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Jan 11, 2023 - Jul 10, 2023

Indian Energy Exchange Ltd Buyback (Indian Energy Exchange Buyback) Detail

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.

Indian Energy Exchange Buyback Detail

Issue PeriodJan 11, 2023 - Jul 10, 2023
Security NameIndian Energy Exchange Ltd
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹98.00 Crores
Buyback Price₹200 per share
Face Value₹1 per share
Listing AtBSE, NSE

Company Financials

Indian Energy Exchange Ltd Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-20667.26297.4175.72387.95
31-Mar-21985.16356.23205.43555.8
31-Mar-221696.19484.4308.64703.41
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2022 152.3 129.25 143.39
Nov-2022 151.7 137.5 144.66
Oct-2022 146.95 133.95 139.78

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2022 152.4 129.25 143.88
Nov-2022 151.8 137.5 144.91
Oct-2022 146.95 133.85 140.16

Necessity of the Issue

The Buyback is being undertaken for the following reasons:

  1. The Buyback gives the Company an opportunity to distribute surplus cash to its shareholders.
  2. The buyback may help in improving return on equity and other financial ratios, by a reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
  3. The buyback gives an option to the existing equity shareholders to participate in the Buyback and receive cash in lieu of equity shares.

Indian Energy Exchange Buyback Documents

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Company Contact Information

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

Indian Energy Exchange Buyback Registrar

  1. 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://karisma.kfintech.com/

Indian Energy Exchange Buyback Manager

Lead Manager(s)

  1. IIFL Securities Ltd

Registered Broker

  1. IIFL Securities Limited
    Email:

Find Indian Energy Exchange Buyback Latest Update

Indian Energy Exchange Buyback FAQs

The Indian Energy Exchange Buyback opens on Jan 11, 2023, and closes on Jul 10, 2023.

The Indian Energy Exchange Buyback is a Open Market Through Stock Exchange.

Indian Energy Exchange Buyback Schedule

Buyback Opening DateJan 11, 2023
Buyback Closing DateJul 10, 2023
Last date for acceptance of sharesUpon 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:

  1. The Buyback gives the Company an opportunity to distribute surplus cash to its shareholders.
  2. The buyback may help in improving return on equity and other financial ratios, by a reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
  3. The buyback gives an option to the existing equity shareholders to participate in the Buyback and receive cash in lieu of equity shares.

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.


1 Comments

1. Rajesh   I Like It. |Report Abuse|  Link|Jan 11, 2023 9:45:28 AMReply
How can I participate in this buy back, so that I may sell my shares.

Kindly help.
1.1. WealthyRam   I Like It. |Report Abuse|  Link|Jan 11, 2023 6:28:16 PM
You or retailers cant participate in this type of buyback where you cant tender your shares. Company purchases the shares directly from the market using brokers -whoever selling at current market they may be absorbing it.
1.2. Adityasingh   I Like It. |Report Abuse|  Link|Jan 17, 2023 6:48:13 PM
11 January se 10 July.. Pagal wagal smjha hua hai kya retailers ko ??