Indian Energy Exchange Limited IPO to open for subscription on Oct 9, 2017

The Initial Public Offering (IPO) of Indian Energy Exchange Limited (IEX) is all set to hit the primary markets on Monday, October 9, 2017. The IPO will close for subscription on October 11, 2017.

The company is coming out with a Initial Public offer of upto 6,065,009 equity shares (including anchor portion of 1,819,501 Equity Shares) at a price band of Rs 1645 to Rs 1650 through 100% Book Building process.

The Minimum Order Quantity is 9 Equity Shares and in multiples thereof. The Face Value of equity shares is Rs. 10.

Axis Capital Limited, Kotak Mahindra Capital Company Limited and IIFL Holdings Limited are the Book Running Lead Managers to the issue. Kotak Securities Limited and India Infoline Limited are the Syndicate Members to the issue.

Karvy Computershare Private Limited is the registrar to the company.

Source : Equity Bulls

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