IRM Energy Limited
- IPO Date18 Oct, 2023 to 20 Oct, 2023
- Listing Date26 Oct, 2023
- Face Value₹10 per share
- Issue Price₹480 to ₹505 per share
- Lot Size29 Shares
- Minimum Investment₹14,645
- Listing AtBSE, NSE
- Total Issue Size1,08,00,000 Shares
(aggregating up to ₹545.40 Cr) - Fresh Issue1,08,00,000 Shares
(aggregating up to ₹545.40 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue3,02,59,677
- Shareholding post issue4,10,59,677
IPO Dates
Closing Date
20 Oct, 2023
Initiation of Refunds
30 Oct, 2023
Listing Date
26 Oct, 2023
18 Oct, 2023
Opening Date
27 Oct, 2023
Basis of Allotment
30 Oct, 2023
Credit of Shares
IRM Energy Limited Lot Size
Investors can bid for a minimum of 29 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 29 | ₹14,645 |
| Retail (Max) | 13 | 377 | ₹1,90,385 |
| S-HNI (Min) | 14 | 406 | ₹2,05,030 |
| S-HNI (Max) | 68 | 1972 | ₹9,95,860 |
| B-HNI (Min) | 69 | 2001 | ₹10,10,505 |
IRM Energy Limited Promoter Holding
Dr. Rajiv Indravadan Modi, Cadila Pharmaceuticals Limited, and IRM Trust are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 67.94% | - |
Key Performance Indicator
IRM Energy IPO Market Cap is Rs 2073.51 Cr and P/E (x) is 24.13.
| KPI | Values |
|---|---|
| ROE | 18.23% |
| ROCE | 14.19% |
| RoNW | 18.23% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 24.13 | 20.93 |
| P/E (x) | 24.13 | 20.93 |
IRM Energy Limited COMPANY INFORMATION
IRM Energy IPO is a book built issue of Rs 545.40 crores. The issue is entirely a fresh issue of 1.08 crore shares. IRM Energy IPO bidding started from October 18, 2023 and ended on October 20, 2023. The allotment for the IRM Energy IPO is expected to be finalized on Friday, October 27, 2023. The shares got listed on BSE, NSE on October 26, 2023. IRM Energy IPO price band is set at ₹480 to ₹505 per share. The minimum lot size for an application is 29 Shares. The minimum amount of investment required by retail investors is ₹14,645. The minimum lot size investment for sNII is 14 lots (406 shares), amounting to ₹205,030, and for bNII, it is 69 lots (2,001 shares), amounting to ₹1,010,505. The issue includes a reservation of up to 216,000 shares for employees offered at a discount of Rs 48 to the issue price. Hdfc Bank Limited and Bob Capital Markets Limited are the book running lead managers of the IRM Energy IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to IRM Energy IPO RHP for detailed information.
Incorporated in 2015, 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.
FAQs About Irm Energy Limited
IRM Energy Limited will open on 18 Oct, 2023 and close on 20 Oct, 2023. Investors must apply within this period to participate.
The IRM Energy Limited price band is set between ₹480.00 and ₹505.00 per share. The minimum lot size is 29, requiring an investment of at least ₹14645.00.
The IRM Energy Limited shares are expected to be listed on 26 Oct, 2023, subject to regulatory approvals and final allotment.
You can track your IRM Energy Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The IRM Energy Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.