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.)