IRM Energy Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹480 - ₹505
- Lot size
- 29 shares
- Issue amount
- ₹545.4 cr
- Total subscription
- 27.05×
- Opens
- 18 Oct 2023
- Closes
- 20 Oct 2023
- Allotment
- 24 Oct 2023
- Listing
- 26 Oct 2023
Offer at a glance
Issue overview
- Issue size
- 1,01,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹13,920
- Fresh issue
- ₹545.4 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,645
- Issue type
- Book Built Issue IPO
- Shares before issue
- 3,02,59,677
- Shares after issue
- 4,10,59,677
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 29 | ₹14,645 |
| sHNI | 14 | 406 | ₹2,05,030 |
| bHNI | 69 | 2,001 | ₹10,10,505 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 106.9 | 4,781.14 |
| RETAIL | 187.07 | 1,737.29 |
| NIB | 80.17 | 3,875.93 |
| HNIs 2+ | 26.72 | 1,081.33 |
| HNIs 10+ | 53.45 | 2,794.61 |
| EMPLOYEES | 10.91 | 22.31 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 20.93 |
| ROE | 18.23 |
| ROCE | 14.19 |
| RONW | 18.23 |
| PRE IPO(PE) | 24.13 |
| POST IPO(PE) | 32.8 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 2015, IRM Energy Limited is a gas distribution company engaged in developing, operating, and expanding local natural gas networks. The company serves industrial, commercial, domestic, and automobile customers across Banaskantha in Gujarat, Fatehgarh Sahib in Punjab, and Diu & Gir-Somnath in Daman & Diu and Gujarat. IRM Energy caters to 48,172 domestic clients, 179 industrial units, and 248 commercial clients, operating 216 CNG stations as of September 2022. The company was recognized as the City Gas Distribution – Growing Company of the Year 2020 by the Federation of Indian Petroleum Industries.
Promoters
Dr. Rajiv Indravadan Modi
Cadila Pharmaceuticals Limited
IRM Trust
Registrar & documents
Lead manager
Hdfc Bank Limited, Bob Capital Markets Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
4th Floor, Block 8, Magnet Corporate Park, Near Sola Bridge S.G. Highway, Ahmedabad 380054
+917949031500
[email protected]Company website ↗Understanding IRMENERGY IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.