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Indian Energy Exchange IPO subscribed 2.2 times

The Rs 1,000-cr IPO of IEX, an online power trading platform, witnessed more than two times demand for the shares on offer

BS Reporter 

Indian Energy Exchange IPO subscribed 2.2 times

The Rs 1,000-crore initial public offering (IPO) of (IEX), an online power trading platform, witnessed more than two times demand for the shares on offer.  

The retail and institutional portions were subscribed over two times, while the demand in the high net worth individual category was tepid. IEX's was entirely an offer-for-sale by existing shareholders, including Renuka Ramnath-led Multiples Private Equity

First Published: Thu, October 12 2017. 00:33 IST
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