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Company Background

Company Background

Indian Energy Exchange Limited incorporated in March 2007 is the largest exchange for the trading of a range of electricity products in India ("Exchange"), in terms of traded contract volumes in the financial year 2017 according to the Central Electricity Regulatory Commission (the "CERC"). Electricity products traded over its electronic trading platform comprise (i) electricity contracts in blocks of 15 minutes in the dayahead - market (the "DAM"), (ii) electricity contracts for fixed terms in the future, such as intra-day contracts, day ahead contingency contracts and contracts up to 11 days ahead, known as the term-ahead-market (the "TAM") and (iii) renewable energy certificates ("RECs").

The Company has commenced the trading of energy saving certificates ("ESCerts") on its Exchange on September 26, 2017. The Company is one of two exchanges in India that offer an electronic platform for the trading of electricity products and have a substantial majority market share among the power exchanges in India. It is recognized as the 'Leader in Power Market Development' by Council of Power Utilities in 2015 and awarded the 'Exchange of the Year' Award by Power Business View in 2014.

The Company's exchange is an online platform which is accessible to registered participants throughout India. It promotes efficient price discovery and offers participants on its Exchange the opportunity to trade in a variety of electricity products. Its Exchange increases the accessibility and transparency of the power market in India and enhances the speed and efficiency of trade execution. In addition to trade execution, its Exchange offers settlement services, including electronic trade confirmation, access to clearing services and risk management functionality
Issue Highlights
Issue opens Monday, October 09, 2017
Issue closes Wednesday, October 11, 2017
Price Band Rs. 1645 - Rs. 1650
Offer Size Offer for Sale: 60,65,009 Equity shares
Bid Lot 9 Equity Shares & in multiples thereafter
Face Value Rs.10/- per share
Listing NSE / BSE
BRLM Kotak / Axis / IIFL
Registrar Karvy Computershare Private Limited
Payment Compulsorily ASBA Mode

Issue Break up

Issue Size Issue Size Allocation Issue Size (Rs. in Crs)
Lower Band Upper Band
QIB 50% 499 500.5
NIB 15% 149.7 150.15
Retail 35% 349.3 350.35
Total 100% 998 1001
Object of the Issue
The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and to carry out the sale of up to 6,065,009 Equity Shares by the Selling Shareholders. The listing of the Equity Shares will enhance the Company's brand and provide liquidity to the existing Shareholders. The Company expects that the proposed listing will also provide a public market for the Equity Shares in India. The Company will not receive any proceeds of the Offer
Retail Payment Chart
No. of Shares Cut off price per share Rs.1650 Total Amount (Rs.)
9 1650 14850
18 1650 29,700
27 1650 44,550
36 1650 59,400
45 1650 74,250
54 1650 89,100
63 1650 1,03,950
72 1650 1,18,800
81 1650 1,33,650
90 1650 1,48,500
99 1650 1,63,350
108 1650 1,78,200
117 1650 1,93,050
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SEBI/ Regulatory Registration Nos.: BSE:INB/INF 010607233 NSE:INB/INF/INE 230607239. Merchant Banking: INM000010973 DP Reg: IN-DP-CDSL-28-99 DP ID - CDSL 12013200
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