The Indian Energy Exchange (IEX) has an ongoing IPO. The price is Rs. 1650 per share. The company is one of two electronic power exchanges, where electricity is traded online. Any consumer (distribution and industrial companies, commercial, and institutional power consumers) can buy power from producers (captive plants, power plants, power generation cos etc) online through an electronic format. The settlement is on the grid, with a lot of regulatory influence. At Rs. 1650 per share, this is an expensive IPO. Because they make about Rs. 37 per share (113 cr.) in profit, and this is a 44 P . . .