IRM Energy IPO: The Rs 545.40 crore IRM Energy IPO is a book-built issue. 1.08 crore shares are being issued fully anew in this offering. The pricing range for the IRM Energy IPO is ₹480 to ₹505 per share. A minimum of 29 shares is required for an application’s lot size. Retail investors are required to invest a minimum of ₹14,645. For both sNII and bNII, the minimum lot size investment is 69 lots (2,001 shares), or ₹1,010,505, and 14 lots (406 shares), or ₹205,030.
The subscription period for the IRM Energy IPO begins on October 18, 2023, and ends on October 20, 2023. On Friday, October 27, 2023, the allotment for the IRM Energy IPO is anticipated to be completed. The tentative listing date for the IRM Energy IPO is Tuesday, October 31, 2023, and it will take place on the BSE and NSE.
The registrant for the IRM Energy IPO is Link Intime India Private Ltd, while the book running lead managers are Hdfc Bank Limited and Bob Capital Markets Limited.
IRM Energy IPO Overview
| IRM Energy Limited Company Overview | |
|---|---|
| Company Name | IRM Energy Limited |
| IPO Opening Date | 18 October, 2023 |
| IPO Closing Date | 20 October, 2023 |
| Face Value | 10₹ Per Share |
| Share Price Range | 480₹ To 505₹ |
| Lot Size | 29 Shares Per Lot |
| GMP | Check Here |
| Issue Type | Book Built Issue |
| Total IPO Issue Size | 10,800,000 Shares |
| Fresh Issue Size | 10,800,000 Shares |
| IPO Listing At | NSE, BSE |
| Share Holding Pre Issue | 30,259,677 |
| Share Holding Post Issue | 41,059,677 |
| More IPO’s | Check Here |
IRM Energy IPO Lot Size
Investors may make a minimum offer of 29 shares and an amount greater than that. The minimum and highest investments made by retail investors and HNI in terms of shares and money are shown in the table below.
| IRM Energy Limited IPO Lot Size | |
|---|---|
| Minimum Retail Applications | 01 Lot |
| Maximum Retail Applications | 13 Lots |
| Minimum S-HNI Applications | 14 Lots |
| Maximum S-HNI Applications | 68 Lots |
| Minimum B-HNI Applications | 69 Lots |
| Total Shares In Single Lot | 29 Shares |
| Amount For Single Lot | ₹14,645 |
IRM Energy IPO Time Table (Tentative)
The IPO for IRM Energy starts on October , 2023, and ends on October , 2023.
| IRM Energy Limited IPO Time Table Complete Details | |
|---|---|
| IPO Initiation Date | 18 October, 2023 |
| IPO Ending Date | 20 October, 2023 |
| Basis Of Allotment | 27 October, 2023 |
| Initiation Of Refund | 27 October, 2023 |
| Shares Credit To Demat Account | 30 October, 2023 |
| Date Of Listing | 31 October, 2023 |
| Cut Off Time For UPI Mandate Confirmation | 05:00 PM, 20 October, 2023 |
IRM Energy IPO Reservation Details
| IRM Energy Limited IPO Reservation Overview | |
|---|---|
| Shares Offered To Retailers | Not Less Than 35% Of Net Offer |
| Shares Offered To HNI | Not Less Than 15% Of Net Offer |
| Shares Offered To QIB | Not More Than 50& Of Net Offer |
IRM Energy Company Financials
| IRM Energy Limited Company Financials Information | |
|---|---|
| This Data Is Of | 31 March, 2023 |
| Total Revenue | 248.63 |
| Assets | 838.21 |
| Profit After Tax | 26.91 |
| Net Worth | 373.33 |
| Reserves And Surplus | – |
| Debt | 321.24 |
| All Amount In ₹Crore | |
IRM Energy Promoters Holding
| Share Holding Pre Issue | 67.94% |
| Share Holding Post Issue | – |
IRM Energy Key Performance Indicators
| IRM Energy Limited Key Performance Indicators | |
|---|---|
| KPI | Values |
| P/E (X) | 24.13 |
| EPS | 20.93 |
| ROE | 18.23% |
| ROCE | 14.19% |
| RoNW | 18.23% |
Is IRM Energy IPO Contact Details.
| IRM Energy Limited Contact Details | |
|---|---|
| Company Address | 4th Floor, Block 8, Magnet Corporate Park, Ahmedabad |
| Phone | 7949031500 |
| investor.relations@irmenergy.com | |
| Website | https://www.irmenergy.com/ |
Is IRM Energy IPO Good Or Bad To Buy?
IRM is a newcomer to the CGD market, having established itself in three states where significant growth is anticipated. With the exception of FY23, when it saw pressure on margins due to a spike in gas and oil prices brought on by the conflict between Russia and Ukraine, the company saw growth in both its top and bottom lines.
Performance for FY24–Q1 shows a return to normal, and management is optimistic about continued development. Annualized FY24 statistics suggest that the issue is fully priced. This race horse is lengthy. Investors may put money aside for potential medium- to long-term gains.
What Is The Objective Of IRM Energy IPO Issue?
The main objective’s of IRM Energy IPO issue are :-
- financing the necessary capital expenditures in Fiscal 2024, Fiscal 2025, and Fiscal 2026 for the construction of the City Gas Distribution network in the Tamil Nadu Geographical Areas of Namakkal and Tiruchirappalli.
- Full or partial prepayment of some outstanding loans that the company has taken out.
- General business objectives.
How To Apply For IRM Energy IPO?
The IRM Energy IPO application form and payment can both be completed online. Through the net banking feature of your bank account, you can access the ASBA IPO application. UPI IPO applications are provided by brokers who do not offer banking services. On this page, you can get more details on how to apply for an IPO online using Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When Is IRM Energy IPO Allotment?
The Allotment Process For IRM Energy IPO Is Started From October 27, 2023.