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Indian Energy Exchange makes weak debut; lists 9% below issue price

IEX listed at Rs 1,500, a 9% below its issue price of Rs 1,650 on the NSE and the BSE

FTIL sells remaining 11% stake to exit Indian Energy Exchange
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SI Reporter Mumbai
Indian Energy Exchange (IEX) has made a weak debut on the bourses by listing at Rs 1,500, a 9% below its issue price of Rs 1,650 on the National Stock Exchange (NSE) and the BSE (Bombay Stock Exchange).

However, the stock recovered and was trading at Rs 1,636, a 9% higher against its listing price. It hit high of Rs 1,640 and Rs 1,649 on NSE and BSE respectively. A combined 1.27 million shares changed hands on the counter on the BSE and NSE till 10:08 AM.

IEX, India’s largest energy exchange, had set a price band of