Listed Price₹477.25
Listing Gain-5.50%
Price Band₹480 - ₹505
Lot Size29 shares
Min Bid₹14,645
Subscription27.05x
Listed Market Snapshot
₹477.25Listed price from market data
-5.50%listing gain
Issue Amount
₹545.4 Cr
Listed Price
₹477.25
Current Price
₹279.85
Registrar
Link Intime India Private Limited
Timeline•Book Built Issue IPO
Open18 Oct 2023
Close20 Oct 2023
Allotment24 Oct 2023
Listing26 Oct 2023
Quota Reservation Portions
QIBPortion: 52,92,000 shares
49%Nii (hni)Portion: 15,87,600 shares
14.7%RetailPortion: 37,04,400 shares
34.3%EmployeePortion: 2,16,000 shares
2%Minimum Application Bracket Matrix
Retail1 lots / 29 shares
₹14,645sHNI14 lots / 406 shares
₹2,05,030bHNI69 lots / 2,001 shares
₹10,10,505About the Company
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.
Company Promoters
Dr. Rajiv Indravadan ModiCadila Pharmaceuticals LimitedIRM Trust
Lead Managers
Registrar
Link Intime India Private Limited