Open Market Through Stock Exchange | ₹98.00 Crores | Listing at BSE, NSE | Wed, Jan 11, 2023 - Wed, Mar 15, 2023
Indian Energy Exchange Ltd Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹200 per share with a face value of ₹1 per share, aggregating to ₹98.00 crores.
The buyback opens on Jan 11, 2023 and closes on Mar 15, 2023.
IIFL Capital Services Ltd. is the Manager to the Buyback and Kfin Technologies Ltd. is the Registrar and IIFL Securities Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Indian Energy Exchange Ltd Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Wed, Jan 11, 2023
Offer Closing Date
Wed, Mar 15, 2023
Buyback Price
₹200 per share
Record Date
[.]
| 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 | ||||
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.
| 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:
Indian Energy Exchange Ltd
First Floor, Unit No. 1.14(a),
Avanta Business Centre, Southern Park,
D-2, District Centre, Saket, New Delhi – 110017
New Delhi, New Delhi, 110017
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.
There is no ratio applicable in case of open market offer 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.
