Indian Energy Exchange has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to float its initial public offering (IPO). The public offer will comprise sale of 6.06 million shares through a secondary offering by existing shareholders. The company’s shares are proposed to be listed on the BSE and NSE.
The company, which filed the draft red herring prospectus with the SEBI in June, got the regulator’s approval on August 14. The company is not raising any fresh capital from the IPO. The proceeds will go to existing shareholders. The lead managers for the issue are IIFL Holding, Kotak Mahindra Capital Company and Axis Capital.
Indian Energy Exchange (IEX) is India’s premier power trading platform. Providing an automated platform for physical delivery of electricity, IEX enables efficient price discovery and offers participants the opportunity to trade in a variety of energy products.
| Company Name | CMP |
|---|---|
| NTPC | 391.30 |
| Tata Power | 418.80 |
| Adani Power | 186.85 |
| Power Grid Corp | 313.00 |
| Torrent Power | 1516.60 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: