What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the IRM Energy Limited IPO allotment date?

The basis of allotment for IRM Energy Limited IPO is scheduled to be finalized on 24 Oct 2023.

Where can I check IRM Energy Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Link Intime India Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 25 Oct 2023.

IPO GreyPremiumLIVE

Grey Market Intelligence

IRM Energy Limited

ListedMainboard

Industrial & Financial Services · NSE / BSE

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.

Price Band

₹480 – ₹505

Issue Size

₹545 Cr

Lot Size

29 shares

GMP

—

Est. Listing

₹505

at current GMP

Subscribed

27.05x

overall

Open

18 Oct 2023

20 Oct 2023

Allotment

24 Oct 2023

Refund

25 Oct 2023

Demat Credit

26 Oct 2023

Listing

26 Oct 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

IRM Energy Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

24 Oct 2023

Basis finalization

Refunds Initiate

25 Oct 2023

Mandate release

Demat Credit

26 Oct 2023

Shares in demat

Listing Debut

26 Oct 2023

Trading begins

About IRM Energy Limited Public Issue & Market Profile

IRM Energy Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹545.4 Crores. The shares are offered at a price band of ₹480 to ₹505 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2023-10-20, the basis of allotment is scheduled to be finalized on 2023-10-24. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.

IRM Energy Limited

IRM Energy Limited Allotment Status

How to Check IRM Energy Limited IPO Allotment Status

About IRM Energy Limited Public Issue & Market Profile

Frequently Asked Questions

What if my name is not showing on the registrar portal?

How will I receive the refund if I don't get allotment?