IRM Energy Ltd
Price Range
₹480 - ₹505
Min. Quantity
29
Closes on
20 October 2023
Min. investment
₹14,645/377 Shares
IRM Energy Ltd IPO Timeline
IRM Energy Limited was incorporated as a Private Limited Company in the name of IRM Energy Private Limited' vide Certificate of Incorporation dated December 1, 2015, issued by the Registrar of Companies, Gujarat at Ahmedabad. Subsequently, Company was converted from a Private Company to Public Company and the name of Company was changed to IRM Energy Limited' through a Fresh Certificate of Incorporation dated March 23, 2022, was issued by the RoC.
| Event | Date |
|---|---|
| IRM Energy Ltd IPO Opening Date | 18 October 2023 |
| IRM Energy Ltd IPO Closing Date | 20 October 2023 |
| Basis of Allotment | 23 October 2023 |
| Initiation of Refunds | 23 October 2023 |
| Credit of Shares to Demat | 25 October 2023 |
| IRM Energy Ltd IPO Listing Date | 26 October 2023 |
IRM Energy Ltd IPO Details
| IRM Energy Ltd IPO Date | 18 October 2023 to 20 October 2023 |
| IRM Energy Ltd IPO Face Value | ₹10 per share |
| IRM Energy Ltd IPO Price | ₹480 to ₹505 per share |
| IRM Energy Ltd IPO Lot Size | 29 |
| Issue Size | Shares of ₹10 (aggregating up to ₹544.36 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹545.4 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 21,16,800 of the Net Offer |
| Retail Shares Offered | Not less than 37,04,400 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15,87,600 of the Net Offer |
| Company Promoters | Rajiv Indravadan Modi, Cadila Pharmaceuticals Ltd, Irm Trust |
IRM Energy Ltd IPO Lot Size
The IRM Energy Ltd IPO lot size is 29 shares. A retail-individual investor can apply for up to 13 lots (377 shares or ₹1,90,385).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 29 | ₹14,645 |
| Maximum | 13 | 377 | ₹1,90,385 |
- Strengths
- Risks
- Opportunities
- Exclusivity in CNG and PNG supply in the awarded GAs.
- Successful development and operation of CGD business.
- Diverse customer portfolio and distribution network of CNG and PNG.
- Strong parentage, experienced board and management team and strong execution team.
- Technology adoption and digital initiatives for efficient and optimal operations.
- Connectivity to gas pipelines and establishing cost-effective gas sourcing arrangements.
- Strong financial performance and consistent growth and profitability supported by healthy operating efficiency and favorable regulations.
Company Financials
IRM Energy Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 1,281.57 | 914.34 | 91.50 |
| 03-2023 | 772.04 | 986.05 | 56.48 |
| 03-2022 | 540.6 | 510.19 | 113.56 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
- General Corporate Purposes
IRM Energy Ltd IPO Promoter Holding
| Pre Issue Share Holding | - |
| Post Issue Share Holding | - |
IRM Energy Ltd IPO Subscription Status (Bidding Detail)
The IRM Energy Ltd IPO is subscribed 27.05 times on 20 October 2023 05:00:00 PM. The public issue subscribed 9.29 times in the retail category, 44.73 times in the QIB category, and 48.34 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 44.73 | 48.34 | 9.29 | 2.05 | 27.05 |
IRM Energy Ltd IPO Prospectus
IRM Energy Ltd IPO Listing Date
| Listing Date | 26 October 2023 |
| BSE Script | 544004 |
| NSE Symbol | IRMENERGY |
| Listing In | BSE, NSE |
| ISIN | INE07U701015 |
| IPO Price | ₹505 |
| Face Value | ₹10 |
Company Contact Information
4th Floor Block 8 MagnetCorporate Park S G Highway,Ahmedabad-380054
Phone: 91-7949031500
Email: investor.relations@irmenergy.com
Website: www.irmenergy.com
IRM Energy Ltd IPO Lead Manager(s)
FAQ
What is the issue size of IRM Energy Ltd IPO?
I have pre-applied for IRM Energy Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.