Shardul Amarchand Mangaldas & Co (SAM & Co) advises the Book Running Lead Managers in relation to the INR 1,000 Crore IPO of Indian Energy Exchange Limited (IEX). IEX is India’s first and largest energy exchange and commands a 94.8% share in the power exchange market as of FY 2017.

The Capital Markets Practice of Shardul Amarchand Mangaldas advised the Book Running Lead Managers – Axis Capital Limited, Kotak Mahindra Capital Company Limited and IIFL Holdings Limited – as to Indian Law. The IPO transaction team was led by Prashant Gupta, Partner & National Practice Head – Capital Markets; and included Monal Mukherjee, Partner; Shraddha Krishnan Dash, Senior Associate; Shruti Sarkar, Senior Associate; Arshiya Sharda, Associate with assistance from Pratik Ranjan Das, Associate.

As a part of the transaction, 6,065,009 equity shares of IEX were sold (at a price of INR 1,650 per equity share, aggregating to approximately INR 1,000 crore) by way of an Offer For Sale by the Selling Shareholders, namely, Aditya Birla Private Equity Trust A/c Aditya Birla Private Equity- Fund I, Aditya Birla Private Equity Trust A/c Aditya Birla Private Equity- Sunrise Fund, AFHoldings, Golden Oak (Mauritius) Limited, Jayant Narhar Deo, Kiran Vyapar Limited, Lightspeed Venture Partners VIII Mauritius, Madison India Opportunities III, Multiples Private Equity Fund, Multiples Private Equity Fund I Limited and Tata Power Company Limited.