IEX buyback 2023 was introduced on November 18, 2022. The IEX buyback open date is January 11, 2023. IEX buyback document date shouldn’t be fastened as it’s an Open Market buyback supply. The investor can purchase the IEX shares earlier than the document date to get eligibility for the buyback.
IEX Buyback of ₹98 crores permitted by the board of administrators on the assembly was held on November 25, 2022. IEX Buyback shall be achieved through the Open Market route via the inventory change mechanism. The board of administrators of the corporate permitted the buyback by the Company of its absolutely paid-up fairness shares having a face worth of ₹1 every fairness share at a worth of ₹200 per Equity Share and for an mixture quantity not exceeding ₹98 crores from the shareholders. Check out IEX buyback 2023 particulars beneath:
Indian Energy Exchange is India’s premier power market, offering a nationwide automated buying and selling platform for the bodily supply of electrical energy, renewables, and certificates. More just lately, IEX has pioneered cross border electrical energy commerce increasing its energy market past India in an endeavor to create an built-in South Asian Power Market. IEX is powered by state-of-the-art, intuitive and buyer centric expertise, enabling environment friendly worth discovery and facilitating the benefit of energy procurement.
IEX has a strong ecosystem of 6,800+ individuals situated throughout 29 States and 5 Union Territories comprising of 55+ distribution utilities and 500+ typical mills. It additionally has a powerful base of 4400+ business and industrial shoppers representing industries akin to akin to steel, meals processing, textile, cement, ceramic, chemical substances, cars, information expertise industries, institutional, housing, and actual property, and business entities.
The Exchange has ISO Certifications for high quality administration, Information safety administration and environmental administration since August 2016 and is permitted and controlled by the Central Electricity Regulatory Commission and has been working since 27 June 2008. IEX presents varied compelling selections to commerce in – Electricity Market, Green Market and Certificates.
IEX Buyback History
- IEX Buyback 2019: IEX made a buyback in March 2022 for ₹69 Crores at ₹185 per share..
IEX buyback 2023 Dates
| Buyback Meeting Date: | November 25, 2022 |
| Buyback Announcement Date: | November 25, 2022 |
| Buyback Record Date: | Open Market |
| Buyback Open Date: | January 11, 2023 |
| Buyback Close Date: | July 10, 2023 |
| Finalization of Buyback Acceptance: | – |
IEX buyback 2023 Offer Details
IEX buyback of [.] fairness shares at a worth of ₹200 per fairness share. The buyback presents to not exceed ₹98 crores of the entire buyback supply dimension.
| Offer Amount: | ₹98 Crores |
| Number of Shares: | – Equity Shares |
| Face Value: | ₹1 per fairness share |
| Buyback Price: | ₹200 per fairness share |
| Listing: | BSE, NSE |
| Buyback Type: | Open Market |
| Letter of Offer: | Click Here |
IEX buyback 2023 Acceptance Ratio
The investor can purchase round 1000 shares at a present market worth of ₹150 (as of 25 November 2022). The calculation shall be ₹2,00,000 / ₹200 buyback worth = 1000 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹150,000 | 330 | ₹16,500 |
| 50% | ₹150,000 | 500 | ₹25,000 |
| 75% | ₹150,000 | 750 | ₹37,500 |
| 100% | ₹150,000 | 1000 | ₹50,000 |
IEX Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹297 | ₹54 | ₹178 |
| 2021 | ₹357 | ₹60 | ₹213 |
| 2022 | ₹478 | ₹62 | ₹303 |
How to Participate in IEX buyback 2023
The traders are eligible for the buyback scheme who’ve IEX shares of their Demat account because the buyback supply is an open market supply. Eligible Share Holders can take part within the IEX buyback 2023 scheme as per the opening type by promoting their shares. The cost shall be given as per the accepted shares by the corporate underneath the IEX buyback scheme.
IEX buyback 2023 Registrar
KFin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Website: https://karisma.kfintech.com/
IEX buyback 2023 Lead Managers
IEX Company Address
Indian Energy Exchange Ltd
First Floor, Unit No. 1.14(a),
Avanta Business Centre, Southern Park,
D-2, District Centre, Saket, New Delhi – 110017
Phone: 0120 – 4648100
Email: [email protected]
Website: https://www.iexindia.com/default.aspx
How to Apply the IEX Buyback via Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “IEX”. Click on Place Order. Enter your Quantity and submit IEX Buyback Application Form.
How to Apply the IEX Buyback via Upstox?
Log in to Upstox Application together with your credentials. Select the IEXount Section. You will see the Company Name “IEX”. Click on IEX Stock for Buyback. Enter your Quantity and submit IEX Buyback Application Form.
How to Apply the IEX Buyback via Paytm Money?
Log in to Paytm Money Application together with your credentials. Select the IEX. Enter your Quantity and submit IEX Buyback Application Form.
IEX buyback 2023 FAQs
When is IEX buyback 2023 Record Date?
IEX buyback 2023 document date is Open Market Offer.
When is IEX buyback 2023 Open Date?
What is IEX buyback 2023 Price?
How to use for IEX buyback 2023?
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– Source : IPOWATCH