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.
»» Total Share Capital: Rs 5066.40 Cr
»» Face Value: 1 Per Equity Share
»» Buyback Offer Amount: Rs 69 Cr
»» Buyback Offer Size (In %): 1.23%
»» Buyback Number of Shares: 37.29 Lakhs
»» Buyback Price: Rs 185
»» Promoters and Promoter Group participation:No
»» Buyback type:Tender Offer
»» Can I Invest today to participate in Indian Energy Exchange Ltd buyback offer :No
In this section we have covered all imporatant 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.
|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 will give you a clear picture, how many retail investor holding Indian Energy Exchange Ltd shares, with this you can plan for participate in buyback offer. The less number of retail holding make more chance to get higher acceptance ratio in buyback under ratail category = higher profit.
|Holding Type||In %|
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
For Buy back shares holders are divided in 2 categories:
|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|
|KPR Mill||Tender Offer||Rs 263.3 Cr||702||19-06-2017||TBD||TBD||Wipro Ltd||Tender Offer||Rs 10500 Cr||325||21-06-2019||14-08-2019||28-08-2019||Adani Ports and Special Economic Zone Ltd||Tender Offer||Rs 1960 Cr||500||21-06-2019||TBD||TBD||Sasken Technologies Ltd||Tender Offer||Rs 169.88 Cr||850||05-07-2019||TBD||TBD||Welspun Corp Limited||Tender Offer||Rs 360 Cr||140||05-07-2019||TBD||TBD||Greaves Cotton Ltd||Tender Offer||Rs 240 Cr||175||12-07-2019||TBD||TBD||Eris Lifesciences Limited||Tender Offer||Rs 100 Cr||575||15-07-2019||TBD||TBD||BSE limited||Tender Offer||Rs 460 Cr||680||29-07-2019||TBD||TBD||Smartlink Holdings Ltd||Tender Offer||Rs 47.45 Cr||130||13-08-2019||TBD||TBD||Gandhi Special Tubes Ltd||Tender Offer||Rs 49.50 Cr||550||16-08-2019||TBD||TBD||Automobile Corporation of Goa||Tender Offer||Rs 19.98 Cr||600||TBD||TBD||TBD||NIIT Ltd||Tender Offer||Rs 335 Cr||125||TBD||TBD||TBD|
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Detail Article on Benefit from buyback offer >> ReadIndian 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?
The Record Date for Indian Energy Exchange Ltd Buyback offer - 15th Feb 2019
To participate in Indian Energy Exchange Ltd buyback offer, record date is 15th Feb 2019. Which means you should hold the Indian Energy Exchange Ltd share in your demat account by closing session of 15th Feb 2019. Share purchased on and before (15th Feb 2019) - 2 business days will be available in your demat account by 15th Feb 2019.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Let's assume if you have Indian Energy Exchange Ltd shares at Rs 161.70 and buyback offer price is Rs 185, you can get Rs 23.3 per accepted share. If you hold 1237 shares of Indian Energy Exchange Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 408 to 618 shares with the gain from buyback of Rs 9506 to Rs 14399.
The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.
|% Share Accepted||No of Shared Accepted||Gain from Buyback Offer|
Steps to participate in Indian Energy Exchange Ltd buyback:
Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.
Buyback opening date for Indian Energy Exchange Ltd: 22nd Mar 2019
Buyback closing date for Indian Energy Exchange Ltd: 4th Mar 2019
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by 6th Apr 2019.
As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 15th Apr 2019.
Money will be directly deposited in your registered bank account with broker. Usually money will be deposited on and after 15th Apr 2019, which is last date of settlement of bids on the Stock Exchange.
In case of physical share holding, you will get a cheque.
Rejected shares will be available in your demat account for trading in open market by 15th Apr 2019.
Use our unique Buyback Calculator, to calculate your final profit with leftout shares on current market price.
Last Updated on 2019-04-22T11:17:40+00:00