The company has a robust trading platform, but the asking price is stiff

The initial public offering (IPO) of 10-year-old Indian Energy Exchange Ltd (IEX) will open on October 9 in a price band between ₹1,645 and ₹1,650. The entire issue is an offer-for-sale with existing shareholders selling 60.65 lakh shares to raise ₹1,000 crore; no part of the IPO proceeds will go to the company.The points in favour of the company are a robust exchange platform, its near-monopoly s...