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Indian Energy Exchange Ltd

IEX Share Price

191.330.86% (+1.63)

IEX Share Price Chart

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UtilitiesPower Trading & Consultancy
SmallcapWith a market cap of ₹16,869 cr, stock is ranked 367
Moderate RiskStock is 2.49x as volatile as Nifty

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UtilitiesPower Trading & Consultancy
SmallcapWith a market cap of ₹16,869 cr, stock is ranked 367
Moderate RiskStock is 2.49x as volatile as Nifty

IEX Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
41.2717.351.32%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
21.453.241.35%

IEX Analyst Ratings & Forecast

Detailed Forecast 
75%
Analysts have suggested that investors can buy this stock

from 8 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

IEX Company Profile

Indian Energy Exchange operates as a power exchange. It offers an online electricity trading platform for trading, clearing, and settlement operations.

Investor Presentation

View older 

Jan 23, 2025

PDF
View Older Presentations

IEX Similar Stocks (Peers)

Compare with peers 
PE Ratio
14.87
1Y Return
38.20%
Buy Reco %
100.00
PE Ratio
11.16
1Y Return
21.24%
Buy Reco %
100.00
PE Ratio
2,825.57
1Y Return
43.98%
Buy Reco %
PE Ratio
76.89
1Y Return
4.10%
Buy Reco %
Compare with Peers
IEX Sentiment Analysis
New
Crisp summary & key insights to decode earnings calls instantly

IEX Stock Summary · January 2025

In Q3 FY '25, the company demonstrated robust financial health with a 13.7% year-on-year revenue growth, despite facing challenges such as rising gas prices and regulatory hurdles in coal trading. Electricity demand remained resilient, reflecting a 3% increase, while the Renewable Energy Certificate market surged by 158%, indicating strong market engagement. Management expressed optimism about future growth, driven by government initiatives to enhance power infrastructure and the anticipated launch of new trading models like the Green RTM. However, the transition to centralized scheduling under Market-Based Economic Dispatch faces resistance, highlighting the complexities of market dynamics. Overall, the company is well-positioned to capitalize on emerging opportunities in the evolving energy landscape.

Key Points on Iex Stock
IEX Stock Growth Drivers
6
  • Operational Performance and Growth

    In Q3 FY '25, the Indian Energy Exchange (IEX) reported a significant operational performance with

  • Regulatory Developments and Market Enhancements

    Recent regulatory updates are expected to enhance market liquidity and operational efficiency. Amendments to the

IEX Stock Challenges
5
  • Decline in Real-Time Market Performance

    The Real-Time Market (RTM) has experienced a decline, particularly noted in Q3, attributed to lower

  • Challenges in Demand Forecasting and Market Dynamics

    There are significant challenges in accurately forecasting demand and supply dynamics for the Indian Energy

IEX Forecasts

Price

Revenue

Earnings

IEX

Income

Balance Sheet

Cash Flow

IEX Income Statement

Industry refers to the sub-sector this company belongs to.
Higher than Industry Revenue Growth
A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 13.81%, vs industry avg of 8.71%

Increasing Market Share
Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 1.89% to 2.34%

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Financial YearFY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue294.16297.40356.23491.83487.35561.74644.54
Raw Materialssubtract0.000.000.000.000.000.0079.37
Power & Fuel Costsubtract0.460.500.290.190.200.18
Employee Costsubtract24.8333.2344.3841.7634.6539.01
Selling & Administrative Expensessubtract19.2215.1716.7312.5515.5714.62
Operating & Other expensessubtract6.756.075.8212.8814.0618.48
Depreciation/Amortizationsubtract10.4215.2416.5117.2318.5920.4721.20
Interest & Other Itemssubtract0.731.572.051.972.462.832.72
Taxes & Other Itemssubtract66.7149.9064.3695.9995.94115.36132.50
EPS1.821.952.303.453.433.944.60
DPS0.000.831.332.501.002.502.50
Payout ratio0.000.430.580.720.290.630.54

IEX Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2023

Annual report

PDF

Investor Presentation

May 25PDF
Jan 20PDF
Oct 21PDF
+2 more
FY 2024

Annual report

PDF

Investor Presentation

Aug 7PDF
Jul 27PDF
FY 2025

Annual Report Pending

Investor Presentation

Jan 23PDF
Oct 24PDF
Sep 11PDF
 

IEX Past Performance & Peer Comparison

Comparing 3 stocks from 
UtilitiesPower Trading & Consultancy

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Indian Energy Exchange Ltd48.0917.351.32%
Rattanindia Enterprises Ltd14.877.50
PTC India Ltd11.160.884.34%
Fischer Medical Ventures Ltd2,825.5763.75

IEX Stock Price Comparison

Compare IEX with any stock or ETF
Compare IEX with any stock or ETF
IEX
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IEX Shareholdings

IEX Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

IEX Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

IEX Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding0.00%28.14%6.01%16.12%49.73%

Jun 2024

Sep 2024

Dec 2024

Mar 2025

IEX Shareholding History

Dec '23MarJunSepDec '24Mar13.37%10.90%11.67%15.66%16.24%16.12%

Mutual Funds Invested in IEX

Increased Mutual Fund Holding
Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 1.52%

Top 5 Mutual Funds holding Indian Energy Exchange Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
4.6062%0.83%-0.09%23/150 (0)
2.2412%1.23%0.06%54/69 (-2)
1.8027%0.80%-0.01%28/94 (-4)

Compare 3-month MF holding change on Screener

IEX Insider Trades & Bulk Stock Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases containing IEX stock

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Indian Energy Exchange Ltd

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Zero Debt

Zero Debt

Created by Windmill Capital

IEX's Wtg.
8.33%
CAGR
16.29%
Digital Inclusion

Digital Inclusion

Created by Windmill Capital

IEX's Wtg.
6.71%
CAGR
6.63%
Energy Tracker

Energy Tracker

Created by Windmill Capital

IEX's Wtg.
8.69%
CAGR
20.89%

IEX Events

IEX Dividend Trend

No Trend In Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

IEX has shown inconsistent dividend trend over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 1.32%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹13.18 every year

Dividends

Corp. Actions

Announcements

Legal Orders

IEX Upcoming Dividends

No upcoming dividends are available

IEX Past Dividends

Cash Dividend

Ex DateEx DateJan 31, 2025

Interim
Interim | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Jan 31, 2025

Cash Dividend

Ex DateEx DateMay 31, 2024

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

May 31, 2024

Cash Dividend

Ex DateEx DateFeb 2, 2024

Interim
Interim | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Feb 2, 2024

Cash Dividend

Ex DateEx DateJul 28, 2023

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Jul 28, 2023

Cash Dividend

Ex DateEx DateAug 11, 2022

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Aug 11, 2022

IEX Stock News & Opinions

Corporate
Indian Energy Exchange to discuss results

Indian Energy Exchange will hold a meeting of the Board of Directors of the Company on 24 April 2025.Powered by Capital Market - Live

4 days agoCapital Market - Live
Spotlight
IEX records 18% YoY rise in traded electricity volume in Q4 FY25

A total of 68 lakh renewable energy certificates (RECs) were traded in Q4 FY25, up 108% YoY. The market clearing price in the 'Day Ahead Market' was at Rs. 4.43 per unit during Q4 FY25, down 9% YoY. For December 2025, the electricity traded volume was 11,215 MU (up 29% YoY) and a total of 13 lakhs RECs (up 18% YoY) were traded. IEX has achieved highest ever electricity traded volume of 121 billion units (BUs) in FY25, registering an increase of 19% on YoY basis. A total of 178 lakh renewable energy certificates were traded during the year, up 136% YoY. During FY25, the country's power demand grew by 4.4% on a year-on-year basis. Given the increase in demand, the Ministry of Power took proactive measures throughout the year to enhance power supply like extending the directive for imported coal-based power plants to operate at full capacity, sale of surplus un-requisitioned power on power exchanges, ensuring the availability of gas-based plants and higher availability of generating units to meet peak demand. These measures along with ample availability of coal with coal inventory around 21 days and no loss of generation, in the fiscal year 2025, ensured sufficient supply liquidity in the system. During the year, the sell liquidity in the DAM segment increased by 36% on a year on-year basis, thereby keeping power prices competitive on the exchange. For FY25, the market clearing price in the Day Ahead Market (DAM) was at Rs. 4.47 per unit, as compared to Rs 5.24 per unit in FY24, marking a decline of 15% YoY. The day-ahead market (DAM) achieved 61,311 MU for FY25, as compared to 53,353 MU in FY24, registering an increase of 15% on YoY basis. The real-time electricity market (RTM) volume increased by 29% to 38,896 MU for FY25 from 30,125 MU in FY24. Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 11,760 MU in FY25, which is a decline of 21% on YoY basis. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 8,746 MU, an increase of 171% on YoY basis. The weighted average price in Green Day-Ahead Market (G-DAM) for FY'25 was Rs 4.01 per unit. IEX is India's premier energy exchange, providing a nationwide, automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates. The scrip fell 1.95% to currently trade at Rs 178.45 on the BSE. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
IEX records highest ever electricity traded volumes in FY25

Indian Energy Exchange achieved highest ever electricity traded volume of 121 BUs in FY'25, registering an increase of 19% on YoY basis. IEX recorded highest ever yearly trade of RECs in FY'25. A total of 178 lakh Renewable Energy Certificates were traded during the year, marking 136 % year on year increase. During FY'25, the country's power demand grew by 4.4% on a year-on-year basis. Given the increase in demand, the Ministry of Power took proactive measures throughout the year to enhance power supply like extending the directive for imported coal-based power plants to operate at full capacity, sale of surplus un-requisitioned power on power exchanges, ensuring the availability of gas-based plants and higher availability of generating units to meet peak demand. These measures along with ample availability of coal with coal inventory around 21 days and no loss of generation, in the fiscal year 2025, ensured sufficient supply liquidity in the system. During the year, the sell liquidity in the DAMsegmentincreasedby36%onayear on-year basis, thereby keeping power prices competitive on the exchange. For FY'25, the market clearing price in the Day Ahead Market was at Rs. 4.47/unit, as compared to Rs 5.24/unit in FY'24, marking a decline of 15% YoY. For Q4FY'25, IEX achieved highest ever quarterly electricity traded volume of 31,747 MU, marking an 18% year on year increase. IEX recorded highest quarterly trade of RECs in Q4FY'25. A total of 68 lakh Renewable Energy Certificates were traded during the quarter, marking 108 % year on year increase. The Market Clearing Price in the Day Ahead Market at Rs. 4.43/unit during Q4FY'25, declined 9% YoY. For the month of March2025,IEXachievedhighest ever monthly electricity traded volume of 11,215 MU, marking a 29% increase on year-on-year basis. A total of 13 lakh Renewable Energy Certificates were traded during the month, marking an 18% year on year increase.  According to government data published in March '25, the country's energy consumption reached 148 BUs, an increase of 7% compared to the previous year. On March 11,2025, peak demand reached 235 GW, surpassing the maximum peak demand of 222 GW recorded in March 2024.Despite the increase in power demand, the average market clearing Price in the Day Ahead Market during March'25 was Rs. 4.47/unit due to increased supply. The Day-Ahead Market (DAM)achieved5,547MUvolumeinMarch'25ascomparedto4,654 MUvolumeinMarch'24,anincrease of 19%YoY.DAM segment registered 16,931MUduring Q4FY'25, as compared to 14,916 MU in Q4FY'24, registering an increase of 14% on YoY basis. The segment achieved 61,311 MU for FY'25, as compared to 53,353 MU in FY'24, registering an increase of 15% on YoY basis.  The Real-Time Electricity Market (RTM) volume increased to 3,727 MU in March'25, from 2,786 MU in March'24, registering an increase of 34% on YoY basis. The RTM segment registered 9,650 MU during Q4FY'25, as compared to 7,505 MU in Q4FY'24, registering an increase of 29% on YoY basis. The segment achieved 38,896 MU for FY'25, as compared to 30,125 MU in FY'24, registering an increase of 29% on YoY basis.  Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weeklyandmonthlycontractsupto3months,traded1,320MUduringMarch'25,anincrease of 64%onYoYbasis.Thetotal volume on thesegmentduringQ4FY'25 was3,241 MU, decline of 8%overQ4FY'24.ForFY'25,thesegmentachieved11,760MU,declineof21%onYoYbasis. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 621 MU volume during March'25 as compared to 426 MU in March'24, registering an increase of 46% YoY. During Q4FY'25, the segment achieved volume of 1,925 MU, an increase of 100% over Q4FY'24. For the FY'25, the segment achieved 8,746 MU, an increase of 171% on YoY basis. The weighted average price in Green Day-Ahead Market (G DAM)for FY'25 was Rs 4.01/unit.  A total of 13 lakh RECs were traded in the trading sessions held on 12th March'25 and 26th March'25, at a clearing price of Rs. 348/REC and Rs. 347/REC respectively. REC traded volume in March'25 increased by 18% on YoY basis.  68 lac RECs were traded during Q4FY'25. REC traded volume in Q4FY'25 increased by 108% on YoY basis.  178 lac RECsweretradedduringFY'25.REC traded volume in FY'25 increased by136%on YoY basis. The next REC trading sessions at the Exchange are scheduled on 09th April'25 and 30th April'25. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
IEX gains after Q3 PAT jumps 17% YoY to Rs 107 crore

Profit before tax jumped 14.04% to Rs 139.45 crore in Q3 FY25 as against Rs 122.28 crore in Q3 FY24. Total income stood at Rs 160.53 crore, registering a growth of 13.67% year on year (YoY) during the quarter. EBITDA increased by 13.49% YoY to Rs 145.5 crore in the third quarter of FY25. During Q3 FY25, the company's electricity volumes traded on the IEX platform rose 15.9% YoY to 30.5 billion units (BUs) in Q3 FY25, driven by ample availability of coal, which led to higher liquidity on the exchange platform and softer prices. The company also reported a 31% YoY increase in renewable energy certificates (RECs) traded on its platform, with 26.52 lakh RECs traded during the quarter. On the gas market front, the Indian Gas Exchange (IGX), a wholly owned subsidiary of IEX, reported a 93% YoY growth in traded volume to 162 lakh million British thermal units (MMBtu) in Q3 FY25. The IGX also reported a 13% YoY growth in profit after tax to Rs 8.3 crore during the quarter. On the fuel side, there has been ample availability of coal this fiscal. Coal is available at a nominal premium of 10% to 20% under the Shakti B8 auction, and coal inventory today stands for about 19 days. On the power sector front, electricity consumption in India for Q3 FY25 stood at 393 BU, registering a growth of 3% YoY. Meanwhile, the board declared an interim dividend of Rs 1.50 per equity share for the financial year 2024-25 and also fixed record date as Friday, 31 January 2025. Indian Energy Exchange is a power exchange licensed by the Central Electricity Regulatory Commission (CERC) for spot trading in power and electricity and trading of renewal energy certificates (REC) and energy saving certificates (ESCerts). Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Board of Indian Energy Exchange recommends interim dividend

Indian Energy Exchange announced that the Board of Directors of the Company at its meeting held on 23 January 2025, inter alia, have recommended the interim dividend of Rs 1.5 per equity Share (i.e. 150%) , subject to the approval of the shareholders.Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
Indian Energy Exchange consolidated net profit rises 16.86% in the December 2024 quarter

Net profit of Indian Energy Exchange rose 16.86% to Rs 107.29 crore in the quarter ended December 2024 as against Rs 91.81 crore during the previous quarter ended December 2023. Sales rose 14.53% to Rs 132.05 crore in the quarter ended December 2024 as against Rs 115.30 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales132.05115.30 15 OPM %85.6685.67 - PBDT144.86127.47 14 PBT139.45122.28 14 NP107.2991.81 17 Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
IEX appoints director

The Board of Indian Energy Exchange at its meeting held on 23 January 2025 has approved the appointment of Pradeep Kumar Pujari as a Non-Executive Independent Director of the Company for a term of five consecutive years effective from 12 March 2025. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Indian Energy Exchange fixes record date for interim dividend

Indian Energy Exchange has fixed 31 January 2025 as record date for interim dividend of Rs 1.50 per share of Re 1 for FY 2024-25. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Indian Energy Exchange to declare Quarterly Result

Indian Energy Exchange will hold a meeting of the Board of Directors of the Company on 23 January 2025.Powered by Capital Market - Live

3 months agoCapital Market - Live
Spotlight
IEX electricity volume climbs 29% YoY to 11,132 MU in Dec'24

During the month, the company has traded 16.62 lakh renewable energy certificates, recording a 58% YoY increase. According to government data published in December 2024, the country's energy consumption reached 130.40 billion units, an increase of nearly 6% compared to the previous year. The Day-Ahead Market (DAM) volume decreased to 6,674 MU in December 2024 as compared to 4,798 MU in December 2023, registering an increase of 39%. The Real-Time Electricity Market (RTM) volume increased 32% YoY to 3,180 MU in Dec'24. The Day Ahead Contingency and Term-Ahead Market (TAM), which includes contingency, daily, weekly, and monthly contracts up to three months, traded 498 million units (MU) in Dec'24, a decline of 59% YoY. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 781 MU volumes during December 2024 as compared to 232 MU in Dec'23, registering an increase of 236% YoY. The Green Day-Ahead Market (G-DAM) achieved 763 MU volume during December 2024 with a weighted average price of Rs 3.92 per unit, as compared to 217 MU in December 2023, registering an increase of 252% YoY. The Green Term-Ahead Market (G-TAM) recorded a volume of 18 million units (MU) in Dec'24, with average monthly prices of Rs 5.88 per unit for non-solar as compared to 15.4 MU in December'23, registering an increase of 15% YoY. A total of 16.62 lakh renewable energy certificates (RECs), were traded in the trading sessions held on 11th December'24 and 26th December'24, at a clearing price of Rs 260/REC and Rs 316/REC, respectively. The next REC trading sessions at the exchange are scheduled on 8th January 2025 and 29th January 2025. IEX is India's premier energy exchange, providing a nationwide, automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates. The company's consolidated net profit jumped 25.3% to Rs 108.32 crore on a 28.4% increase in revenue from operations to Rs 139.40 crore in Q2 FY25 over Q2 FY24. Shares of IEX declined 0.23% to currently trade at Rs 176.65 on the BSE. Powered by Capital Market - Live

3 months agoCapital Market - Live

Frequently asked questions

  1. What is the share price of Indian Energy Exchange Ltd (IEX) today?

    The share price of IEX as on 23rd April 2025 is ₹191.33. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Indian Energy Exchange Ltd (IEX) share?

    The past returns of Indian Energy Exchange Ltd (IEX) share are
    • Past 1 week: 3.09%
    • Past 1 month: 9.29%
    • Past 3 months: 14.26%
    • Past 6 months: 4.65%
    • Past 1 year: 24.97%
    • Past 3 years: -16.89%
    • Past 5 years: 265.83%

  3. What are the peers or stocks similar to Indian Energy Exchange Ltd (IEX)?
  4. What is the dividend yield % of Indian Energy Exchange Ltd (IEX) share?

    The current dividend yield of Indian Energy Exchange Ltd (IEX) is 1.32.

  5. What is the market cap of Indian Energy Exchange Ltd (IEX) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Indian Energy Exchange Ltd (IEX) is ₹16869.07 Cr as of 23rd April 2025.

  6. What is the 52 week high and low of Indian Energy Exchange Ltd (IEX) share?

    The 52-week high of Indian Energy Exchange Ltd (IEX) is ₹244.40 and the 52-week low is ₹134.15.

  7. What is the PE and PB ratio of Indian Energy Exchange Ltd (IEX) stock?

    The P/E (price-to-earnings) ratio of Indian Energy Exchange Ltd (IEX) is 48.09. The P/B (price-to-book) ratio is 17.35.

  8. Which sector does Indian Energy Exchange Ltd (IEX) belong to?

    Indian Energy Exchange Ltd (IEX) belongs to the Utilities sector & Power Trading & Consultancy sub-sector.

  9. How to buy Indian Energy Exchange Ltd (IEX) shares?

    You can directly buy Indian Energy Exchange Ltd (IEX) shares on Tickertape. Simply sign up, connect your demat account and place your order.