News Details

( 23 Oct 2017)
IEX makes tepid debut, lists at discount

Indian Energy Exchange (IEX) made a weak debut on the Bombay Stock Exchange by listing at Rs 1,500, a 9 per cent discount against its initial public offer (IPO) price of Rs 1,650 per share.

However, the power trading exchange, which had set a price band of Rs 1,645-1,650 per share for the initial public offer (IPO), recovered smartly soon after listing and was currently trading at Rs 1629.85, up 8.66 per cent against the listing price.

The Indian Energy Exchange (IEX) is an electronic system based power trading exchange regulated by the Central Electricity Regulatory Commission (CERC).

During the day’s trade so far, shares of company touched an intra-day highs and lows of Rs 1658.00 and Rs 1500.00 on the BSE. As much as 4.55 lakh shares have changed hands on the counter.

“The equity shares of Indian Energy Exchange Ltd (Scrip Code: 540750) are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities,” said the company in a filing to the Bombay Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 32,359.08, down 30.88 points, or 0.10 per cent, at 12:30 hours.