The IRM Energy has begun on 18-October-2023. It will close on 20-October-2023. The Total IPO Size is 545.40 Crore. The company set its IPO price is 480-505 Rs Per Share. Basically, there are three basic categories in IRM Energy IPO Subscription 1) Qualified Institutional Buyers 2) Non-Institutional Investors 3) Qualified Institutional Buyers.
IRM Energy is established in 2015.
IRM Energy are a city gas distribution (“CGD”) company in India, with operations at Banaskantha (Gujarat), Fatehgarh Sahib (Punjab), Diu & Gir Somnath (Union Territory of Daman and Diu/Gujarat), and Namakkal & Tiruchirappalli (Tamil Nadu).
The company engaged in the business of laying, building, operating and expanding the city or local natural gas distribution network.
They served 168 industrial customers, 88 industrial customers, 96 industrial customers, 59 industrial customers and 30 industrial customers as at September 30, 2022, September 30, 2021, March 31, 2022, March 31, 2021, and March 31, 2020, respectively.
Further, They served 202 commercial customers, 145 commercial customers, 179 commercial customers, 125 commercial customers and 90 commercial customers as at September 30, 2022, September 30, 2021, March 31, 2022, March 31, 2021 and March 31, 2020, respectively; and 43,183 domestic customers, 29,237 domestic customers, 35,725 domestic customers, 25,626 domestic customers and 18,382 domestic customers as at September 30, 2022, September 30, 2021, March 31, 2022, March 31, 2021 and March 31, 2020, respectively.
Industry Peers
1) Gujarat Gas Limited
2) Adani Total Gas Limited
3) Mahanagar Gas Limited
4) Indraprastha Gas Limited
IRM Energy IPO Promotor/ Investor Shareholding
| Name of the Promoter | No. of Shares held | Percentage of total Shareholding | Average cost of acquisition per Equity Share (in ₹)*# |
| Dr. Rajiv Indravadan Modi | – | – | – |
| Cadila Pharmaceuticals Limited | 14,978,535 | 49.50% | 11.77 |
| IRM Trust* | 5,580,238 | 18.44% | 11.77 |
| Total | 20,558,773 | 67.94% | – |
IRM Energy IPO Date, Details & Price Band
The IRM Energy IPO Price Band, IPO Dates, Market lot and other details mention in be below table.
| IPO Opening Dates | 18-October-2023 |
| IPO Closing Dates | 20-October-2023 |
| Price Band | 480-505 Rs |
| Fresh issue | 545.40 Crore |
| Total IPO size | 545.40 Crore |
| Minimum bid (lot size) | 29 Shares |
| Face Value | 10 INR Per Share |
| Issue Type | Book Built Issue IPO |
| HNI Allocation | 50% |
| HNI Allocation | 15% |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
IRM Energy IPO Market Lot
The IRM Energy IPO minimum market lot is 29 shares With 14,645 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Retail Minimum | 1 | 29 | 14,645 ₹ |
| Retail Maximum | 13 | 377 | 1,90,385 ₹ |
Restated Financial Record of the three year (Amt. in Crore)
| Total Assets | Total Revenue | Profit After Tax | |
| 30-Jun-23 | 838.21 | 248.63 | 26.91 |
| 31-Mar-23 | 792.90 | 1,045.10 | 63.15 |
| 31-Mar-22 | 554.80 | 549.19 | 128.03 |
IRM Energy IPO GMP & Grey Market Premium
IRM Energy IPO GMP Grey market premium has been started today. Check Latest IRM Energy IPO GMP, Kostak Rates and Subject to Sauda Price here.
IRM Energy IPO Prospectus
IRM Energy IPO Prospectus Available on BSE and Sebi Website as well as on our Portal. Please click here to Download IRM Energy IPO Prospectus.
| DRHP | Download |
| RHP | Download |
IRM Energy IPO Reviews
Angel Broking – Update Soon
Choice Broking – Update Soon
Prabhudas Lilladher – Update Soon
IRM Energy IPO Form Download
IRM Energy IPO form Available on NSE, BSE Website as well as on our Portal. Please click here to Download IRM Energy IPO forms.
IRM Energy IPO Allotment Date & Details
| Allotment Date | 27-October-2023 |
| Initiation of refunds | 27-October-2023 |
| Transfer of shares to Demat accounts | 30-October-2023 |
| Listing Date | 31-October-2023 |
| Check Allotment Status | Click here |
Registrar of IRM Energy
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg Vikhroli West Mumbai – 400 083
Maharashtra, India
Tel: +91 22 4918 6200
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration no.: INR000004058
IRM Energy Contact Details
IRM Energy Limited
4th Floor, Block 8, Magnet
Corporate Park, Near Sola Bridge
S.G. Highway, Ahmedabad 380054
Phone: +917949031500
Email: [email protected]
Website: https://www.irmenergy.com/
IRM Energy IPO Lead Managers
BOB Capital Markets Limited
1704, B Wing, 17th Floor, Parinee Crescenzo
Plot No. C – 38/39, G Block,
Bandra Kurla Complex, Bandra (East),
Mumbai 400 051
Maharashtra, India
Tel: +91 22 61389 353
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Website: www.bobcaps.in
Contact person: Ninad Jape/Nivedika Chavan
SEBI registration no.: INM000009926
HDFC Bank Limited
Investment Banking Group,
Unit No. 401 & 402,
4
th Floor, Tower B, Peninsula Business Park,
Lower Parel,
Mumbai 400 013
Maharashtra, India
Tel: +91 22 3395 8233
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Website: www.hdfcbank.com
Contact person: Kunal Thakkar / Dhruv Bhavsar
SEBI registration no.: INM000011252
