Things To Find Out About IEX IPO

IPO for the largest exchange for the trading of a range of electricity products in India opens nowadays.

IPO for the largest exchange for the trading of a spread of electricity products in India opens today. According to CERC, IEX commanded 99.4% market share when it comes to contracts traded in extent terms in FY17.

IEX primarily brings together sellers of power, comparable to impartial energy producers, captive power crops, distribution corporations and govt-owned power era companies, and patrons of energy, reminiscent of distribution companies and industrial, commercial and institutional power consumers, and gives them with a transparent, impartial and automatic platform for trading of electricity.

The price band for the IPO is set at Rs 1645-1650 and the issue size at the upper end of the price band is ~Rs 1001 Cr.

IEX is the first energy exchange in India that offers it a bonus and enjoys sturdy brand recognization. IEX is expected to be a beneficiary of growth in peak power demand in India which in turn is predicted to raise the ability traded volumes on the exchange.

The company has recorded revenue boom of ~14% CAGR over FY13-17 on the back of robust volumes while the operating margins have remained steady at ~72% over FY14-17. PAT has additionally grown in step with the revenue at CAGR of ~14% over FY13-17.

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