Indian Energy Exchange IPO To Open On 9 October: 5 Key Things About Rs 1,001 Crore Public Offer

Indian Energy Exchange IPO To Open On 9 October: 5 Key Things About Rs 1,001 Crore Public Offer

Indian Energy Exchange Rs 1,001 crore IPO (initial public offer) is all set to open for subscription on 9 October. The company has set a price range of Rs 1,645-1,650 per equity share of face value Rs 10. Indian Energy Exchange is expected to garner Rs 1,000.73 crore from its public offer at the upper end of the price band by selling 60.65 lakh equity shares. The issue where the company is selling 20% of the paid-up capital, will remain open for three days, from 9 October to 11 October. We take a look at five key things to know about the 1,001-crore public offer.

IPO details

The floor price of the shares is 164.5 times the face value and the cap price is 165 times of the face value. Investors can bid for a minimum an f 9 equity shares and in multiples of it thereafter. Axis Capital, Kotak Mahindra Capital Company and IIFL Holdings are the book running lead managers for the public issue.  Read More…

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