IRM Energy Limited IPO
MainboardLPG/CNG/PNG/LNG Supplier
Listed On: Oct 26, 2023 at ₹ 477.25(NSE)
₹ 14645 /29 Shares
Check Allotment18 Oct, 2023
Open Date20 Oct, 2023
Close Date24 Oct, 2023
Allotment Date26 Oct, 2023
Listing DatePrice Summary
Last Closing
278.35 (-44.88%)52 Week High
393.0052 Week Low
237.00Last Update
19-Dec-2025 3:30 PMIRM Energy Limited IPO Issue Details
- Issue Price ₹480-505 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 10,800,000 shares(aggregating up to ₹545.40 Cr)
- Listing at BSE, NSE
- List Price 477.25(NSE)
- Listing Date 2023-10-26
-
Lead Manager
Hdfc Bank Limited
Bob Capital Markets Limited - Registrar Link Intime India Private Ltd
IRM Energy Limited IPO Details
-
Retail Portion
35% (Number of Retail Applications: 1,27,738 Approx),
(Number of S-HNI Applications : 1,303 Approx),
(Number of B-HNI Applications : 2,607 Approx)
IRM Energy Limited IPO Details
The IPO of IRM Energy Limited is priced at ₹480-505 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Oct 18, 2023 and ends on Oct 20, 2023. The allotment for IRM Energy Limited IPO will be finalized on Oct 24, 2023. IRM Energy Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Oct 26, 2023. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.
The book-running lead manager for the IPO is/are Hdfc Bank Limited, Bob Capital Markets Limited.
The IRM Energy Limited IPO sets its price band at 480-505 for each share. A single application for IRM Energy Limited IPO must contain at least 29 shares.
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IRM Energy Limited IPO Subscription Analysis And Details
| As on | QIB | NII
bNII sNII |
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 |
2.60
2.23 x 3.34 x |
1.78 x | 0.38 x | 1.71 x |
|
Day 2
19-10-23 05:00 PM
|
1.18 x |
9.09
8.17 x 10.93 x |
4.36 x | 0.94 x | 4.37 x |
|
Day 3
20-10-23 05:00 PM
|
44.73 x |
48.34
52.29 x 40.46 x |
9.29 x | 2.05 x | 27.05 x |
IRM Energy Limited Valuations
IRM Energy Limited Company Financials
| 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 |
About IRM Energy Limited Company
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
Pre Issue Share Holding : 67.94%
Post Issue Share Holding : N/A%
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 |
IRM Energy Limited IPO - FAQs
Ans. IRM Energy Limited IPO is a Mainboard IPO. The issue is priced at ₹480-505 per equity share. The minimum order quantity is 29 Shares. The IPO opens on Oct 18, 2023, and closes on Oct 20, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The IRM Energy Limited IPO opens on Oct 18, 2023 and closes on Oct 20, 2023.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of IRM Energy Limited IPO is 10,800,000 shares(aggregating up to ₹545.40 Cr).
Ans. The IRM Energy Limited IPO price band is set between ₹480-505 per equity share.
Ans. To apply for IRM Energy Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find IRM Energy Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of IRM Energy Limited IPO is Oct 24, 2023.
Ans. The IRM Energy Limited IPO will be listed on Oct 26, 2023.
Ans. Follow the steps to check the IRM Energy Limited IPO allotment status online.
