IRM Energy IPO Date, Price, GMP, Review, Details

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.

IRM Energy IPO Prospectus Download
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]
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]

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]
Contact person: Ninad Jape/Nivedika Chavan
SEBI registration no.: INM000009926

HDFC Bank Limited
Investment Banking Group,
Unit No. 401 & 402,
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]
Contact person: Kunal Thakkar / Dhruv Bhavsar
SEBI registration no.: INM000011252

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