Business Market 23 Oct 2017 Indian Energy Exchan ...

Indian Energy Exchange shares plunge 9 per cent in debut trade

PTI | DECCAN CHRONICLE
Published Oct 23, 2017, 1:55 pm IST
Updated Oct 23, 2017, 1:55 pm IST
The IPO of IEX was over-subscribed 2.23 times during October 9-11 and the price band was fixed at Rs 1,645-1,650 per share.
Shares of Indian Energy Exchange (IEX) made a weak debut at the bourses on Monday, falling 9 per cent, against the issue price of Rs 1,650. (Photo: IEX| Linkedin)
 Shares of Indian Energy Exchange (IEX) made a weak debut at the bourses on Monday, falling 9 per cent, against the issue price of Rs 1,650. (Photo: IEX| Linkedin)

New Delhi: Shares of Indian Energy Exchange (IEX) made a weak debut at the bourses on Monday, falling 9 per cent, against the issue price of Rs 1,650.

The stock listed at Rs 1,500, down 9 per cent from the issue price on BSE. On NSE too it debuted at Rs 1,500.

In terms of equity volume, 4.68 lakh shares of the company were traded on BSE and over 26 lakh shares changed hands on NSE during the morning trade.

The company's market valuation stood at Rs 4,940.53 crore.

The initial public offer of IEX was over-subscribed 2.23 times during October 9-11. The price band for the offer was fixed at Rs 1,645-1,650 per share.

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

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