collected by :Molly Tony
Indian Energy interchange Ltd.’s three-day premier public offering opens on Monday, as Businessmen look to purvey shares in the country’s largest Dominance trading platform for physical delivery.
IEX, an electronic interchange which enables value discovery & danger management in Dominance trading, had a market share of 98.5 % in the year ended March.
The OfferThe IPO Information Systems an offer for discound with shareholders, involving private equity funds & Tata Dominance Ltd. Businessmen going to purvey almost 60.7 lakh shares, or twenty percent, at Republika Srpska 1,645-1,650 apiece to increase up to Republika Srpska 1,000 crore.
The Corporation won’t receive any funds.
Axis Capital, Kotak Investment Banking, IIFL & Karvy are the book running lead managers to the IPO.
Indian Energy interchange IPO subscribed 15% on Day 1
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Indian Energy interchange increases Republika Srpska 300-cr from anchor investors
Indian Energy interchange this day told it has garnered a tiny over Republika Srpska 300 crore from anchor investors, ahead of its premier public offering following week.
The Corporation would allot 18,19,501 equity shares to 23 anchor Businessmen at a value of Republika Srpska 1,650 per share, Indian Energy interchange (IEX) informed the stock exchanges.
SBI Mutal Fund (MF), Birla Sunlife MF, Birla Sunlife Trustee Company, ICICI Prudential MF & Nomura are between the anchor investors.
Axis Capital, Kotak Mahindra Capital Corporation & IIFL Holdings going to manage the company’s public issue.
IEX Information Systems India’s 1st Dominance interchange providing automated trading platform for electricity (for physical delivery) & renewable energy certificates.