IRM Energy Limited IPO (IRM Energy IPO)

IRM Energy IPO is a book-built offering amounting to Rs 545.40 crores. The entire issue consists of a fresh issuance of 1.08 crore shares.

The subscription period for the IRM Energy IPO opens on October 18, 2023, and concludes on October 20, 2023. The final allotment for this IPO is expected to be determined by Friday, October 27, 2023. IRM Energy IPO will be listed on both BSE and NSE, with the proposed listing date set for Tuesday, October 31, 2023.

The price range for the IRM Energy IPO is established at ₹480 to ₹505 per share. The minimum lot size for application is 29 shares, requiring a minimum investment of ₹14,645 for retail investors. Super Non-Institutional Investors (sNII) need a minimum investment in 14 lots (406 shares), totaling ₹205,030, while Big Non-Institutional Investors (bNII) require 69 lots (2,001 shares), amounting to ₹1,010,505.

HDFC Bank Limited and BOB Capital Markets Limited serve as the book-running lead managers for the IRM Energy IPO, with Link Intime India Private Ltd acting as the registrar for this issue.

For more comprehensive information, please refer to the IRM Energy IPO RHP.

IRM Energy IPO Objectives

The company has outlined the utilization of the Net Proceeds from the Issue for the following objectives:

1. Funding the capital expenditure requirements related to the development of the City Gas Distribution network in the Geographical Areas of Namakkal and Tiruchirappalli (Tamil Nadu) during Fiscal 2024, Fiscal 2025, and Fiscal 2026.
2. Prepayment or repayment, either in full or in part, of specific outstanding borrowings obtained by the Company.
3. General corporate purposes.

IRM Energy IPO Details

Open and Close Date of IRM Energy Limited IPO

The subscription for the IPO will be open from October 18 and will close on October 20, 2023.

IRM Energy Limited IPO share price

The price band for the IRM Energy IPO has been set at ₹480 to ₹505 per share.

IRM Energy IPO Issue Type, Face Value, IPO Price, Market Lot, Listing, Total Issue Size

IRM Energy IPO Promoter Holding

The promoters of the company are Dr. Rajiv Indravadan Modi, Cadila Pharmaceuticals Limited, and IRM Trust.

IRM Energy Limited’ Financial Information (Reiterated)

IRM Energy 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

IRM Energy IPO Lead Manager

1. Hdfc Bank Limited
2. Bob Capital Markets Limited

Contact Information

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/

IRM Energy IPO Prospectus

IRM Energy IPO DRHP

IRM Energy IPO RHP

How to apply for the IRM Energy IPO?

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