IRM Energy Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

18 Oct 2023

Close Date

20 Oct 2023

Allotment

27 Oct 2023

Listing Date

26 Oct 2023

Exchange

NSE & BSE

Price Band

₹505

Listing Price

See chart

Allotment Status

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Price Band

₹505

Per share

Face Value

₹10 per share

Lot Size

29 Shares

per lot

Issue Size

1,08,00,000 shares (aggregating up to ₹545.00 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,645

1 lot

Post-IPO Holding

4,10,59,677 shares

Promoters

P/E (Pre)

24.13x

P/E (Post)

32.8x

EPS (Pre)

₹20.93

UPI Deadline

2023-10-20

Mandate

Anchor AllotmentTue, 17 Oct 2023

Basis of AllotmentFri, 27 Oct 2023

Refund InitiationFri, 27 Oct 2023

Demat CreditMon, 30 Oct 2023

Listing DayThu, 26 Oct 2023

UPI Mandate Deadline2023-10-20

Sale TypeFresh Capital

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

IRM Energy Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 20 Oct 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	10,800,000	100%	₹545.40

IPO Shares Offered

IRM Energy Ltd. IPO total issue size: ₹545.40 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	10,800,000	₹545.40	100.00%

* Based on upper price band ₹505 per share

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹505.00

Upper Band

Min Investment

₹14,645

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	58	₹29,290
Retail (Max — 13 Lots)	13	377	₹190,385
S-HNI (Min — 14 Lots)	14	406	₹205,030
B-HNI (Min — 69 Lots)	69	2,001	₹1,010,505

* Issue Price ₹505 × Lot Size 29 shares

IPO Schedule

Anchor

17 Oct 2023

✓ Done

IPO Open

18 Oct 2023

✓ Done

IPO Close

20 Oct 2023

✓ Done

Allotment

27 Oct 2023

✓ Done

Refunds

27 Oct 2023

✓ Done

Demat Credit

30 Oct 2023

✓ Done

Listing Day

26 Oct 2023

✓ Done

₹505.00

INR · BSE

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Issue ₹505.00 Live Price

About IRM Energy Ltd.

Incorporated in 2015, IRM Energy Limited is a gas distribution company. The company is involved in developing, operating, and expanding of local natural gas distribution network. IRM Energy is a value-driven energy enterprise serving industrial, commercial, domestic, and automobile customers.The company has marked its presence in Banaskantha District in the state of Gujarat, Fatehgarh Sahib in the state of Punjab, and Diu & Gir-Somnath in the Union Territory of Daman & Diu and the state of Gujarat.The company is fulfilling the natural gas requirements of 48172 domestic clients, 179 industrial units, and 248 commercial clients.The company has received an award of City Gas Distribution- Growing Company of the Year 2020 from the Federation of Indian Petroleum Industries.As of September 2022, the company has 216 CNG gas stations across its operating geographical areas.

Objects of the Issue

Funding capital expenditure requirements for the development of the City Gas Distribution network in the Geographical Areas of Namakkal and Tiruchirappalli (Tamil Nadu) in Fiscal 2024, Fiscal 2025 and Fiscal 2026;

Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; and

General corporate purposes.

IRM Energy Ltd. Financials (Amount in Crore)

Revenue from Operations

₹549.2

31 Mar 2022

₹1,045.1

31 Mar 2023

₹248.6

30 Jun 2023

Profit After Tax (PAT)

₹128.0

31 Mar 2022

₹63.1

31 Mar 2023

₹26.9

30 Jun 2023

Particulars	30 Jun 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	248.63	1045.10	549.19
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	26.91	63.14	128.03
Net Worth	373.33	346.42	243.72
Total Assets	838.21	792.90	554.80
Reserves & Surplus	N/A	N/A	193.30
Borrowings	321.24	303.83	202.59
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

18.23%

RoCE

14.19%

RoNW

18.23%

Debt/Equity

0.93

Issue Structure & Shareholding

Total Shares Offered1,08,00,000 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter HoldingN/A

Post-Issue Promoter Holding4,10,59,677 shares

P/BV RatioN/A

RoE18.23%

RoCE14.19%

Debt / Equity0.93

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

irmenergy.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

HDFC Bank Ltd.

BOB Capital Markets Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much IRM Energy Ltd. IPO subscribed? ▲

IRM Energy Ltd. IPO is subscribed 1.00 times by Oct 20, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is IRM Energy Ltd. IPO retail subscription status? ▼

The IRM Energy Ltd. IPO retail category is subscribed 1.00 times as of 20 Oct 2023. The retail portion is oversubscribed.

How to subscribe IRM Energy Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 18 Oct 2023 and closes 20 Oct 2023. Min investment: ₹14,645 (1 lot = 29 shares). UPI mandate: 2023-10-20.

How many times IRM Energy Ltd. IPO subscribed? ▼

The IRM Energy Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check IRM Energy Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 27 Oct 2023. Refunds: on 27 Oct 2023.

When IRM Energy Ltd. IPO will be listed? ▼

The IRM Energy Ltd. IPO listing date is 26 Oct 2023, Thursday. Listed on: NSE & BSE. Issue price: ₹505. Estimated listing: ₹505. GMP: NIL.

When IRM Energy Ltd. IPO close? ▼

The IRM Energy Ltd. IPO closes on 20 Oct 2023, Friday. UPI mandate: 2023-10-20. Allotment: 27 Oct 2023. Listing: 26 Oct 2023.

Quick Actions

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Live Price LIVE

Last Price₹505.00

Change—

Issue Price₹505.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹505

Face Value₹10

Lot Size29 Sh

Min. Amount₹14,645

GMPNIL

Est. Listing₹505

Subscribed1.00x

Open Date18 Oct 2023

Close Date20 Oct 2023

Allotment27 Oct 2023

Listing Date26 Oct 2023

ExchangeNSE & BSE

UPI Deadline2023-10-20