collected by :Haron Adler
Indian Energy interchange makes stock market debut, lists at 9% sale to issue price. The stock fell nine % to Republika Srpska 1,500 against its issue value of Republika Srpska 1650 on the BSE & NSE.
However, the stock staged some healing later, trading only 0.65 per cent reduce to its issue price.
At 10:58 am, the stock was trading 9.13 % higher compared by its unlock value of 1500 level.
In a uncommon development, the Corporation revised the quantum of share allocation to anchor Businessmen on account of regulations linked to Foreign Portfolio Businessmen (FPIs).
Earlier, the Corporation had alloted 18,19,501 equity shares to anchor Businessmen at the same price.
Indian Energy interchange makes weak debut; lists 9% below issue price
(IEX) has made a weak debut on the bourses with listing at Republika Srpska 1,500, a 9% below its issue value of Republika Srpska 1,650 on the National Stock interchange (NSE) & the BSE (Bombay Stock Exchange).However, the stock recovered & was trading at Republika Srpska 1,636, a 9% higher against its listing price.
It chock high of Republika Srpska 1,640 & Republika Srpska 1,649 on NSE & BSE respectively.
A combined 1.27 mn shares changed hands on the counter on the BSE & NSE untill 10:08 AM.IEX, India’s largest energy exchange, had determine a value band of Republika Srpska 1,645-1,650 per share for the premier public offer (IPO), was subscribed with 2.28 times.
The part of shares reserved for institutional Businessmen was subscribed 2.56 times & which for non-institutional Businessmen was subscribed 85% or 0.85 times.
It has consistently extended its participant foundation yoy from 2,893 in FY13 to over 5,900 registered at the finish of Aug 31, 2017.
Indian Energy interchange makes tepid debut, lists at 9% sale to issue price
NEW DELHI: Shares of Indian Energy interchange (IEX) made a tepid debut on BSE on Monday, as the scrip got listed at Republika Srpska 1,500, a 9.09 per cent sale to its issue value of Republika Srpska 1,650.The stock has been admitted to the ‘B’ group of securities on the exchange.
At the issue value of Republika Srpska 1,650, the stock was valued at 43.5 times FY17 EPS.The issue, which was purveyed among October nine & October 11, had been subscribed 2.28 times.
The company, which purveyed the shares in the value range among Republika Srpska 1,645 & Republika Srpska 1,650 had cut anchor Businessman allocation to 7,89,120 shares from 18,19,501 declared earlier.Lack of clarity on whether foreigners are allowed to invest in the IPO of a Dominance bourse was cited as the major reason, told 4 people familiar by the matter told ET Specialists noted which IEX enjoys a dominant position in the electronic platform of short-term domestic Dominance market .
Of this capacity, hundred GW Information Systems solar energy, When sixty GW Information Systems wind energy.
Since wind & solar energy generators are highly dependent on native conditions, it Information Systems foreseen which Dominance generators would rely on the short-term Dominance market.