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Indian Energy Exchange Ltd IPO (Indian Energy Exchange IPO) Detail

Oct 9, 2017 - Oct 11, 2017

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 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.


Strengths

1. 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 market
4. IEX has diverse participant base ensuring liquidity on its exchange

Company Promoters:

Indian Energy Exchange Ltd is a professionally managed company and does not have an identifiable promoter in terms of SEBI ICDR Regulations and the Companies Act, 2013.

Company was initially promoted by Financial Technologies (India) Limited and PTC India Financial Services Limited (PFS). They currently hold no Equity Shares in the company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 5,517.14 4,237.55 4,057.37 3,688.67 2,822.16
Total Revenue 2,374.23 2,001.40 1,763.78 1,739.90 1,383.65
Profit After Tax 1,135.65 1,003.40 900.18 919.45 662.96

Objects of the Issue:

The objects of the public issue are:

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.

Indian Energy Exchange IPO Details

IPO Opening Date Oct 9, 2017
IPO Closing Date Oct 11, 2017
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹1645 to ₹1650 per equity share
Market Lot 9 Shares
Min Order Quantity 9 Shares
Listing At BSE, NSE
Issue Size6,065,009 Eq Shares of ₹10
(aggregating up to ₹1,000.73 Cr)
Offer for Sale6,065,009 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

Indian Energy Exchange IPO Lot Size

The Indian Energy Exchange IPO market lot size is 9 shares. A retail-individual investor can apply for up to 13 lots (117 shares or ₹193,050).

Application Lots Shares Amount (Cut-off)
Minimum 1 9 ₹14,850
Maximum 13 117 ₹193,050

Indian Energy Exchange IPO Review

Higher spending for power infra augurs well for this company. IEX will enjoy the first mover advantage and generate more fancy post listings. Investors may consider investment for short to long term. (Subscribe). Read detail review...

Indian Energy Exchange IPO Subscription Status (Bidding Detail)

The Indian Energy Exchange IPO is subscribed 2.28 times on 10/11/2017 9:20:00 PM. The public issue subscribed 2.61 times in the retail category, 2.56 times in the QIB category, and 0.85 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB2.56
NII0.85
Retail2.61
Total2.28

Indian Energy Exchange IPO Prospectus

Indian Energy Exchange IPO Rating

1206
4.1
Rating:Rated 4.1 stars
Vote Here ...

Indian Energy Exchange IPO Listing Date

Listing Date Monday, October 23, 2017
BSE Script Code 540750
NSE Symbol IEX
Listing In B Group of Securities
ISIN INE022Q01012
IPO Price ₹1650 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹1,650.00
₹1,500.00
₹1,500.00
₹1,658.00
₹1,626.45
NSE
₹1,650.00
₹1,500.00
₹1,500.00
₹1,660.00
₹1,629.15

Company Contact Information

Indian Energy Exchange Ltd
Unit No. 3, 4, 5 and 6, Fourth Floor,
TDI Centre, Plot No. 7, District Centre,
Jasola, New Delhi 110 025
Phone: +91 11 4300 4000
Email: compliance@iexindia.com
Website: https://www.iexindia.com/

Indian Energy Exchange IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Indian Energy Exchange IPO Reviews / Ratings

Indian Energy Exchange IPO FAQs

Indian Energy Exchange IPO is a main-board IPO of 6,065,009 equity shares of the face value of ₹10 aggregating up to ₹1,000.73 Crores. The issue is priced at ₹1645 to ₹1650 per equity share. The minimum order quantity is 9 Shares.

The IPO opens on Oct 9, 2017, and closes on Oct 11, 2017.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Indian Energy Exchange IPO opens on Oct 9, 2017 and closes on Oct 11, 2017.

Indian Energy Exchange IPO lot size is 9 Shares and the minimum order quantity is 9 Shares.

You can apply in Indian Energy Exchange IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Indian Energy Exchange IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Indian Energy Exchange IPO allotment status.

The Indian Energy Exchange IPO listing date is on Monday, October 23, 2017.

Indian Energy Exchange IPO Message Board

Ranked Members  Ranked Members

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1499 Comments

814. Subbiah Ramanathan |Dec 19, 2017 5:10:08 AM
A leading FPI/MF HAS BOUGHT 6,00,000 SHARES @ 1600, SO WAIT FOR A SHORT PERIOD, GOOD LONG TERM INVESTMENT, PLUS ANCHOR INVESTMENT DONE BY LEADING MUTUAL FUNDS @ 1650/-
813. Ravi Ostwal |Dec 6, 2017 9:41:32 AM
This IPO is giving me a headache.
812. purvsah |Nov 30, 2017 11:33:33 AM
i have 4 lots of IEX .expert please your opinion for hold or sell ???
811. Koustav Mazumdar |Nov 28, 2017 4:21:22 PM
If you not sold it yet, sell it now and book loses against other STCG. You can buy it at a lower price and hold it for a long time. I do no see any significant upstick in near future.
810. GAGAN GUPTA |Nov 21, 2017 11:15:38 AM
sir provide any feedback INDIAN ENERGY EXCHANGE LIMITED i should hold or sell pls suggest
809. M Learner |Nov 21, 2017 2:30:42 AM
@Gamble ji & @ Septa Ji
What to do about IEX sell or hold.
Will it cross it''s issue price within 6 months ??
Pleaese provide your valuable reviews & Thanks in advance.
808. Kartikdevd |Nov 16, 2017 6:40:51 PM
Book loss though company in power sector which is mostly not rewarding, look Suzlon worlds best company IPO 900 now available at 12 which will go to 5. IEX is in niche segment like MCX, BSE, NSE, NCDEX, Gold bonds. Sell now buy near 1000-1100 sell again at 1350-1400.
807. P M |Nov 16, 2017 6:02:02 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Today makes new all time low ---------- 1488.05
806. Hari S |Nov 16, 2017 4:53:37 PM
Friends after the poor listing and the consistent performance of this share in going down could anybody suggest a good time enter this stock. Its a good company with great growth potential and I believe its a gud''un to have in your portfolio.

Experts @gamble, @septa, @eagleye any valuable suggestions please on this? Thanksa lot. Cheers
805. Mathews |Nov 12, 2017 10:54:55 AM
I also feel that Khadim had a surprise element in its listing compared to Insurance companies. There are still money is to be made from leather, rubber and PVC in India compared to Europe where stringent environmental safeguards are there. Look how specialty chemical companies took off in India when stringent norms were brought out in China.
Disclosure : Got 1/1. Yet to research the Company. I am only talking about the surprise element comparable in cricket to Hardik Pandya when Virat and Dohini still around!!!
804. Babyboy |Nov 9, 2017 9:12:03 PM
I have 2 lot of it I sell it or wate
803. MickeyP |Nov 9, 2017 11:14:18 AM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Power bourses not same as stock markets; caps can’t be raised to 15 pct: FinMin

http://www.financialexpress.com/india-news/power-bourses-not-same-as-stock-markets-caps-cant-be-raised-to-15-pct-finmin/925489/
803.1. MickeyP |Nov 9, 2017 11:15:14 AM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
At present, foreign corporate bodies together hold 22.9% in Indian Energy Exchange (IEX), which accounts for over 95% of the exchange-traded electricity market in the country. Two of these investors — Westbridge Crossover Fund and Rimco (Mauritius) — hold 4.75% and 4.5% in IEX, respectively, just below the 5% threshold allowed for each foreign investor.

The finance ministry’s opposition comes at a time when the short-term power market, in which exchanges have a sizable share, is expected to rise at a compounded annual growth rate of 20% between FY17 and FY22, according to a Crisil report. As such, the share of power exchanges in short-term volumes market has more than tripled in the last 7 years — to 34.5% in FY17 from 10.9% in FY10.
803.2. MickeyP |Nov 9, 2017 11:16:07 AM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
The finance ministry’s opposition comes at a time when the short-term power market, in which exchanges have a sizable share, is expected to rise at a compounded annual growth rate of 20% between FY17 and FY22, according to a Crisil report. As such, the share of power exchanges in short-term volumes market has more than tripled in the last 7 years — to 34.5% in FY17 from 10.9% in FY10.
802. MickeyP |Nov 9, 2017 10:46:44 AM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Seems the IEX quarterly result couldn''t generate any interest in the stock. Key highlights of the result :

1. Indian Energy Exchange reported 8 per cent increase in its standalone net profit to Rs 32.65 crore in the quarter ended September 30.
2. the company''s total income was Rs 61.09 crore in the quarter under review compared to Rs 61.87 crore in the same period last year.
3. The revenue from the power business rose to Rs 55.81 crore in the quarter from Rs 50.79 crore a year ago.
4. Its standalone net profit in April-September period this fiscal rose to Rs 64.03 crore from Rs 57.91 crore a year ago.
801. rvshah |Nov 7, 2017 9:11:47 AM
i sold 4 shares of iex at 1604 , now 5 shares remaining....should i sold it today? or wait for 1700 ??? any suggestions pls
801.1. Vishal Gandhi |Nov 7, 2017 1:39:55 PM
quarterly result announce on 8th Nov 2017, you can wait till date.
800. TheGreatGambler |Nov 5, 2017 12:58:18 AM
Surprised at the way market treated IEX , Dixon and Pratap Snacks , even though IEX had a VERY GOOD PAT and second best EPS & P/E among the three.
IEX Slowly moving towards IPO Price
Dixon currently below the listing days low
Pratap Snacks moving towards listing day low
Stock----------------No of shares----Value(Cr)--------PAT(%)-----IPO Price/FV--No of times sub-------Listing(H/L)----------Current--------EPS(FY17)-------P/E
IEX 60,65,009 1000.09 47 1650/10 2.28 1660/1500 1592.30 37.78 43.6X
Dixon 30,53,675 599.30 2.8 1766/10 117.83 3024/2725 2685.35 45 39X
PratapSnacks 36,27,518 481.94 1 938/5 47.39 1318.80/1133.70 1173.60 4.77 196X
800.1. MickeyP |Nov 6, 2017 1:39:23 PM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Good observation TheGreatGambler! Thank you for sharing this.

IEX will announce results on 8th November. Dixon will announce results on November 14th. Prataap snacks board meeting date is not yet finalized. It would be interesting to see how these stocks move after announcing their first quarterly result post listing!
799. MickeyP |Nov 2, 2017 11:32:36 AM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
As per latest investor presentation uploaded on IEX website. IEX paid rs 45/share for the last financial year(10 rs interim + 35 final). IEX paid the final dividend of rs 35/share in the month of august 2017 to its previous shareholders. so I`m not sure if they`ll announce any interim dividend now.. but let us see, hoping for a good result...
799.1. Mathews |Nov 4, 2017 6:11:22 PM
Dear MickeyP : is there any sense in comparing the dividend before and after the IPO. Before the IPO, the promoters and venture capitalists were taking out the profit in the form dividend. Now their holdings and lesser, so naturally the Board will recommend lesser dividend this time. Mark my statement.
799.2. MickeyP |Nov 6, 2017 1:31:35 PM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Dear Mathews, thanks for your views. As I posted earlier I''m not expecting any dividend in this quarter and also I never mentioned that they will pay good dividends like they used to do before IPO. I just posted the fact that they paid rs 45 dividend in the last financial year, which I got from investor presentation. Thank you.
798. Mr Bhatia |Nov 6, 2017 10:04:48 AM
Shall i hold my allotment in IEX or book the loss
797. CaptSingh |Nov 4, 2017 6:54:59 PM
Can I sell my applications in Mumbai (Western suburbs) under Kostak?
796. rvshah |Nov 2, 2017 9:54:53 PM
kya lagta he? IEX 1650 tk jayega? in this month? any idea? i have 1 lot and i m thinking to sell it on loss.
should i hold it or sold it?
pls suggest
795. MickeyP |Nov 2, 2017 11:30:14 AM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
IEX will announce it''s quarterly result on November 8th 2017