What is the price band of the Indian Energy Exchange IPO?

The price band is ₹1,645–1,650 per share, and the final issue price is ₹1,650.

What is the lot size of the Indian Energy Exchange IPO?

One lot is 9 shares, so the minimum retail bid is ₹14,850 at the upper end of the price band.

When is the Indian Energy Exchange IPO listing date?

The shares listed on 23 October 2017.

How many times was the Indian Energy Exchange IPO subscribed?

It was subscribed 2.28x overall: QIB 2.56x, NII 0.85x and retail 2.61x (NSE and BSE together).

Indian Energy Exchange IPO

Indian Energy Exchange Limited (IEX) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 23 October 2017.

Listed 23 Oct Subscribed 2.28x Listing gain -9.1%

Issue details

Price band

₹1,645–1,650

Issue price

₹1,650

Lot size

9 shares

Min. retail bid

₹14,850

Max. retail bid

13 lots (₹1,93,050)

Issue size

₹1,426 Cr

Face value

₹10

Bidding

09 Oct – 11 Oct 2017

Listing

23 Oct 2017

Retail quota

35%

Registrar

Karvy Computershare Private Limited

Listing day

Listed at

₹1,500

-9.1% vs issue price ₹1,650

Day's high

₹1,660

+0.6% · low ₹1,500 (-9.1%)

Day's close

₹1,629

-1.3% · traded ₹540 Cr

Subscription status

Category	Shares offered	Shares bid for	Subscribed
QIB (institutions)	22,43,383	57,38,238	2.56x
NII (HNI) total	9,09,752	7,69,608	0.85x
Retail	21,22,754	55,38,357	2.61x
Total	52,75,889	1,20,46,203	2.28x

Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 40% of all shares bid for were at the cut-off price.

Past IPOs with similar demand

Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Indian Energy Exchange's, and how they listed.

IPO	QIB	NII	Retail	Total	Size	Listing gain	Day high
Tejas NetworksJun 2017	2.16x	0.48x	3.10x	1.88x	₹803 Cr	0.0%	+5.6%
Eris LifesciencesJun 2017	4.68x	0.45x	3.51x	3.29x	₹1,741 Cr	+1.3%	+4.2%
L&T Technology ServicesSep 2016	5.01x	1.03x	1.75x	2.53x	₹894 Cr	+7.0%	+8.3%
Precision CamshaftsJan 2016	2.62x	0.73x	2.01x	1.91x	₹424 Cr	-11.3%	-0.5%
Bharat Road NetworkSep 2017	1.33x	1.63x	5.69x	1.81x	₹1,276 Cr	0.0%	+6.8%
HealthCare Global EnterprisesMar 2016	2.36x	0.43x	0.83x	1.56x	₹650 Cr	-3.6%	-2.8%

Lead managers and their listing record

Book running lead manager	Mainboard IPOs since 2019	Avg listing gain	Listed at a premium
Axis Capital	107	+20.4%	73%
Kotak Mahindra Capital Company	83	+20.8%	76%
IIFL Holdings	—	—	—

Offer documents (NSE)

Red Herring Prospectus (zip) Basis of issue price (zip) Anchor allocation (zip)

Frequently asked

What is the Indian Energy Exchange IPO price band and lot size? ₹1,645–1,650 per share, with a lot of 9 shares, so the smallest retail bid is ₹14,850.

How many times has it been subscribed? 2.28x overall: QIB 2.56x, NII 0.85x, retail 2.61x.

How did it list? It opened at ₹1,500, -9.1% against the issue price of ₹1,650, and closed its first day -1.3%.

Other IPOs of 2017

Astron Paper & Board Mills Future Supply Chain Solutions Shalby HDFC Standard Life Insurance Company Khadim India The New India Assurance Company Mahindra Logistics Reliance Nippon Life Asset Management All 2017 IPOs →

Important: The AI listing estimates on Flash Finance are statistical estimates drawn from how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell, and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring Prospectus and consult a SEBI-registered adviser before you invest.