IPO

IRM Energy Limited IPO

Mainboard

LPG/CNG/PNG/LNG Supplier

Listed On: Oct 26, 2023 at ₹ 477.25(NSE)

₹ 14645 /29 Shares

Check Allotment

Price Summary

Last Closing

305.20 (-39.56%)

52 Week High

478.00

52 Week Low

237.00

Last Update

15-Jul-2025 3:30 PM
IRM Energy Limited IPO Details

18 Oct, 2023

Open Date

20 Oct, 2023

Close Date

24 Oct, 2023

Allotment Date

26 Oct, 2023

Listing Date

Issue Price

₹480-505 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

477.25(NSE)

Listing Date

2023-10-26

Market Lot

Retail : 29 Shares (₹14,645/-)
S-HNI : 406 Shares (₹2,05,030/-)
B-HNI : 2,001 Shares (₹10,10,505/-)

Lead Manager

Hdfc Bank Limited
Bob Capital Markets Limited

Issue Size

10,800,000 shares(aggregating up to ₹545.40 Cr)

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)

Subscription

27.05 times

IPO Docs

DRHP RHP ANCHOR

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 Details

As onQIBNII
bNII   sNII		RetailEmployeeTotal
Shares Offered / Reserved2,116,8001,587,600
1,058,400    529,200		3,704,400216,0007,624,800
Day 1 - 18-10-23 05:00 PM1.07 x2.60
2.23 x   3.34 x		1.78 x0.38 x1.71 x
Day 2 - 19-10-23 05:00 PM1.18 x9.09
8.17 x   10.93 x		4.36 x0.94 x4.37 x
Day 3 - 20-10-23 05:00 PM44.73 x48.34
52.29 x   40.46 x		9.29 x2.05 x27.05 x
Total No. of Applications: 10,70,511 (Approx)
Retail Subscription on the basis of Applications: 8.38 times

IRM Energy Limited Valuations

Earnings Per Share (EPS)

₹20.93/-

P/E Ratio

24.13

RoNW

18.23%

Net Asset Value (NAV) - As on 31.03.22

₹N/A

IRM Energy Limited Company Financials All values are in ₹ Cr.

31-Mar-2331-Mar-2231-Mar-2131-Mar-20
Assets792.90554.80338.11267.16
Revenue1,045.10549.19212.54166.13
Profit After Tax63.15128.0334.8921.07

About The 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.

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IRM Energy Limited - Peers Comparison

P/B RatioP/E RatioRoNWNet Worth
IRM Energy4.0924.1318.2%1,045
Gujarat Gas4.1521.424.2%16,759
Indraprastha Gas4.6022.220.0%14,146
Mahanagar Gas2.6511.220.4%6,299
Adani Total Gas22.812020.4%4,378

IRM Energy Limited - Promoter(s)

Pre Issue Share Holding: 67.94%

Post Issue Share Holding: N/A%

Company Promoter(s)
  1. Dr. Rajiv Indravadan Modi
  2. Cadila Pharmaceuticals Limited
  3. IRM Trust

IRM Energy Limited IPO - Issue Objectives

  1. 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.
  2. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.
  3. 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 - 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. The size of IRM Energy Limited IPO is 10,800,000 shares(aggregating up to ₹545.40 Cr).

Ans. The IPO price band is set between ₹480-505 per equity share.

Ans. To apply for IRM Energy Limited IPO 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 allotment status for IRM Energy Limited IPO here.