IRM Energy Limited
Mainboard₹14,645 / 29 Shares
IRM Energy Limited IPO Details
The IRM Energy Limited IPO price band is set between ₹480-505 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 18 Oct, 2023 and closes on 20 Oct, 2023. Investors can check the allotment status on 24 Oct, 2023, while the listing date is tentatively scheduled for 26 Oct, 2023.
The total issue size is 10,800,000 shares, aggregating up to ₹545.40 Cr. Stay tuned for the latest IRM Energy Limited IPO review and GMP updates.
IRM Energy Limited IPO Review, Rating & Analysis
IRM Energy Limited IPO Review
NO REVIEWIRM Energy Limited IPO Rating
IRM Energy Limited IPO Highlights
IPO Date
Oct 18, 2023 - Oct 20, 2023
Listing Date
26 Oct, 2023
Face Value
₹10 Per Equity Share
Price Band
₹480-505 per equity share
Lot Size
29 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
IRM Energy Limited IPO Lot Size
The minimum market lot for IRM Energy Limited IPO is 29 shares with an application amount of ₹14,645. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 29 | ₹14,645 |
| Retail (Max) | 13 | 377 | ₹1,90,385 |
| S-HNI (Min) | 14 | 406 | ₹2,05,030 |
| S-HNI (Max) | 68 | 1972 | ₹9,95,860 |
| B-HNI (Min) | 69 | 2001 | ₹10,10,505 |
IRM Energy Limited IPO Timeline
Issue Price
₹480-505 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Hdfc Bank LimitedBob Capital Markets LimitedIssue Size
10,800,000 shares(aggregating up to ₹545.40 Cr)IRM Energy Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 792.90 | 1045.10 | 63.15 | - | - | - |
| 31 Mar 22 | 554.80 | 549.19 | 128.03 | - | - | - |
| 31 Mar 21 | 338.11 | 212.54 | 34.89 | - | - | - |
| 31 Mar 20 | 267.16 | 166.13 | 21.07 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Dr. Rajiv Indravadan Modi
- Cadila Pharmaceuticals Limited
- IRM Trust
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 67.94% | N/A% |
About Company
IRM Energy Limited is a gas distribution company. The company is involved in developing, operating, and expanding of local natural gas distribution network. IRM Energy is a value-driven energy enterprise serving industrial, commercial, domestic, and automobile customers.
The company has marked its presence in Banaskantha District in the state of Gujarat, Fatehgarh Sahib in the state of Punjab, and Diu & Gir-Somnath in the Union Territory of Daman & Diu and the state of Gujarat.
The company is fulfilling the natural gas requirements of 48172 domestic clients, 179 industrial units, and 248 commercial clients.
The company has received an award of City Gas Distribution- Growing Company of the Year 2020 from the Federation of Indian Petroleum Industries.
As of September 2022, the company has 216 CNG gas stations across its operating geographical areas.
IRM Energy Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|
8.38 times
Frequently Asked Questions about IRM Energy Limited IPO
When will IRM Energy Limited IPO open for subscription?
The IRM Energy Limited IPO opens on 18 Oct, 2023 and closes on 20 Oct, 2023.
What is the investors portion for IRM Energy Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is .
How to apply for IRM Energy Limited IPO?
You can apply for IRM Energy Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of IRM Energy Limited IPO?
The issue size of IRM Energy Limited IPO is approx ₹10,800,000 shares(aggregating up to ₹545.40 Cr) crores.
What is the price band of IRM Energy Limited IPO?
The price band for IRM Energy Limited IPO is ₹480 to ₹505 per equity share.
What is the lot size of IRM Energy Limited IPO?
The minimum bid (lot size) for IRM Energy Limited IPO is N/A shares with an investment of approx ₹14,645 .
What is the allotment date of IRM Energy Limited IPO?
The allotment date for IRM Energy Limited IPO is 24 Oct, 2023.
What is the listing date of IRM Energy Limited IPO?
The listing date for IRM Energy Limited IPO is expected to be 26 Oct, 2023.
What is the GMP of IRM Energy Limited IPO?
The latest Grey Market Premium (GMP) for IRM Energy Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.