Indian Energy Exchange Limited IPO

♦ ISSUE PERIOD: 09/10/17 to 11/10/17
♦ ISSUE TYPE: Book Building
♦ ISSUE PRICE: Rs 1645 to Rs 1650
♦ ISSUE SIZE: 6,065,009 Shares
♦ AMOUNT RAISED: Rs 997.69 -1000.72 Crores
♦ LOT SIZE: 9 Shares

Company Overview:

Indian Energy Exchange Limited is the largest exchange for the trading of a range of electricity products in India  in terms of traded contract volumes in the financial year 2016 and for the eleven months ended February 28, 2017 according to the Central Electricity Regulatory Commission (the “CERC”). Electricity products traded over their electronic trading platform comprise (i) electricity contracts in blocks of 15 minutes in the day-ahead-market (the “DAM”), (ii) electricity contracts for fixed terms in the future, such as intra-day contracts, day ahead contingency contracts and contracts up to 11 days ahead, known as the term-ahead-market (the “TAM”) and (iii) renewable energy certificates (“RECs”). They expect to commence the trading of energy saving certificates (“ESCerts”) on their Exchange upon availability of infrastructure, in the first half of the financial year 2018.

Indian Energy Exchange Limited is one of two exchanges in India that offer an electronic platform for the trading of electricity products and has a substantial majority market share among the power exchanges in India. The DAM constitutes the substantial majority of the energy contracts that are traded on this Exchange. In the financial year 2016 and for the eleven months ended February 28, 2017, they commanded a 99.6% and 99.5% market share, respectively, of electricity contracts in the DAM, in terms of volume, according to the CERC. IEX is an online platform which is accessible to registered participants throughout India. It promotes efficient price discovery and offers participants on their Exchange the opportunity to trade in a variety of electricity products. Their platform increases the accessibility and transparency of the power market in India and enhances the speed and efficiency of trade execution. In addition to trade execution, IEX offers settlement services, including electronic trade confirmation, access to clearing services and risk management functionality.

Issue Objects:

♦ To gain benefits of listing the Equity Shares on the Stock Exchanges
♦ To carry out the sale of up to 6,065,009 Equity Shares by the Selling Shareholders.


IEX is a professionally managed company and does not have an identifiable promoter in terms of SEBI ICDR Regulations and the Companies Act, 2013. It used to be promoted by FTIL and PFS. Pursuant to divestment by them of the Equity Shares of our Company, they currently hold no Equity Shares in the Company.

Company Financials:

will be updated soon...


Karvy Computershare Private Limited
Karvy Selenium Tower B
Plot 31 and 32, Gachibowli
Financial District, Nanakramguda
Hyderabad 500 032
Tel: (91 40) 6716 2222
Fax: (91 40) 2343 1551
Investor Grievance e-mail:
Contact Person: M. Murali Krishna
SEBI Registration No. INR000000221

Lead Managers:

Axis Capital Limited
1st Floor, Axis House
C-2, Wadia International Centre
P.B. Marg, Worli
Mumbai 400 025
Tel: (91 22) 4325 2183
Fax : (91 22) 4325 3000
Investor grievance E-mail:
Contact person: Kanika Goyal
SEBI Registration No.: INM000012029

Kotak Mahindra Capital Company Limited
1st Floor, 27 BKC, Plot No. 27
“G” Block, Bandra Kurla Complex
Bandra (East)
Mumbai 400 051
Tel: (91 22) 4336 0000
Fax: (91 22) 6713 2447
Investor grievance E-mail:
Contact Person: Ganesh Rane
SEBI Registration No.: INM000008704

IIFL Holdings Limited
10th Floor, IIFL Centre
Kamala City, Senapati Bapat Marg
Lower Parel (West)
Mumbai 400 013
Tel: (91 22) 4646 4600
Fax: (91 22) 2493 1073
Investor grievance E-mail:
Contact Person: Gaurav Singhvi/ Sachin Kapoor
SEBI Registration No.: INM000010940


Last Updated-Dec 28, 2017 @ 8:13 pm

Will be updated when the issue starts...


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