The IRM Energy IPO commenced on October 18, 2023, and concluded on October 21, 2023. The allotment of shares took place on October 27, 2023, and the initiation of refunds began on October 27, 2023. The shares were credited to the demat accounts of investors on October 30, 2023. Finally, the listing of IRM Energy on the stock exchange occurred on October 31, 2023.
The IRM Energy IPO was priced at ₹480 to ₹505 per share, with a lot size of 29 shares. The total issue size was ₹545.40 crores, comprising a fresh issue of ₹545.40 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
IRM Energy IPO Basic Details
| Company Name | IRM Energy Limited |
| Domain of Company | Gas Distribution Company |
| IRM Energy IPO GMP Today | ₹65 |
| IRM Energy IPO Listing Gain | 12.87% |
| IRM Energy IPO Open Date | October 18, 2023 |
| IRM Energy IPO Close Date | October 20, 2023 |
| IRM Energy IPO Allotment Date | October 27, 2023 |
| IRM Energy IPO Listing Date | October 31, 2023 |
| Face Value | ₹10 per share |
| Price | ₹480 to ₹505 per share |
| Lot Size | 29 Shares |
| Issue Size | 10,800,000 shares of ₹10 (aggregating up to ₹545.40 Cr) |
| Fresh Issue | 10,800,000 shares of ₹10 (aggregating up to ₹545.40 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Dr. Rajiv Indravadan Modi, Cadila Pharmaceuticals Limited, and IRM Trust |
IRM Energy IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹65 | 12.87% | – | – |
| 15 October 2023 | ₹65 | 12.87% | – | – |
IRM Energy Limited IPO Details:
IRM Energy Limited, founded in 2015, is a company that distributes natural gas. They’re all about making sure people, businesses, and even cars get the natural gas they need.
They’re located in a few places like Banaskantha District in Gujarat, Fatehgarh Sahib in Punjab, and Diu & Gir-Somnath in Daman & Diu and Gujarat.
They supply natural gas to 48,172 homes, 179 factories, and 248 businesses.
These guys are good at what they do, and in 2020, they won the “City Gas Distribution- Growing Company of the Year” award from the Federation of Indian Petroleum Industries.
By September 2022, they had 216 CNG gas stations in the areas they serve.
IRM Energy IPO More Details Click Here
IRM Energy IPO FAQs
When is IRM Energy IPO open?
IRM Energy IPO will open on 18 October 2023.
When is IRM Energy IPO Close?
IRM Energy IPO will be closed on 21 October 2023.
What is IRM Energy IPO GMP Today?
The IRM Energy IPO GMP aka Grey Market Premium is ₹65.
What is IRM Energy IPO Kostak Rates Today?
The IRM Energy IPO Kostak Rate is ₹000.
What is IRM Energy IPO Subject to Sauda Price Today?
The IRM Energy IPO subject to sauda rates is ₹000.
IRM Energy IPO Expected Returns?
The IRM Energy expected return is 12.87%.
How much will be the listing gain in IRM Energy IPO?
IRM Energy IPO will get listing gain of 12.87%. (Approx.)
