IRM Energy IPO Complete Details, Review, Time-Table

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
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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


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.

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