The Indian Energy Exchange (IEX) launched its initial public offering (IPO) issuing 60,65,009 equity shares at a face value ₹10 (~$0.15) each. The IEX has priced the shares in the range of ₹1,645 (~$25.14) to ₹1,650 (~$25.21). The IPO will constitute up to 20 percent of IEX’s post-IPO paid up equity share capital.