The IRM Energy IPO started on October 18, 2023, and ended on October 21, 2023. Shares were allocated on October 27, 2023, and refund processes began on October 27, 2023. On October 30, 2023, the shares were credited to investors demat accounts. IRM Energy was officially listed on the stock exchange on October 31, 2023.
During the IPO, IRM Energy offered shares at a price range of ₹480 to ₹505 per share, and the lot size was 29 shares. The total issue size was ₹545.40 crores, with ₹545.40 crores from new shares. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
IRM Energy Limited IPO Subscription Update Video
IRM Energy IPO Subscription Status
The IRM Energy IPO on October 18, 2023 was subscribed times, with the retail category being subscribed times, the NII (Non-Institutional Investor) category being subscribed times, the QIB (Qualified-Institutional Buyers) category being subscribed times and the Employee category being subscribed times.
| Category | Subscription |
| QIB | x |
| NII | x |
| Retail | x |
| Employee | x |
| Total | x |
IRM Energy Ltd IPO Basic Details
| Company Name | IRM Energy Limited |
| Domain of Company | Gas Distribution Company |
| 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 |
About IRM Energy Limited
IRM Energy Limited, founded in 2015, is a company that delivers natural gas. They work on building and running local gas networks. IRM Energy serves businesses, homes, and vehicles and is all about providing value.
They’re active in Banaskantha District in Gujarat, Fatehgarh Sahib in Punjab, and in Diu & Gir-Somnath, which is part of both Daman & Diu and Gujarat.
They meet the natural gas needs of 48,172 homes, 179 industries, and 248 businesses.
In 2020, they earned the “City Gas Distribution- Growing Company of the Year” award from the Federation of Indian Petroleum Industries.
As of September 2022, they have 216 CNG gas stations in the areas they serve.
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IRM Energy IPO FAQs
What is the start and end date of IRM Energy IPO Subscription?
The IRM Energy IPO started on October 18, 2023, and ended on October 21, 2023.
When does IRM Energy IPO Subscription open?
The IRM Energy IPO open on October 18, 2023.
When does IRM Energy IPO Subscription close?
The IRM Energy IPO Close on October 21, 2023.
What is the allotment date of IRM Energy IPO?
The allotment date for IRM Energy IPO is October 27, 2023.
When is the initial refund date of IRM Energy IPO?
The initial Refund date for IRM Energy IPO is October 27, 2023.
When were the shares credited to investors demat accounts for the IRM Energy IPO?
The shares for the IRM Energy IPO were credited to investors demat accounts on October 30, 2023.
When will IRM Energy IPO be listed on the stock market?
IRM Energy IPO stock market will be listed on October 31, 2023 at 10 am.
What was the price range of the IRM Energy IPO shares?
The IRM Energy IPO shares were offered at a price range of ₹480 to ₹505 per share.
What was the lot size for the IRM Energy IPO shares?
The lot size for the IRM Energy IPO shares was 29 shares.
What was the total issue size of the IRM Energy IPO?
The total issue size of the IRM Energy IPO was ₹545.40 crores.
How were the shares allocated among different types of investors for the IRM Energy IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the IRM Energy IPO listed?
The IRM Energy IPO was listed on both the NSE and BSE.
What is the IRM Energy IPO Subscription Status?
IRM Energy IPO is subscribed Times.
