IEX plans to raise Rs 1,001 crore through an initial share-sale offering. It has fixed a price band of Rs 1,645-1,650 per share for its public issue.
The issue by which the company is selling 60,65,009 shares or 20 per cent of the post-issue paid-up capital would be open for public subscription during October 9-11.
The IPO will see sale of equity shares by existing shareholders including Tata Power Company, private equity arm of Aditya Birla Group, Madison India Capital and Renuka Ramnath-led Multiples Alternate Asset Management. Besides, AF Holdings, Kiran Vyapar, Golden Oak (Mauritius) and IEX's former chief executive Jayant Deo, would offload shares in the public issue.
Axis Capital, Kotak Mahindra Capital Company and IIFL Holdings will manage the company's public issue.
IEX is India's first power exchange providing automated trading platform for electricity (for physical delivery) and renewable energy certificates.