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Incorporated in 2008, IEX (INDIAN ENERGY EXCHANGE LIMITED) is in prower trading business and ranked as number on power trading platform. The Company is providing an automated trading platform for physical delivery of electricity.
The Company has 4 major products -
Dec 20, 2018: Indian Energy Exchange Ltd (BSE:540750 | NSE:IEX) board has approved a proposal for buyback of up to 37.29 lakhs shares at Rs 189 per share, aggregating Rs 69 Cr (Buyback Offer Size) which is 1.23% of total paid-up equity share capital.
Below is the complete details about Indian Energy Exchange Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 69 Cr |
| Buyback Number of Shares: | 37.29 Lakhs |
| Buyback Price: | Rs 185 |
| Buyback Offer Size (In %): | 1.23% |
| Total Share Capital: | Rs 5066.40 Cr |
| Face Value: | 1 Per Equity Share |
Can I Invest today to participate in Indian Energy Exchange Ltd buyback offer? No
In this section we have covered all important dates related to Indian Energy Exchange Ltd Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 20th Dec 2018 |
| Buyback Approval date | 20th Dec 2018 |
| Public Announcement of Buyback | 20th Dec 2018 |
| Record Date | 15th Feb 2019 |
| Buyback opens on/Buyback Opening Date | 22nd Mar 2019 |
| Buyback closes on/Buyback Closing Date | 4th Mar 2019 |
| Cut-off date to receive completed tender forms by Registrar | 6th Apr 2019 |
| Cut-off date for verification by the Registrar | 12th Apr 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
12th Apr 2019 |
| Last date of settlement of bids on the stock exchange | 15th Apr 2019 |
| Last date to return unaccepted shares by Registrar | 15th Apr 2019 |
| Last date of extinguishment of Equity Shares | 22nd Apr 2019 |
Stock Holding table gives a clear picture on retail investor holdings of Indian Energy Exchange Ltd shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 0.0% |
| Promoter-Indian | 0.0% |
| Non-Promoter-Institutions | 46.71% |
| Non-Promoter-Non-Institutions | 53.05% |
Indian Energy Exchange Ltd Public Announcement >>Document
Indian Energy Exchange Ltd Draft Letter of Offer >>Document
Indian Energy Exchange Ltd Letter of Offer >>Document
Indian Energy Exchange Ltd Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 19 Equity Share out of every 261 fully paid-up Equity Share held on the Record Date. | 7.28% |
| General Category | 4 Equity Share out of every 373 fully paid-up Equity Share held on the Record Date. | 1.07% |
For Indian Energy Exchange Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 1432.12%, No. of Equity Shares reserved in Buyback was 3170269 where valid bid received for retail category was 45401972 which is 1432.12% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 338.93%, No. of Equity Shares reserved in Buyback was 559460 where valid bid received for retail category was 1896188 which is 338.93%. Final Acceptance Ratio for Retail Investors was 7.28%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 966.40 (-1.91%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 180.00 (6.48%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 299.20 (1.00%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 460.95 (-0.25%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
Indian Energy Exchange Ltd Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Indian Energy Exchange Ltd? How can I apply in Indian Energy Exchange Ltd Buyback offer?Last Updated on 2019-04-22T11:17:40+00:00
