IEX recoups losses to end 1.5% down on trading debut

The stock ended at Rs 1,625 compared to the initial public offering price of Rs 1,650

Shares of Indian Energy Exchange (IEX) ended 1.5 per cent lower than its issue price during its stock market debut on Monday. The stock had dropped as much as nine per cent, but managed to recoup most of the losses. The stock ended at Rs 1,625 compared to the initial public offering (IPO) price of Rs 1,650. It hit a low of Rs 1,500 and a high of Rs 1,660 on the National Stock Exchange (NSE), where Rs 540 crore worth of shares were traded. IEX is India’s largest power trading exchange. 

Market players said the stock rebounded from the