IRM Energy Limited
ListedMainboardIndustrial & 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
Close
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
Overall Subscription
27.05x
Total Demand
QIB Multiplier
44.73x
Institutions & Funds
NII / HNI
48.34x
High Net-Worth
Retail (RII)
9.29x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 2,116,800 | 94,676,126 | 44.73x |
| NIB | 1,587,600 | 76,751,168 | 48.34x |
| HNIs(10L +) | 1,058,400 | 55,338,757 | 52.29x |
| HNIs (2-10L) | 529,200 | 21,412,411 | 40.46x |
| RETAIL | 3,704,400 | 34,401,772 | 9.29x |
| EMPLOYEES | 216,000 | 441,844 | 2.05x |
| Total | 9,212,400 | 283,022,078 | 27.05x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 130,345 | 1,210,905 | 9.29x |
| HNIs (10L +) | 834 | 40,316 | 48.34x |
| HNIs (2-10L) | 3,990 | 192,877 | 48.34x |
| Total Applications | 135,169 | 1,444,098 | 10.68x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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?
Currently, IRM Energy Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹480 to ₹505 per equity share.
What is the expected profit per lot for IRM Energy Limited IPO?
The retail lot size is 29 shares requiring a minimum application amount of ₹14,645. Expected listing price is ₹505 per equity share.
What is the issue size and price band for IRM Energy Limited IPO?
The IRM Energy Limited IPO aggregate issue size is ₹545.4 Crores with an equity price band set at ₹480 to ₹505 per equity share. The retail lot size is 29 shares requiring a minimum capital outlay of approx. ₹14,645.
How can I check IRM Energy Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 27.05x (Retail: 9.29x, QIB: 44.73x, NII: 48.34x). You can track live multiples directly on our dedicated subscription page.
Where and when will IRM Energy Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2023-10-24. Investors can verify status using PAN card or application number.
When is the listing date for IRM Energy Limited IPO?
IRM Energy Limited shares are scheduled to list on NSE and BSE on 2023-10-26.