IRM Energy Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 17-10-2023 | 19-10-2023 | ₹10 | 0 | 29 Shares | Main Line | 10,800,000 shares (aggregating up to ₹545.40 Cr) | 2023-10-26 18:30:00 | 2023-10-26 18:30:00 | 2023-10-29 18:30:00 | 30-10-2023 |
About The Company
IRM Energy IPO is a book built issue of Rs 545.40 crores. The issue is entirely a fresh issue of 1.08 crore shares.
IRM Energy IPO bidding opened for subscription on October 18, 2023 and will close on October 20, 2023. The allotment for the IRM Energy IPO is expected to be finalized on Friday, October 27, 2023. IRM Energy IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, October 31, 2023.
IRM Energy IPO price band is set at ₹480 to ₹505 per share. The minimum lot size for an application is 29 Shares. The minimum amount of investment required by retail investors is ₹14,645. The minimum lot size investment for sNII is 14 lots (406 shares), amounting to ₹205,030, and for bNII, it is 69 lots (2,001 shares), amounting to ₹1,010,505.
The issue includes a reservation of up to 216,000 shares for employees offered at a discount of Rs 48 to the issue price.
Hdfc Bank Limited and Bob Capital Markets Limited are the book running lead managers of the IRM Energy IPO, while Link Intime India Private Ltd is the registrar for the issue.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 29-06-2023 | 838 | 249 | 27 | 373.33 | 0 | 321.24 |
| 30-03-2023 | 793 | 1045 | 63 | 346.42 | 0 | 303.83 |
| 30-03-2022 | 555 | 549 | 128 | 243.72 | 193.3 | 202.59 |
| 30-03-2021 | 338 | 213 | 35 | 117.6 | 67.57 | 163.35 |
| 30-03-2020 | 267 | 166 | 21 | 74.74 | 30.31 | 146.74 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Anchor Investors | 1 |
| Qualified Institutions | 1.18 |
| Non-Institutional Buyers | 7.31 |
| bNII (bids above ₹10L) | 6.38 |
| sNII (bids below ₹10L) | 9.18 |
| Retail Investors | 4.03 |
| Employees | 0.85 |
| Total | 3.83 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 29 | 14645 |
| Retail (Max) | 13 | 377 | 190385 |
| S-HNI (Min) | 14 | 406 | 205030 |
| S-HNI (Max) | 68 | 1972 | 995860 |
| B-HNI (Min) | 69 | 2001 | 1010505 |
IPO Listing Details
| Listing Date | 30-10-2023 |
| BSE Script Code | N/A |
| NSE Symbol | N/A |
| ISIN | N/A |
| Final Issue Price | 10 |
Promoter holdings
Dr. Rajiv Indravadan Modi, Cadila Pharmaceuticals Limited, and IRM Trust
Contact Information of the Company
IRM Energy Limited
4th Floor, Block 8, Magnet
Corporate Park, Near Sola Bridge
S.G. Highway, Ahmedabad 380054
Phone: +917949031500
Email: investor.relations@irmenergy.com
Website: https://www.irmenergy.com/
IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: irmenergy.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
IPO Lead Manager
Hdfc Bank LimitedBob Capital Markets Limited