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.

What is the estimated listing price for IRM Energy Limited IPO?

Based on the upper price band of ₹505 and current GMP of ₹0, the estimated listing price is ₹505 (approx. 0.0% gain).

What is the expected profit per lot for IRM Energy Limited IPO?

With a lot size of 29 shares and current GMP of ₹0, expected profit per retail application lot is approximately ₹0.

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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

Live Grey Market Premium

IRM Energy Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹00.0%

Issue Price (Upper)

₹505

Band: ₹480 – ₹505

Estimated Listing Price

₹505

Upper price + GMP

Lot Size

29 shares

Min investment ₹14,645

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	—	0.0%	₹505
30 Oct 2026	—	0.0%	₹505
29 Oct 2026	—	0.0%	₹505

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is IRM Energy Limited IPO GMP today?

The latest grey market premium for IRM Energy Limited IPO is ₹0, which indicates an expected listing price of ₹505.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.

IRM Energy Limited

IRM Energy Limited GMP Today

IRM Energy Limited GMP Historical Trend

GMP History

Estimated Listing Price

About IRM Energy Limited Public Issue & Market Profile

Frequently Asked Questions

What is IRM Energy Limited IPO GMP today?

What does Kostak Rate and Sauda mean in IPO GMP?

Is Grey Market Premium officially recognized?