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Indian Energy Exchange Ltd IPO Prospectus
What Are Analysts Saying?
Indian Energy Exchange IPO: Very attractive financials; subscribe to the issue
Nirmal Bang, 09 Oct 2017
We believe IEE has very attractive financial and likely to see consistent growth. We recommend subscribing to the issue.
IEX IPO: Virtual monopoly with strong fundamentals
Reliance Securities, 09 Oct 2017
Indian Energy Exchange (IEX) is India\'s first power exchange, which provides automated trading platform for electricity and renewable energy certificates. Though the Issue is priced fairly, we recommend SUBSCRIBE to the Issue from long-term perspective on the back of strong fundamentals.
IEX IPO: Favorable government policies has encourage energy trading;Subscribe
Rudra Shares and Stock Brokers, 09 Oct 2017
IEX is the first energy exchange in India to enjoy the early mover advantage, with its unique business and strong brand recognition among the participants with 93.5% volume market share. We recommend to SUBSCRIBE the IPO
Indian Energy Exchange IPO: A good investment for stable long term growth
SPA Securities, 09 Oct 2017
IEX is a stable business with low risk and modest growth rates. Considering this aspect, with high return ratios and strong cash generation we believe this is a good investment for investors with low risk appetite and stable long term growth.
Indian Energy Exchange IPO: Strong fundamentals & Sound financials; Subscribe
Hem Securities, 09 Oct 2017
The company is the first and largest energy exchange in India with strong brand recognition and has achieved deep penetration of the market for trading of electricity over exchanges. Hem Securities recommend \"Subscribe\" on issue .
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Issue Details
Open Date: 09 Oct 17
Close Date: 11 Oct 17
Offer Price: Rs. 1645
Issue Size: Rs. 1,000.73 Cr
Min Application Amount:
Rs. 14805
Min bid (No. of shares): 9
Listing Exchanges:
About the Company
"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.."
Objective of the Issue
"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."
Subscription Details
Investor Category No of times
Qualified Institutional Investor -
Non Institutional Investor -
Retail Investor -
Total -