IEX Buyback 2023 Details

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IEX is the country’s first and biggest automated trading platform for physical electricity distribution. The Renewal Energy Certificate (REC) and Energy Saving Certificate (ESC) markets are conducted by Indian Energy Exchange (IEX), which holds a licence from the Central Electricity Regulatory Commission (CERC) (ESCerts). The company’s primary business is providing an automated platform and infrastructure for trading in electricity units for the actual delivery of electricity. 

The exchange, which has more than 7,300 registered users from 36 States and Union Territories, promotes effective price discovery, expands the electricity market’s accessibility and transparency, and speeds up trade execution. 57 distribution firms, more than 620 power producers, and more than 4645 open access users are among its partners. 

IEX Share Buyback 2023 Details 

Buyback Dates 11 January – 10 July 2023 
IEX Buyback Price  INR 200 per share 
Market Price on Buyback Approval INR 150.40 per share 
Buyback Premium on Market Price 32.98% 
Buyback Offer Size (Shares) 49,00,000 shares 
Buyback offer as % of total shares 0.55% 
Buyback Offer Size (Amount) INR 98 crore 
Offer Type Open Market 
Promoter Participation No 
Face Value  INR 1 per share 
Listing At BSE, NSE 
Dhanuka Agritech Buyback 2023 Details

IEX Buyback Dates  

Board Meeting for Buyback Proposal 25 November 2022 
Buyback Approval Date 25 November 2022 
Public Announcement of Buyback 3 January 2023 
IEX Buyback Record Date Not Applicable 
Buyback Opening Date 11 January 2023 
Buyback Closing Date 10 July 2023 
Cut-off Date to receive completed tender forms by Registrar Coming soon 
Verification Date by the Registrar Coming soon 
Return of unaccepted shares by Registrar Coming soon 
Extinguishment of accepted shares Coming soon 

Objects of the Issue 

The Buyback is being undertaken for the following reasons: 

  1. The Buyback gives the Company an opportunity to distribute surplus cash to its shareholders. 
  1. The buyback may help in improving return on equity and other financial ratios, by a reduction in the equity base, thereby leading to a long-term increase in shareholders’ value. 
  1. The buyback gives an option to the existing equity shareholders to participate in the Buyback and receive cash in lieu of equity shares. 

IEX Financial Performance 

 FY 2020 FY 2021 FY 2022 
Total Income 257.03 317.11 425.55 
Total Expenses 54.12 59.73 61.95 
Net income 177.92 213.49 302.51 

IEX Buyback 2022 Documents

Offer Letter
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

Company Contact Information

Indian Energy Exchange Ltd
First Floor, Unit No. 1.14(a),
Avanta Business Centre, Southern Park,
D-2, District Centre, Saket, New Delhi – 110017

Phone: 0120 – 4648100

Indian Energy Exchange Buyback Registrar

  1. KFin Technologies Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India – 500 032.

    Phone: 04067162222, 04079611000

Indian Energy Exchange Buyback Manager

Lead Manager(s)

  1. IIFL Securities Ltd


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