Initial Public Offering of Indian Energy Exchange, which opens on October 9, is expected to raise up to ₹1000 crores.
According to a public notice released by the company on Friday, it has decided a price range of close to ₹1650 per share for the sale and the same will expectedly bring a capital of around ₹1000 crores. The IPO subscription will be open from October 9th till October 11th and the company has offered a little over 60 lakh shares to sell. The value generated by IPO accounts for around 20% of the total post-issue paid up capital of the company.
The IPO sale is being managed by the likes of Axis Capital, Kotak Mahindra Capital and IIFL Holdings.