IEX IPO oversubscribed 2.28 times

IEX IPO oversubscribed 2.28 times

www.newsbarons.com

The IPO of Indian Energy Exchange was oversubscribed 2.28 times, according to NSE data.

The IPO has received bids for 1,20,46,203 shares shares as against issue size of 52,75,889 shares, as per NSE data.

The company plans to raise Rs 1,000 crore through its IPO.

The company has fixed the price band of Rs 1,645- 1,650 per share for the issue.

The BRLMs to the Offer are Axis Capital Limited, Kotak Mahindra Capital Company Limited and IIFL Holdings Limited.