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IRMENERGYEQ / NSE, BSEListed
IRM Energy

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.

DRHPANCHOR
₹480 - ₹50527.05x sub
Listed Price₹477.25
Listing Gain-5.50%

IPO Schedule & Timeline

Book Built Issue IPO
Open18 Oct 2023
Close20 Oct 2023
Allotment24 Oct 2023
Listing26 Oct 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB52,92,000 shares
49%
Nii (hni)15,87,600 shares
14.7%
Retail37,04,400 shares
34.3%
Employee2,16,000 shares
2%

Minimum Application Lots

Retail1 Lot (29 shares)
₹14,645
sHNI14 Lots (406 shares)
₹2,05,030
bHNI69 Lots (2,001 shares)
₹10,10,505

Company Promoters

Dr. Rajiv Indravadan ModiCadila Pharmaceuticals LimitedIRM Trust

Company Background

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...

Lead Managers & Bankers

Hdfc Bank LimitedBob Capital Markets Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Jun 2023)₹248.63 Cr
Growth+49.7%
Revenue Trend (₹ in Crores)
0.0400.6801.21.2kMar 2020Mar 2021Mar 2022Mar 2023Jun 2023
PeriodRev (Cr)PAT (Cr)AssetsDebt
Jun 2023248.6326.91838.21321.24
Mar 20231,045.1063.14792.90303.83
Mar 2022549.19128.03554.80202.59
Mar 2021212.5434.89338.11163.35
Mar 2020166.1321.07267.16146.74

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values20.9318.23%14.19%24.1332.8

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
24 Oct 2023
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
26 Oct 2023

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for IRM Energy. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization24 Oct 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date26 Oct 2023Trading commences on exchange

How to Check IRM Energy Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select IRM Energy from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Official FilingDRHP
Filing UnavailableANCHOR
N/A

Allotment FAQs & Help

About IRM Energy IPO

Complete issue overview for IRM Energy (IRMENERGY) IPO. The issue features an equity share price band of ₹480 – ₹505 per share with a minimum retail lot size of 29 Shares (minimum application amount of ₹14,645). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions