IEX IPO GMP History
IEX IPO has been listed on October 23, 2017 at a listing price of ₹1500, against the issue price of ₹1650 — a loss of ₹150 (-9.09%). The GMP peaked at ₹102.5 on 11 October 2017 and reached a low of ₹12.5 on 22 October 2017. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
IEX IPO raised ₹1000.73 Cr. through its IPO at a price band of ₹1645 to ₹1650 per share, with a lot size of 9 shares. The IPO was open for subscription from 09 Oct 2017 to 11 Oct 2017.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 12 Nov, 3:11 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 22 Oct 2017 | ₹ 12.5 | — | 1% | — | — |
| 21 Oct 2017 | ₹ 12.5 | — | 1% | — | — |
| 20 Oct 2017 | ₹ 12.5 | — | 1% | — | — |
| 19 Oct 2017 | ₹ 12.5 | — | 1% | — | — |
| 18 Oct 2017 | ₹ 12.5 | — | 1% | — | — |
| 17 Oct 2017 | ₹ 12.5 | — | 1% | — | — |
| 16 Oct 2017 | ₹ 12.5 | ▼ | 1% | — | — |
| 14 Oct 2017 | ₹ 22.5 | — | 1% | — | — |
| 13 Oct 2017 | ₹ 22.5 | — | 1% | — | — |
| 12 Oct 2017 | ₹ 22.5 | ▼ | 1% | — | — |
| 11 Oct 2017 | ₹ 102.5 | — | 6% | — | — |
| 10 Oct 2017 | ₹ 102.5 | — | 6% | — | — |
| 09 Oct 2017 | ₹ 102.5 | — | 6% | — | — |
| 08 Oct 2017 | ₹ 102.5 | — | 6% | — | — |
| 07 Oct 2017 | ₹ 102.5 | — | 6% | — | — |
IEX IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 09 Oct 2017
- Close 11 Oct 2017
- Allotment 16 Oct 2017
- Refund/credit TBA
- Listing 23 Oct 2017
IEX IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹1650 |
|---|---|
| GMP-based estimate (pre-listing) | ₹1662 (+0.7%) |
| Listing gain / loss | −₹150 per share |
| Listing date | 23 Oct, 2017 |
| Actual listing price | ₹1500 (-9.09%) |
Is IEX IPO GMP reliable?
Grey market premium for IEX IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the IEX IPO full review for a fundamentals-based assessment before making any grey market trades.
IEX IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for IEX IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About IEX IPO
Indian Energy Exchange Limited is a power exchange offering trading in a range of electricity products in India. It has no identifiable promoter.
It is India's largest exchange in the electricity products trading category.
Its online trading platform is open to registered participants and supports efficient price discovery across a variety of electricity products.
The IPO was Rs 1,000.73 crore and was entirely an offer for sale at Rs 1,650, the top of the Rs 1,645 to Rs 1,650 band, so the company received no money.
Frequently asked
What is the GMP of IEX IPO?
The current Grey Market Premium (GMP) of IEX IPO is ₹ 12.5.
What is the Kostak Price of IEX IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for IEX IPO is not available.
What is the Subject to Sauda Price of IEX IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of IEX IPO?
IEX IPO listed on October 23, 2017 at ₹1500, against the issue price of ₹1650 — a loss of -9.09%.
How did the GMP of IEX IPO trend before listing?
The GMP of IEX IPO was stable in its final days before listing. The GMP peaked at ₹102.5 on 11 October 2017. View the day-wise table above for the complete GMP history.
Explore IEX IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
