Business description from prospectus – Indian Energy Exchange 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 2017 according to the Central Electricity Regulatory Commission (CERC). Electricity products traded over its 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”). The company has commenced the trading of energy saving certificates (ESCerts) on its Exchange on September 26, 2017.
It 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 our Exchange. In the financial years 2016 and 2017, it commanded a 99.6% and 99.4% market share, respectively, of electricity contracts in the DAM, in terms of volume, according to the CERC. According to the CERC, in the financial years 2016 and 2017, 93.7% and 94.8% of the traded contract volumes of electricity contracts in the DAM, TAM and RECs combined, were conducted over its Exchange.
| Indian Energy Exchange IPO details | |
| Subscription Dates | 9 – 11 October 2017 |
| Price Band | INR1,645 – 1,650 per share |
| Fresh issue | Nil |
| Offer For Sale | 6,065,009 shares (INR997.69 – 1,000.72 crore) |
| Total IPO size | 6,065,009 shares (INR997.69 – 1,000.72 crore) |
| Minimum bid (lot size) | 9 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
| Indian Energy Exchange’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | Q1 FY2018 | |
| Total revenue | 138.4 | 174.0 | 176.4 | 200.1 | 237.4 | 61.7 |
| Total expenses | 38.6 | 41.1 | 43.9 | 53.5 | 64.2 | 14.8 |
| Profit after tax | 66.3 | 91.9 | 90.0 | 100.3 | 113.6 | 30.6 |
Indian Energy Exchange Limited
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
Fax: +91 11 4300 4015
Email: [email protected]
Website: www.iexindia.com
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: [email protected]
Website: www.karvycomputershare.com
Earnings Per Share (EPS): INR37.66
Price/Earnings (P/E) ratio: 43.68 – 43.81
Return on Net Worth (RONW): 41.3%
Net Asset Value (NAV): INR94.92 per share
Indian Energy Exchange IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 2,243,383 | 0.01 | 0.01 | 2.55 |
| NII | 909,752 | 0.01 | 0.05 | 0.84 |
| Retail | 2,122,754 | 0.29 | 0.83 | 2.37 |
| Total | 4,245,508 | 0.15 | 0.43 | 2.18 |
Indian Energy Exchange IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.
IPO Opening Date: 9 October 2017
IPO Closing Date: 11 October 2017
Finalisation of Basis of Allotment: 17 October 2017
Initiation of refunds: 17 October 2017
Transfer of shares to demat accounts: 18 October 2017
Listing Date: 23 October 2017
Listing Price on NSE: INR1,500 per share (down 9.1% from IPO price)
Closing Price on NSE: INR1,629.15 per share (down 1.3% from IPO price)
HOW THIS IPO WILL GAIN PERFORMANCE ON LISTING DAY
I think it will give a good profit on listing and post listing.
apply with full force
Revenue growth reaching plateau. Profit growth rate declining. P/E=44, P/NAV=16. No fresh issue. How does it compare with PTC India (wondering?? P/E=11)?
PROFESSIONALLY MANAGED COMPANY AND DOES NOT HAVE AN IDENTIFIABLE PROMOTER. Profit Margin=50%
Not so good. After listing then buy. Guys avoid this ipo.
Since foreign investors are limited. They may buy huge after listing
I HAVE NOT ALLOTTED???!!!!!!!!!!!!!!!!!
1/1 allotted maiden allotment for me
How do i see in Zeroda iex listed for me
Which price is share listing on first day
Indian energy…..1960 all time high….,
What 1960, look at the poor listing. I lost money in ythis
Recovered in the end. Fully priced but a good business, don’t sell and you will make some money.