IRM Energy Limited IPO
IRM Energy Limited IPO is listed on BSE and NSE, priced at ₹480–₹505 per share. The stock debuted at ₹477.25. The IPO had a lot size of ₹29 shares and a minimum investment of ₹14,645.
IRM Energy Limited IPO
- IPO Dates
- Oct 18, 2023 – Oct 20, 2023
- Price band
- ₹480-505 per equity share
- Minimum Investment
- ₹14,645
- Issue size
- 10,800,000 shares(aggregating up to ₹545.40 Cr)
- Lot size
- 29
- Allotment Date
- Oct 24, 2023
- Listing
- Oct 26, 2023
- Listing At
- BSE, NSE
IPO timeline
-
Oct 18, 2023
Open Date
Completed
-
Oct 20, 2023
Close Date
Completed
-
Oct 24, 2023
Allotment Date
Completed
-
Oct 26, 2023
Listing Date
Completed
Price Summary
- Last closing
- 299.20 (-40.75%)
- 52 week high
- 393.00
- 52 week low
- 165.40
- Last update
IRM Energy Limited IPO Essentials
IRM Energy Limited IPO Details
IRM Energy Limited IPO is priced at ₹480-505 per share with a total issue size of 10,800,000 shares(aggregating up to ₹545.40 Cr). The IPO has a lot size of 29 shares and is listed on BSE and NSE.
- Issue price
- ₹480-505 per equity share
- Lot size
- 29 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 10,800,000 shares(aggregating up to ₹545.40 Cr)
- Listing at
- BSE, NSE
- List price
- 477.25(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Hdfc Bank Limited, Bob Capital Markets Limited
IRM Energy Limited IPO Analytics
IRM Energy Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
IRM Energy Limited IPO Subscription Status
IRM Energy Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered / Reserved | 2,116,800 |
1,587,600
1,058,400
529,200
|
3,704,400 | 216,000 | 7,624,800 |
|
Day 1
18-10-23 05:00 PM
|
1.07 x |
2.60x
2.23x
3.34x
|
1.78 x | 0.38 x | 1.71 x |
|
Day 2
19-10-23 05:00 PM
|
1.18 x |
9.09x
8.17x
10.93x
|
4.36 x | 0.94 x | 4.37 x |
|
Day 3
20-10-23 05:00 PM
|
44.73 x |
48.34x
52.29x
40.46x
|
9.29 x | 2.05 x | 27.05 x |
|
Total No. of Applications
|
category wise applications | ||
|---|---|---|---|
| 10,70,511 (Approx) | 8.38 | ||
IRM Energy Limited Valuations
Earnings
- EPS (Post IPO)
- ₹20.93/-
- P/E Ratio
- 24.13
Returns
- RoNW
- 18.23%
IRM Energy Limited Financials( In Crs.)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
|---|---|---|---|---|
| Assets | 792.90 | 554.80 | 338.11 | 267.16 |
| Revenue | 1,045.10 | 549.19 | 212.54 | 166.13 |
| Profit After Tax | 63.15 | 128.03 | 34.89 | 21.07 |
IRM Energy Limited Company & Offer Insights
About IRM Energy Limited
IRM Energy Limited is a gas distribution company. The company is involved in developing, operating, and expanding of local natural gas distribution network. IRM Energy is a value-driven energy enterprise serving industrial, commercial, domestic, and automobile customers.
The company has marked its presence in Banaskantha District in the state of Gujarat, Fatehgarh Sahib in the state of Punjab, and Diu & Gir-Somnath in the Union Territory of Daman & Diu and the state of Gujarat.
The company is fulfilling the natural gas requirements of 48172 domestic clients, 179 industrial units, and 248 commercial clients.
The company has received an award of City Gas Distribution- Growing Company of the Year 2020 from the Federation of Indian Petroleum Industries.
As of September 2022, the company has 216 CNG gas stations across its operating geographical areas.
IRM Energy Limited Promoter(s)
Dr. Rajiv Indravadan Modi, Cadila Pharmaceuticals Limited, IRM Trust are the company's promoters of IRM Energy Limited.
IRM Energy Limited IPO Issue Objectives
- •
- Funding capital expenditure requirements for the development of the City Gas Distribution network in the Geographical Areas of Namakkal and Tiruchirappalli (Tamil Nadu) in Fiscal 2024, Fiscal 2025 and Fiscal 2026.
- •
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.
- •
- General corporate purposes.
IRM Energy Limited IPO - Anchor Investors
IRM Energy IPO | Firm mobilises Rs 160 crore ahead of initial public offering.
Marquee investors invested in the company via anchor book included Quant Mutual Fund, DSP Mutual Fund, HDFC Life Insurance Company, SBI General Insurance Company, PNB Metlife India Insurance Company, ITI Mutual Fund, Bank of India Mutual Fund, and Nippon India.
IRM Energy Limited IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| IRM Energy | 4.09 | 24.13 | 18.2% | 1,045 |
| Gujarat Gas | 4.15 | 21.4 | 24.2% | 16,759 |
| Indraprastha Gas | 4.60 | 22.2 | 20.0% | 14,146 |
| Mahanagar Gas | 2.65 | 11.2 | 20.4% | 6,299 |
| Adani Total Gas | 22.8 | 120 | 20.4% | 4,378 |
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
IRM Energy Limited IPO is a book-built IPO worth ₹10,800,000 shares(aggregating up to ₹545.40 Cr). The price band is ₹480–₹505 per share. The IPO opens on Oct 18, 2023 and closes on Oct 20, 2023. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of IRM Energy Limited IPO is ₹480 to ₹505 per share.
The lot size of IRM Energy Limited IPO is 29 shares.
The minimum investment for IRM Energy Limited IPO is approximately ₹14,645 based on the upper price band .
IRM Energy Limited IPO opens on Oct 18, 2023 and closes on Oct 20, 2023.
The allotment date of IRM Energy Limited IPO is Oct 24, 2023.
IRM Energy Limited IPO is expected to be listed on Oct 26, 2023, on BSE and NSE .
IRM Energy Limited IPO listed on Oct 26, 2023. It was issued at ₹477.25(NSE) and is currently around ₹299.20 as on 14-May-2026 3:30 PM, which is approximately -40.8% versus issue price. The 52-week high is ₹393.00.
Based on listing and post-listing performance, IRM Energy Limited IPO delivered around -40.8% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy IRM Energy Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
IRM Energy Limited IPO valuation snapshot: P/E 24.13, EPS ₹20.93/-, P/B N/A, RoNW 18.23%, and market cap N/A.
To apply for IRM Energy Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of IRM Energy Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for IRM Energy Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check IRM Energy Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the IRM Energy Limited IPO allotment status on IPO Ji for quick and easy access.