IRM Energy IPO: 1.01 crore shares are being sold in the book-built IPO for IRM Energy. 1.01 crore shares are being issued totally as new shares.
Dates for the IRM Energy IPO have not yet been released. Price bands for the IRM Energy IPO have not yet been disclosed.
The registrar for the IRM Energy IPO is Link Intime India Private Ltd, and 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 | 2023 |
| IPO Closing Date | 2023 |
| Face Value | 10₹ Per Share |
| Share Price Range | [.]₹ |
| Lot Size | [.] |
| GMP | Check Here |
| Issue Type | Book Built Issue |
| Total IPO Issue Size | 10,100,000 Shares |
| Fresh Issue Size | 10,100,000 Shares |
| IPO Listing At | NSE, BSE |
| Share Holding Pre Issue | 30,259,677 |
| More IPO’s | Check Here |
IRM Energy IPO Lot Size
| IRM Energy Limited IPO Lot Size | |
|---|---|
| Minimum Retail Applications | 01 Lot |
| Maximum Retail Applications | [.] Lot |
| Minimum HNI Applications | [.] Lots |
| Total Shares In Single Lot | [.] Shares |
| Amount For Single Lot | ₹[.] |
IRM Energy IPO Time Table (Tentative)
| IRM Energy Limited IPO Time Table Complete Details | |
|---|---|
| IPO Initiation Date | 2023 |
| IPO Ending Date | 2023 |
| Basis Of Allotment | 2023 |
| Initiation Of Refund | 2023 |
| Shares Credit To Demat Account | 2023 |
| Date Of Listing | 2023 |
| Cut Off Time For UPI Mandate Confirmation | 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
The revenue of IRM Energy Limited decreased between the fiscal year ending on September 30, 2022, and the fiscal year ending on March 31, 2022, by -7.71%, while the profit after tax (PAT) decreased by -69.35%.
| IRM Energy Limited Company Financials Information | |
|---|---|
| This Data Is Of | 30 September, 2022 |
| Total Revenue | 506.87 Cr |
| Assets | 730.26 Cr |
| Profit After Tax | 39.25 Cr |
| Net Worth | 307.64 Cr |
| Reserves And Surplus | 1256.60 Cr |
| Debt | 287.84 Cr |
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 |
| Debt/Equity | 0.93 |
| EPS | 43.88 |
| ROE | 52.53% |
| ROCE | 39.01% |
| RoNW | 52.53% |
What Is The Future Of IRM Energy Stock?
IRM Energy Limited is a gas distribution business that was incorporated in 2015. The business is engaged in creating, running, and growing the neighborhood’s natural gas distribution system. IRM Energy is a value-driven energy company that caters to customers in the commercial, residential, automotive, and industrial sectors.
The business has established presences in the states of Gujarat’s Banaskantha District, Punjab’s Fatehgarh Sahib, Gujarat’s Diu & Gir-Somnath, and Punjab’s Fatehgarh Sahib.
48172 home clients, 179 industrial facilities, and 248 commercial clients have their natural gas needs met by the company.
The Federation of Indian Petroleum Industries has recognized the company as the City Gas Distribution-Growing Company of the Year 2020. In its operating geographic areas as of September 2022, the corporation has 216 CNG gas stations.
What Is The Objective Of IRM Energy IPO Issue?
- Financing the necessary capital outlays for the construction of the city gas distribution network in the Tamil Nadu geographic areas of Namakkal and Tiruchirappalli in the fiscal years 2024, 2025, and 2026.
- Prepayment or partial repayment of a number of the Company’s outstanding borrowings.
- Overall corporate objectives.
How To Apply For IRM Energy IPO?
Applying for the IRM Energy IPO online is possible with either ASBA or UPI as a means of payment. You can access the ASBA IPO application through your bank account’s net banking. Brokers without a banking license can apply for an IPO via UPI. To apply for an IPO online, use Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, or SBI Bank.