Published : October 14, 2023
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.
The company has outlined the utilization of the Net Proceeds from the Issue for the following objectives:
The subscription for the IPO will be open from October 18 and will close on October 20, 2023.
|IPO Open Date||Wednesday, October 18, 2023|
|IPO Close Date||Friday, October 20, 2023|
The price band for the IRM Energy IPO has been set at ₹480 to ₹505 per share.
|IPO Price||₹480 to ₹505 per share|
|Issue Type||Book Built Issue IPO|
|Face Value||₹10 per share|
|Market Lot||29 Shares|
|Listing At||BSE, NSE|
|Total Issue Size||10,800,000 shares|
(aggregating up to ₹545.40 Cr)
The promoters of the company are Dr. Rajiv Indravadan Modi, Cadila Pharmaceuticals Limited, and IRM Trust.
|Share Holding Pre Issue||67.94%|
|Share Holding Post Issue|
|Period Ended||30 Jun 2023||31 Mar 2023||31 Mar 2022||31 Mar 2021||31 Mar 2020|
|Profit After Tax||26.91||63.14||128.03||34.89||21.07|
|Reserves and Surplus||193.30||67.57||30.31|
Link Intime India Private Ltd
Phone: +91-22-4918 6270
IRM Energy Limited
4th Floor, Block 8, Magnet
Corporate Park, Near Sola Bridge
S.G. Highway, Ahmedabad 380054
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