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  • BSE SENSEX
    1. 1443442
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  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • Last Update:09 Nov,2017
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    1. 1443442
    2. -965.56
    3. 1443 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • Last Update:09 Nov,2017
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India Energy Exchange Ltd April 10, 2015 (12:00)

Issue Period
Oct 09 , 2017 - Oct 11, 2017

Price Band
Rs.1,645 – Rs.1,650 per Equity Share

It is largest exchange for the trading of a range of electricity products in India (our “Exchange”), in terms of traded contract volumes in the financial year 2017 according to the Central Electricity Regulatory Commission (the “CERC”).

It is one of two exchanges in India that offer an electronic platform for the trading of electricity products and have a substantial majority market share among the power exchanges in India. The DAM constitutes the substantial majority of the energy contracts that are traded on our Exchange.

INVEST NOW

+91

MAS Financial Services Limited IPO - Issue Details:

Issuer India Energy Exchange Limited (View Report)
Issue Type 100% Book Built Issue IPO
Issue Period Issue Opens: Oct 09, 2017
Issue Closes: Oct 11, 2017
Price Brand Rs.1,645 – Rs.1,650 per Equity Share
Issue Size(Rs.) Rs.998 -1,001 Cr
Face Value Rs.10 per Equity Share
Minimum Order Quantity Retail: 9 Shares and in multiples thereof
QIB* 50% of the issue size (3,032,503Equity Shares)^
NIB 15% of the issue size(909,752Equity Shares)^
Retail Individual Bidders 35% of the issue size (2,122,754Equity Shares)^
Registrar Link Intime India Pvt Limited
Listing NSE & BSE
Book Running Lead Managers Kotak Investment Banking, Axis Capital, IIFL Holdings Ltd

Karvy View

At standalone entity level, MAS Financial Services Limited has been consistently recording CAGR growth of 25% in revenue and the net profit growth has also been impressive at 26% CAGR growth during FY13-FY17. During the same period, MAS has consistently witnessed PAT margin of more than 19%. The IPO will infuse more capital compared to the existing capital and this will further add financial muscle which is expected to aid in healthy loan book growth going ahead. With GNPA & NNPA levels within limits of 1.17 & 0.99 respectively as on 30, Sep 2017, superior asset quality is major positive for the company. With the management’s decision to venture into high growth agri-input segment, MAS is expected to enjoy higher profitability margins. Considering the greater market penetration, better operating efficiency, niche focus, customized product offerings, strong financials, robust return ratios and a well cushioned capital adequacy ratio of 23.8 with a Tier-1 capital of 18.5 as on 30, Sep 2017, MAS valuation looks reasonable and we rate 3 out of 5 rating for the IPO.

Objects of the IPO:

  • The objects of the Offer are to achieve the benefits of listing Equity Shares on the Stock Exchanges and to carry out the Offer for Sale of60,65,009 Equity shares.
  • General corporate purposes

Key Strategies:

  • Market development to encourage trading of power over exchanges
  • Attract new participants and increase trading activity on our Exchange
  • Expand into new geographic markets
  • Develop new products and services
  • Focus on technology including increasing connectivity to our trading platform

Public issue of 60,65,009 equity sharesof Rs. 10/-each (“equity shares”) of India Energy Exchange Ltd (Company or Issuer).


  • News

    • +MARKET COMMENTARY
      1. Market drifts higher in early trade
      2. Market may open on a flat note
      3. Select shares in spotlight on MSCI index rejig
      4. Market tumbles on broad-based selling pressure
      5. Market drops sharply ahead of Q2 GDP data
    • +CORPORATE ANNOUNCEMENTS
      1. Market drifts higher in early trade
      2. Market may open on a flat note
      3. Select shares in spotlight on MSCI index rejig
      4. Market tumbles on broad-based selling pressure
      5. Market drops sharply ahead of Q2 GDP data
    • +OTHER NEWS
      1. Market drifts higher in early trade
      2. Market may open on a flat note
      3. Select shares in spotlight on MSCI index rejig
      4. Market tumbles on broad-based selling pressure
      5. Market drops sharply ahead of Q2 GDP data
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