Indian Energy Exchange makes tepid debut, lists at 9% discount to issue price
Shares of Indian Energy Exchange (IEX) made a tepid debut on BSE on Monday, as the scrip got listed at Rs 1,500, a 9.09 per cent discount to its issue price of Rs 1,650.
The stock has been admitted to the ‘B’ group of securities on the exchange. At the issue price of Rs 1,650, the stock was valued at 43.5 times FY17 EPS.
The issue, which was sold between October 9 and October 11, had been subscribed 2.28 times. The company, which sold the shares in the price range betwe ..