Indian Energy Exchange IPO To Open On October 9

Indian Energy Exchange Ltd has set a price range of Rs. 1,645-Rs. 1,650 per share for its initial public offering that opens on October 9, to raise up to Rs. 1001 crore, according to a public notice on Friday.

Shareholders of the electricity exchange are selling a little over 6 million shares, or 20 percent of the post-issue paid-up capital, in the IPO that closes for subscription on Oct. 11.

Axis Capital, Kotak Mahindra Capital and IIFL Holdings are managing the sale.