Indian Energy Exchange shares plunge 9% in debut trade
Shares of Indian Energy Exchange
(IEX) made a weak debut at the bourses today, falling 9 per
cent, against the issue price of Rs 1,650.
The stock listed at Rs 1,500, down 9 per cent from the
issue price on BSE.
On NSE too it debuted at Rs 1,500.
In terms of equity volume, 4.68 lakh shares of the
company were traded on BSE and over 26 lakh shares changed
hands on NSE during the morning trade.
The company's market valuation stood at Rs 4,940.53
The initial public offer of IEX was over-subscribed 2.23
times during October 9-11.
The price band for the offer was fixed at Rs 1,645-1,650
Axis Capital, Kotak Mahindra Capital Company and IIFL
Holdings managed the company's public issue.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.