Indian Energy Exchange Ltd has set a price range of Rs 1,645-Rs 1,650 per share for its initial public offering that opens on October 9, to raise up to Rs 1001 crore, according to a public notice on Friday.
Shareholders of the electricity exchange are selling a little over 6 million shares, or 20 percent of the post-issue paid-up capital, in the IPO that closes for subscription on Oct. 11.
Axis Capital, Kotak Mahindra Capital and IIFL Holdings are managing the sale.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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