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

452.00 (-10.5%)

52 Week High

641.00

52 Week Low

404.00

Last Update

19-Sep-2024 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 Subscription 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

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-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 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.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
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 - Promoter(s)

Pre Issue Share Holding: 67.94%

Post Issue Share Holding: N/A%

Company Promoter(s)

Dr. Rajiv Indravadan Modi
Cadila Pharmaceuticals Limited
IRM Trust

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 - 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.