IEX Buyback 2023 Record Date, Price & Ratio Details – IPO Watch


Buy back IEX 2023 was announced on November 18, 2022. The IEX The opening date for the buyback is January 11, 2023. repurchase IEX the record date is not set as it is an open market repurchase offer. Investor should purchase IEX Shares prior to the Record Date to be eligible for repurchase.

IEX buyback of 98 million rubles approved by the board of directors at the meeting held on November 25, 2022. The buyback of IEX will be done through the Open Market through the stock exchange mechanism. The company’s board of directors approved the company’s repurchase of its fully paid-up capital shares with a face value of ₹1 each share of capital aa price of ₹200 per equity share and for a total amount not exceeding 98 million rupees from the shareholders. Check out IEX repurchase 2023 details below:

Indian Energy Exchange is India’s leading energy marketplace, providing a nationwide automated trading platform for the physical delivery of electricity, renewables and certificates. More recently, IEX has pioneered cross-border electricity trading by expanding its power market beyond India in an effort to create an integrated South Asian electricity market. IEX is powered by state-of-the-art, intuitive and customer-centric technology that enables efficient price discovery and ease of purchasing energy.

IEX has a robust ecosystem of over 6,800 participants located in 29 states and 5 Union Territories that includes over 55 distribution companies and over 500 conventional generators. It also has a strong base of over 4400 commercial and industrial consumers representing industries such as metal, food processing, textile, cement, ceramics, chemical, automotive, information technology industries , institutional industries, housing and real estate and commercial entities.

The exchange has ISO certifications for quality management, information security management and environmental management since August 2016 and is approved and regulated by the Central Electricity Regulatory Commission and has been operating since of June 27, 2008. IEX offers several attractive options for trading: electricity market, Green Market and Certificates.

IEX buyback history

  • IEX Buyback 2019: IEX did a buyback in March 2022 for ₹69 crore at ₹185 per share.

IEX 2023 buyback dates

Buyback meeting date: November 25, 2022
Buyback announcement date: November 25, 2022
Repurchase registration date: Open Market
Redemption opening date: January 11, 2023
Purchase closing date: July 10, 2023
Completion of buyback acceptance:
IEX 2023 repurchase provisional time table

Details of the IEX 2023 buyback offer

Buy IEX from [.] equity shares at a price of ₹200 per equity share. The buyback offers not to exceed 98 million rubles of the total size of the repurchase offer.

Bid Amount: ₹98 crores
Number of shares: Equity shares
Apparent value: ₹1 per capital share
Buyback price: ₹200 per capital share
List: BSE, NSE
Repurchase Type: Open Market
Letter of offer: Click here

IEX 2023 Repurchase Acceptance Ratio

The investor should buy about 1,000 shares at a current market price of ₹150 (as of 25 November 2022). The calculation will be ₹2,000,000 / buyback price of ₹200 = 1,000 shares.

Acceptance ratio investment Buyback of shares benefit
33% ₹150,000 330 ₹16,500
50% ₹150,000 500 ₹25,000
75% ₹150,000 750 ₹37,500
100% ₹150,000 1000 ₹50,000

Financial report of the IEX

₹ in Crores
course income expense PAT
2020 ₹297 ₹54 ₹178
2021 ₹357 ₹60 ₹213
2022 ₹478 ₹62 ₹303

How to participate in the IEX 2023 buyback

Investors holding IEX shares in their Demat account are eligible for the buyback scheme as the buyback offer is an open market offer. Eligible share holders can participate in the IEX 2023 buyback scheme as per the opening form by selling their shares. The payment will be made according to the shares accepted by the company under the IEX buyback scheme.

IEX 2023 repurchase registration

KFin Technologies Limited
KFintech, Tower-B, plots no. 31 and 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Telephone: 04067162222, 04079611000

IEX 2023 Buyback Lead Managers

Address of the company IEX

Indian Energy Exchange Ltd
First floor, unit no. 1.14(a),
Avanta Business Centre, Southern Park,
D-2, District Centre, Saket, New Delhi – 110017
Telephone: 0120 – 4648100
E-mail: [email protected]how

How to apply IEX buyback through Zerodha?

Log in to the console on the Zerodha website or app. Go to Portfolio and click on Corporate Shares. You will see the company name “IEX”. Click Place Order. Enter your amount and submit the IEX Redemption Request Form.

How to apply IEX buyback using Upstox?

Log in to the Upstox app with your credentials. Select the IEXount section. You will see the company name “IEX”. Click on IEX Stock for repurchase. Enter your amount and submit the IEX Redemption Request Form.

How to apply IEX buyback using Paytm Money?

Login to Paytm Money app with your credentials. Select the IEX. Enter your amount and submit the IEX Redemption Request Form.

Frequently asked questions about IEX 2023 buyback

When is the record date for the IEX 2023 buyback?

IEX 2023 repurchase record date is Open market offer.

When is the opening date for the IEX 2023 buyback?

The opening date of the IEX 2023 buyback is January 11, 2023.

What is the IEX 2023 repurchase price?

The company has set the price a ₹200 per share.

How to apply for the IEX 2023 buyback?

As per registration date you must have IEX shares in your Demat account. You can participate in the buyback after holding the shares in your account.

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