INDIAN ENERGY EXCHANGE LIMITED (IEX) is India’s premier power trading platform. Providing an automated platform for physical delivery of electricity, IEX enables efficient price discovery and offers participants the opportunity to trade in a variety of energy products. Our exchange platform increases the accessibility and transparency of the power market in India and enhances the speed and efficiency of trade execution.
Today, more than 5800 participants are registered on our exchange and are located across utilities from 29 States, 5 Union Territories (UTs). Over 4,200 registered participants were eligible to trade electricity contracts and over 3,900 registered participants were eligible to trade RECs, as of March 2017. Out participants registered to trade electricity contacts include 50 distribution companies, over 400 electricity generators and over 3,800 open access consumers. As of March 2017, in addition to participants who traded electricity contracts, participants registered to trade RECs included over 1,000 renewable energy generators and over 2,900 industry and corporate customers. The benefiting open access consumers belong to various industries such as metal, food processing, textile, cement, ceramic, chemicals, automobiles, information technology industries, institutional, housing and real estate and commercial entities.
In August 2016, IEX received three ISO Certifications – ISO 9001:2008 for quality management, ISO 27001:2013 for Information security management and ISO 14001:2004 for environment management
Day-Ahead Market (DAM)
Term-Ahead Market (TAM)
Renewable Energy Certificates (REC)
Energy Saving Certificates (ESCerts)
Indian Energy Exchange was promoted by FTIL (Financial Technologies) and PFS (PTC Financial Services), which currently hold no equity shares in the company post divestment.
> It promotes efficient price discovery and offers participants the flexibility to trade in a variety of electricity products.
> It is the largest exchange for trading of a range of electricity products in India, in terms of traded contract volumes in FY17, according to the CERC.
> It is well placed to benefit from conducive Government policies and regulations that encourage trading of energy and increase the volume of electricity products available to be traded over exchanges.
> The company has diverse participant base ensuring liquidity on exchange.
> It is highly scalable and proven technology infrastructure.
> It is professionally managed company with a highly qualified and experienced management team.
Risks and Concerns
Here are risks and concerns highlighted by brokerage houses:-
> Unforeseen regulatory changes and implementation of the same could impact business.
> Insufficient system capacity or power supply could impact trading volume on the exchange.
> IEX operational success depends substantially on its ability to maintain and increase the number of participants.
> Expansion into new markets may increase risks due to regional unfamiliarity.
> IT system limitations or system disruptions can affect IEX’s operations and future business prospects.
SBI Mutal Fund (MF), Birla Sunlife MF, Birla Sunlife Trustee Company, ICICI Prudential MF and Nomura are among the anchor investors.
Book Running Lead Managers: Axis Capital Limited, Kotak Mahindra Capital Company Limited and IIFL Holdings Limited
In FY17, Indian Energy Exchange generated total revenue of Rs 237.42 crore and profit after tax was Rs 113.56 crore. For the quarter ended June 2017, it generated total revenue of Rs 61.66 crore and profit after tax was Rs 30.63 crore.
Indian Energy Exchange Ltd IPO details:
IPO Opens on: 09-Oct-2017
IPO Closes on: 11-Oct-2017
Price Band: Rs 1645 to Rs 1650 per share
Face Value: Rs 10
Issue Size: Initial Public offer of upto 6,065,009 equity shares (including anchor portion of 1,819,501 Equity Shares)
Bid Lot: 09 Equity Shares and in multiples thereof
Minimum Order Quantity: 09 Equity Shares
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
Listing On: BSE, NSE
Important dates for Indian Energy Exchange Ltd IPO Allotment Status :
Indian Energy Exchange Ltd IPO Opens On: 09-Oct-2017
Indian Energy Exchange Ltd IPO Closes On: 11-Oct-2017
Indian Energy Exchange Ltd IPO Allotment Date: 17 Oct,2017
Indian Energy Exchange Ltd IPO Listing Date: 24 Oct,2017
Indian Energy Exchange Ltd IPO Transfer of shares to demat account: 23 Oct,2017
Indian Energy Exchange Ltd IPO Initiation of refunds: 18 Oct,2017
Registered Office :
Unit No 3,4,5&6 4th Flr Jasola
TDI Centre South Delhi
New Delhi – 110025, Delhi, India.
Phone : 91-11-43004000 Fax : 91-11-43004015
Email : email@example.com
Website : www.iexindia.com
Registrar of IPO
Karvy Computershare Pvt Ltd, Karvy Selenium Tow-B, Pl-31&32 Gachibowli