What is the issue size of IRM Energy Ltd IPO?

IRM Energy Ltd IPO, which opens for subscription from to 20 October 2023 has an issue size of ₹544.36 crore. The issue type is book building issue.

I have pre-applied for IRM Energy Ltd IPO. When will my order get placed?

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

What are the open and close dates for IRM Energy Ltd IPO?

IRM Energy Ltd IPO Opens for subscription from 18 October 2023 to 20 October 2023

What is the lot size and minimum order quantity of the IRM Energy Ltd IPO?

The lot size of IRM Energy Ltd is 29 shares. Retail investors can subscribe to minimum 1 lot and maximum 13 lots. The minimum and maximum application value is ₹14,645 and ₹1,90,385 respectively.

What are the allotment dates for the IRM Energy Ltd IPO?

Allotment date for IRM Energy Ltd is 23 October 2023 and refund of application amount (in case allotment is not received) will begin from 23 October 2023. If your allotment goes through, then shares will be credited in your Demat account by 25 October 2023.

Who is the registrar of IRM Energy Ltd IPO?

The registrar for IRM Energy Ltd IPO is -. You can check your IPO allotment status on the registrar's website.

Where is the IRM Energy Ltd IPO getting listed?

The shares of IRM Energy Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)

IRM Energy Ltd IPO

Price Range
₹480 - ₹505
Min. Quantity
29 Shares
Closes on
20 October 2023
Min. investment
₹14,645

IRM Energy Ltd IPO Timeline

Event	Date
IRM Energy Ltd IPO Opening Date	18 October 2023
IRM Energy Ltd IPO Closing Date	20 October 2023
Basis of Allotment	23 October 2023
Initiation of Refunds	23 October 2023
Credit of Shares to Demat	25 October 2023
IRM Energy Ltd IPO Listing Date	26 October 2023

IRM Energy Ltd IPO Details

IRM Energy Ltd IPO Date	18 October 2023 to 20 October 2023
IRM Energy Ltd IPO Face Value	₹10 per share
IRM Energy Ltd IPO Price	₹480 to ₹505 per share
IRM Energy Ltd IPO Lot Size	29
Issue Size	Shares of ₹10 (aggregating up to ₹544.36 Cr)
Fresh Issue	Shares of ₹10 (aggregating up to ₹545.4 Cr)
Offer for Sale	-
Issue Type	(Book Built Portion)
Listing At	BSE, NSE
QIB Shares Offered	Not more than 21,16,800 of the Net Offer
Retail Shares Offered	Not less than 37,04,400 of the Net Offer
NII (HNI) Shares Offered	Not less than 15,87,600 of the Net Offer
Company Promoters	Rajiv Indravadan Modi, Cadila Pharmaceuticals Ltd, Irm Trust

IRM Energy Ltd IPO Lot Size

The IRM Energy Ltd IPO lot size is 29 shares. A retail-individual investor can apply for up to 13 lots (377 shares or ₹1,90,385).

Application	Lots	Shares	Amount
Minimum	1	29	₹14,645
Maximum	13	377	₹1,90,385

Strengths
Risks
Opportunities

Exclusivity in CNG and PNG supply in the awarded GAs.
Successful development and operation of CGD business.
Diverse customer portfolio and distribution network of CNG and PNG.
Strong parentage, experienced board and management team and strong execution team.
Technology adoption and digital initiatives for efficient and optimal operations.
Connectivity to gas pipelines and establishing cost-effective gas sourcing arrangements.
Strong financial performance and consistent growth and profitability supported by healthy operating efficiency and favorable regulations.

Company Financials

IRM Energy Ltd Financial Information (Restated)

Period Ended	Total Assets	Total Revenue	Profit After Tax
03-2025	1,256.56	1,009.89	47.05
03-2024	1,281.57	914.34	91.50
03-2023	772.04	986.05	56.48
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
General Corporate Purposes

IRM Energy Ltd IPO Promoter Holding

Pre Issue Share Holding	-
Post Issue Share Holding	-

IRM Energy Ltd IPO Subscription Status (Bidding Detail)

The IRM Energy Ltd IPO is subscribed 27.05 times on 20 October 2023 05:00:00 PM. The public issue subscribed 9.29 times in the retail category, 44.73 times in the QIB category, and 48.34 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category	QIB	NII	Retail	Employee	Total
Subscription (times)	44.73	48.34	9.29	2.05	27.05

IRM Energy Ltd IPO Prospectus

IRM Energy Ltd RHP

IRM Energy Ltd IPO Listing Date

BSE Script
NSE Symbol
Listing In	BSE, NSE
ISIN	INE07U701015
IPO Price	₹-
Face Value	₹-

Company Contact Information

IRM Energy Ltd
4th Floor Block 8 MagnetCorporate Park S G Highway,Ahmedabad-380054
Phone: 91-7949031500
Email: investor.relations@irmenergy.com
Website: www.irmenergy.com

IRM Energy Ltd IPO Registrar

Phone:-
Email:
Website: -

IRM Energy Ltd IPO Lead Manager(s)

How to Check the Allotment Status of IRM Energy Ltd IPO?

To check the IPO allotment status, follow these steps:

Visit the official website of the IPO registrar.
Navigate to the IPO Allotment Status page.
Select “IRM Energy Ltd” from the list of available IPOs.
Enter any one of these - PAN Number, Application Number, DP/Client ID.
Click on Submit to view your allotment status.

Alternatively, you can also check the allotment status on the stock exchange websites such as NSE or BSE.

About IRM Energy Ltd IPO

IRM Energy Limited was incorporated as a Private Limited Company in the name of IRM Energy Private Limited' vide Certificate of Incorporation dated December 1, 2015, issued by the Registrar of Companies, Gujarat at Ahmedabad. Subsequently, Company was converted from a Private Company to Public Company and the name of Company was changed to IRM Energy Limited' through a Fresh Certificate of Incorporation dated March 23, 2022, was issued by the RoC.