Indian Energy Exchange Limited – Completes Allocation to Anchor Investors

Indian Energy Exchange Limited (IEX) which is tapping the capital markets with its offer for sale completed allocation to anchor investors. The company is offering 60,65,009 shares through an offer for sale in a price band of Rs 1645-1650.
The company allotted 18,19,501 equity shares to 25 anchor investors comprising of 28 entities.

The highest allocation has been made to Smallcap World Fund who has been given 13.32% of the anchor allocation. Domestic mutual funds collectively have been given 33.38% of the total allocation.

The issue is being offered at a PE multiple of 43.81 times based on financial year ended March 2017 earnings. The issue opens on Monday the 9th of October and closes on Wednesday the 11th of October
The full list of anchor allotment is given below: –
Indian Energy Exchange Limited – Completes Allocation to Anchor Investors

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