Indian Energy Exchange IPO Opens Today: All You Need To Know

Indian Energy Exchange IPO Opens Today: All You Need To Know

Power trading platform, Indian Energy Exchange (IEX) will issue its IPO (Initial Public Offer) on Monday. Here are all the details about the IPO:

1) The issue will be open for subscription on Monday (October 9) and will continue till October 11 (Wednesday)

2) The price band for each share has been fixed at Rs 1,645 to Rs 1,650 apiece for a share

3) The equity shares are proposed to get listed on both BSE and NSE

4) The issue involves sale of shares by 11 shareholders who are offering a total of nearly 60.7 lakh shares shares

5) The company aims to raise almost Rs 1,000 crore through the IPO

6) Bids can be made for a minimum of 9 equity shares and in multiples of 9 equity shares thereafter

7) Axis Capital, Kotak Investment Banking, IIFL and Karvy are the book running lead managers to the IPO Read More…

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