Indian Energy Exchange makes tepid debut; ends 1% lower than issue price

The IPO was the first by a power exchange in the country

Shares of Indian Energy Exchange (IEX) made a weak debut on the bourses on Monday and ended over 1 per cent lower against the issue price of Rs 1,650.

The stock listed at Rs 1,500, down 9 per cent from the issue price on BSE. It finally closed the trading session at Rs 1,626.45, a loss of 1.42 per cent.
 

On NSE, it settled at Rs 1,629.15, down 1.26 per cent from the issue price.

In terms of equity volume, 6.05 lakh shares of the company were traded on BSE and over 33 lakh shares changed hands at NSE during the day.

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