The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.
The Indian Energy Exchange Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
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