Shares of IEX Limited listed on the bourses and had a lacklustre listing. The company had through an offer for sale offered 60,65,009 shares in a price band of Rs 1645-1650. It had allotted 18,19,501 equity shares to 25 anchor investors comprising of 28 entities. 
This was reduced and had to be reallocated without the FPI’s to 7,89,120 equity shares to 11 anchor investors comprising of 16 entities. The issue received mixed response post the FPI incident and was subscribed 2.28 times with QIB Portion subscribed 2.56 times, HNI undersubscribed at 0.85 times and Retail subscribed 2.61 times.
| Exchange | Open | High | Low | Close | Net Change | % Gain/ Loss | Wt.Avg | Volume | Delivery | Del %age |
| BSE | 1500.00 | 1658.00 | 1500.00 | 1626.45 | -23.55 | -1.43 | 1620.34 | 605304 | 150306 | 24.83 |
| NSE | 1500.00 | 1660.00 | 1500.00 | 1629.15 | -20.85 | -1.26 | 1614.22 | 3345798 | 986150 | 29.47 |
| Total | 3951102 | 1136456 | 28.76 |
The issue listed at Rs 1,500 on both the exchanges which was also the low of the day. The high was Rs 1,658 on the BSE and Rs 1,660 on the NSE. The share closed at Rs 1,626.45 on BSE and Rs 1,629.15 on the NSE. The net loss on BSE was Rs 23.55 or 1.43% while it was Rs 20.85 or 1.26% on the NSE. The traded volume was 39,51,102 shares which was 65.15% of the IPO size and almost 75% considering only the non-anchor portion. The delivery percentage was 28.76% of the traded volume and 18.74% of the IPO size. Weighted average was 1620.34 and 1614.22 which was below the close of the day.
All in all a tepid listing and very clearly the controversy about FPI’s allowed to invest had killed all interest in the stock.
