IEX Share Price, Stock Analysis & Company Profile

Indian Energy Exchange Limited (IEX) is the premier energy exchange in India, providing a nationwide, automated trading platform for the physical delivery of electricity, renewable energy, and energy certificates. As a first-mover in the sector, IEX has revolutionised the way power is traded in India, bringing transparency, efficiency, and competitive price discovery to the energy ecosystem. 

This page is designed to help investors track the IEX share price, perform a detailed Indian Energy Exchange share price analysis, and access a professional IEX stock analysis.

About Indian Energy Exchange Limited

Incorporated in 2007 and commencing operations in 2008, IEX is regulated by the Central Electricity Regulatory Commission (CERC). Headquartered in New Delhi, the exchange provides a neutral platform for diverse participants, including State Electricity Boards, power producers (Gencos), and industrial consumers.

By digitising the power market, IEX has shifted the industry away from long-term, rigid bilateral contracts toward a flexible, market-driven model. It currently commands a dominant market share of over 85% in the Indian power exchange market, making it an indispensable part of the country's power infrastructure.

IEX Business Model

IEX operates on a high-margin, asset-light business model. Its revenue streams are primarily transactional and recurring:

1. Transaction Fees:
The exchange earns a fee for every unit of electricity or certificate traded on its platform. As India's energy demand grows, increasing volumes directly translate to higher revenue.

2. Admission and Annual Fees:
New members pay one-time admission fees, while existing members pay annual subscription charges to maintain access to the trading platform.

3. Diversified Segments:

• Day-Ahead Market (DAM): A physical electricity trading market for delivery the next day.

• Real-Time Market (RTM): Launched in 2020 to allow participants to meet their power requirements within an hour.

• Green Market: Includes the Green Day-Ahead and Green Term-Ahead markets for renewable energy.

• Certificates: Trading of Renewable Energy Certificates (RECs) and Energy Saving Certificates (ESCerts).

4. Subsidiaries:
Its associate company, Indian Gas Exchange (IGX), is India's first automated national-level gas trading platform, further diversifying IEX's footprint into the gas economy.

IEX IPO and Listing Information

The IEX IPO was a significant event as it brought the first energy exchange to the Indian stock markets.

• Listing Year: 2017
• IPO Listing Date: 23 October 2017
• IPO Price: Rs 1,650 per share
• Listing Price: Rs 1,500 per share (BSE)
• Listing Performance: The stock debuted at a discount of approximately 9% but saw significant long-term interest due to its unique monopoly status.
• Face Value: Rs 10 per share (at IPO)
• ISIN: INE022Q01020
• Listing Exchanges: NSE and BSE
• NSE Symbol: IEX
• BSE Scrip Code: 540750

IEX Corporate Action History

IEX has been highly active in rewarding its shareholders through various corporate actions, particularly stock splits and bonus issues to enhance market liquidity.

Stock Split History

• 2018: The bank executed its first split, where the face value was reduced from Rs 10 to Rs 1 per share.
• Ex-Date: 19 October 2018

Bonus Share History

• 2021: IEX issued bonus shares in the ratio of 2:1 (two bonus shares for every one share held).
• Ex-Date: 3 December 2021

Dividend Policy

IEX is a consistent dividend-paying company, reflecting its robust cash flow generation.

• FY 2025-26: The Board recommended an interim dividend of Rs 1.50 per share (150%) in January 2026.
• Historical Trend: The company typically maintains a healthy payout ratio, with regular interim and final dividends declared throughout the financial year.

Investor Resources Available on This Page

Retail investors can find a comprehensive suite of data on this page to conduct their own IEX stock analysis:

• Price Chart: Visualise the long-term trends and movements of the IEX share price. (data delayed by 15 minutes)

• Company Ratios: Evaluate performance using updated metrics like P/E ratio, Debt-to-Equity, ROE, and ROCE.

• Quarterly Results & Balance Sheet: Track the latest income statements and the company’s financial position.

• Annual Reports: Download official annual filings and investor presentations for deep insights into the "Green Energy" roadmap.

• Cash Flow Statements: Analyse how the company generates and spends its cash.

• Shareholding Pattern: Monitor the stakes held by promoters, Foreign Institutional Investors (FIIs), and Mutual Funds.

• Pros & Cons: A simplified summary of the company’s competitive advantages and potential regulatory risks.

Frequently Asked Questions (FAQs)

Q1. What is the latest IEX share price?
The updated price is displayed at the top of this page. Note that the price chart and values are subject to a 15-minute delay from the exchanges.

Q2. When did IEX issue its last bonus shares?
IEX last issued bonus shares in December 2021 in a 2:1 ratio.

Q3. Is IEX a debt-free company?
Yes, IEX maintains a virtually debt-free balance sheet, which is a key highlight in its financial analysis.

Q4. What is the face value of IEX shares?
The current face value of IEX equity shares is Rs 1 per share, following the stock split in 2018.

Q5. Does IEX have a monopoly in India?
IEX is a dominant leader with over 85% market share in the power exchange segment, although it faces competition from newer exchanges like HP-X and PXIL.

Q6. What is the Indian Gas Exchange (IGX)?
IGX is an associate company of IEX and is India's first delivery-based IT-enabled gas exchange, aimed at promoting a gas-based economy.

Q7. Where can I find IEX's quarterly results?
Detailed quarterly performance data is available in the "Quarterly Results" table on this page.