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Oct 11, 2017 03:56 PM IST | Source: Moneycontrol.com

Indian Energy Exchange IPO: Issue oversubscribed 1.88 times so far on Day 3

The IPO received bids for 99,13,914 shares against 42,45,508 shares on offer, as per NSE data.

Indian Energy Exchange IPO: Issue oversubscribed 1.88 times so far on Day 3

Moneycontrol News

As the initial public offering of Indian Energy Exchange enters the third day, the issue was oversubscribed 1.88 times as of 3:45 pm, data available with the NSE showed.

The IPO received bids for 99,13,914 shares against 42,45,508 shares on offer, as per NSE data.

Indian Energy Exchange (IEX) on Saturday garnered a little over Rs 300 crore from anchor investors.

IEX plans to raise Rs 1,001 crore through its initial share sale offering. It has fixed the price band of Rs 1,645- 1,650 per share for the issue.

The issue, by which the company is selling 20 percent of the post-issue paid-up capital, would be open for subscription till tomorrow.

Axis Capital, Kotak Mahindra Capital Company and IIFL Holdings are managing the company's public issue.

IEX is India's first power exchange providing automated trading platform for electricity (for physical delivery) and renewable energy certificates.
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