Indian Energy Exchange Ltd IEX Buyback Dec 2018

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About Indian Energy Exchange Ltd (IEX)

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 -

  • DAM (Day Ahead Market) – Can Transact Electricity one day prior of delivery in 15 Minutes blocks.
  • TAM (Term Ahead Market) – Buying and selling of electricity up to 11 days duration.
  • RECs (Renewable Energy Certificates) – Renewable energy generators can get certificate for Renewable energy and sell the same to companies to cover their Renewable Purchase Obligations (RPO).
  • ESCerts (Energy Saving Certificates) - ESCerts are the tradable certificates under the Perform, Achieve, Trade (PAT) Scheme of Bureau of Energy Efficiency (BEE), a market-based mechanism to incentivise energy efficiency in large energy-intensive industries. 

What is the Indian Energy Exchange Ltd (IEX) share buyback offer?

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.

Indian Energy Exchange Ltd Buyback Offer Details

      »»   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

Indian Energy Exchange Ltd Buyback Important Dates

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.

    Indian Energy Exchange Ltd buyback offer important dates
    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

Indian Energy Exchange Ltd Share Holding Pattern as of June 2018

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 %
    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

Indian Energy Exchange Ltd Ratio of Buyback

    For Buy back shares holders are divided in 2 categories:

    • Reserved category for Small Shareholders ("Reserved Category") - Who holds Max Rs 2 Lakhs worth of shares @Rs 161.70 per equity share - in such case Max 1236 Equity Shares as of Record Date 15th Feb 2019.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Indian Energy Exchange Ltd Ratio of Buy Back

    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%

Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.

Post buyback comments Indian Energy Exchange Ltd

    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%.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
KPR MillTender OfferRs 263.3 Cr70219-06-2017TBDTBD
Wipro LtdTender OfferRs 10500 Cr32521-06-201914-08-201928-08-2019
Adani Ports and Special Economic Zone LtdTender OfferRs 1960 Cr50021-06-2019TBDTBD
Sasken Technologies LtdTender OfferRs 169.88 Cr85005-07-2019TBDTBD
Welspun Corp LimitedTender OfferRs 360 Cr14005-07-2019TBDTBD
Greaves Cotton LtdTender OfferRs 240 Cr17512-07-2019TBDTBD
Eris Lifesciences Limited Tender OfferRs 100 Cr57515-07-2019TBDTBD
BSE limitedTender OfferRs 460 Cr68029-07-2019TBDTBD
Smartlink Holdings Ltd Tender OfferRs 47.45 Cr13013-08-2019TBDTBD
Gandhi Special Tubes LtdTender OfferRs 49.50 Cr55016-08-2019TBDTBD
Automobile Corporation of GoaTender OfferRs 19.98 Cr600TBDTBDTBD
NIIT LtdTender OfferRs 335 Cr125TBDTBDTBD

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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?

Indian Energy Exchange Ltd buyback FAQ

  • What is the record date for 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.

  • How much I can make with Indian Energy Exchange Ltd buyback?

      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.

      Indian Energy Exchange Ltd Buyback Profit Calculation

      % Share Accepted No of Shared Accepted Gain from Buyback Offer
      33% 408 Rs 9506
      50% 618 Rs 14399
      75% 928 Rs 21622
      100% 1237 Rs 28822
  • How to Participate in Indian Energy Exchange Ltd buyback?

      Steps to participate in Indian Energy Exchange Ltd buyback:

      1. On Record date (15th Feb 2019) you must have share of Indian Energy Exchange Ltd in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
      2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
      3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.
  • How many Indian Energy Exchange Ltd share are eligible for 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.

  • When I need to tender Indian Energy Exchange Ltd share?

        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.

  • When I will know how much shares accepted in Indian Energy Exchange Ltd buyback offer?

      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.

  • How and when will I get money for accepted shares of Indian Energy Exchange Ltd buyback?

        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.

  • What will happen to rejected shares of Indian Energy Exchange Ltd buyback offer?

        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.

Company Contact Information

Indian Energy Exchange Ltd
Unit No.3, 4, 5 & 6,
Fourth Floor,,TDI Centre, Plot No.7,
New Delhi -Delhi -110025
Website: http://www.iexindia.com

Registrar Contact Information

Karvy Fintech Pvt. Ltd.
Plot No. 17-24,
Vittal Rao Nagar,
Madhapur, Hyderabad - 500081
Telangana
Website: http://www.karvy.com
Request call back from

Last Updated on 2019-04-22T11:17:40+00:00

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