IRM Energy IPO GMP, Price, Date, Allotment

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Last updated on October 30, 2023

IRM Energy IPO GMP

IRM Energy IPO description – Incorporated in 2015, IRM Energy is engaged in the business of laying, building, operating, and expanding the city or local natural gas distribution network. It is an integrated value-driven energy enterprise, developing natural gas distribution projects in the geographical areas (GAs) for industrial, commercial, domestic, and automobile customers. Natural gas demand from the CGD sector is likely to log growth at 15-16% CAGR between Fiscal 2022 and Fiscal 2030.

IRM Energy is a city gas distribution (CGD) company in India, with operations at Banaskantha (Gujarat), Fatehgarh Sahib (Punjab), Diu & Gir Somnath (Union Territory of Daman and Diu/Gujarat), and Namakkal & Tiruchirappalli (Tamil Nadu).

The company distributes CNG for use in motor vehicles and PNG for use by domestic households as well as for commercial and industrial units. IRM Energy served 168 industrial customers, 202 commercial customers, and 43,183 domestic customers as of 30 September 2022.

The company has established a network of 56 CNG filling stations, comprising 2 stations owned and operated by the company (‘COCO Stations’), 30 CNG stations owned and operated by dealers (‘DODO Stations’) and 24 CNG stations owned and operated by oil marketing companies (‘OMC Stations’) as at 30 September 2022.

IRM Energy IPO

Promoters of IRM Energy Industries – Dr. Rajiv Indravadan Modi, Cadila Pharmaceuticals Limited, and Irm Trust


IRM Energy IPO Details

IRM Energy IPO Dates18 – 20 October 2023
IRM Energy IPO Price INR 480 – 505 per share
(Employee Discount – INR 48 per share)
Fresh issue10,800,000 shares
INR 518.4 – 545.4 crore
Offer For SaleNA
Total IPO size10,800,000 shares
INR 518.4 – 545.4 crore
Minimum bid (lot size)29 shares
INR 14,645
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE, BSE

IRM Energy Financial Performance

 FY 2020FY 2021FY 2022FY 2023
Revenue165.66211.81546.141,039.14
Expenses134.80166.46396.83970.66
Net income21.0334.87128.0463.08
Margin (%)12.6916.4623.446.07
Figures in INR Crore unless specified otherwise

IRM Energy Offer News


IRM Energy Valuations & Margins

FY 2020FY 2021FY 2022FY 2023
EPS8.6012.3943.8820.93
PE ratio22.93 – 24.13
RONW (%)28.1929.6752.5318.23
NAV27.5540.5582.98114.48
ROCE (%)16.9419.9839.0114.19
EBITDA (%)33.6738.4939.6112.14
Debt/Equity 1.801.170.590.86
As per Consolidated Financial Information

IRM Energy IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
25 October 2023502201,200
23 October 2023502201,200
20 October 2023552301,400
19 October 2023702501,900
18 October 2023752702,100
17 October 2023881,800
16 October 2023851,700
14 October 2023951,800
13 October 2023901,800
12 October 20231002,000
11 October 2023120

IRM Energy IPO Subscription – Live Updates

CategoryQIBNIIRetailEmployeesTotal
Shares Offered21,16,80015,87,60037,04,4002,16,00094,96,114
20 Oct 202344.7348.349.282.0427.05
19 Oct 20231.189.104.380.944.37
18 Oct 20231.084.522.900.642.67

IRM Energy IPO Allotment Status

IRM Energy IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.


IRM Energy IPO Dates & Listing Performance

IRM Energy IPO Opening Date18 October 2023
IRM Energy IPO Closing Date20 October 2023
Finalization of Basis of Allotment23 October 2023
Initiation of refunds24 October 2023
Transfer of shares to demat accounts26 October 2023
IRM Energy IPO Listing Date26 October 2023
Opening Price on NSEINR 477.25 per share (down 5.50%)
Closing Price on NSEINR 473.15 per share (down 6.31%)

IRM Energy IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research –
Asit C Mehta –
BP Wealth – Subscribe
Canara Bank Securities – Subscribe
Choice Broking – Subscribe with Caution
Dalal & Broacha –
Elite Wealth –
Geojit –
GEPL Capital –
Hem Securities –
InvestmentZ –
ICICIdirect –
Jainam Broking –
KR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang – Subscribe
Reliance Securities –
Religare Broking –
Samco Securities – Not Rated
SMC Global – 2/5
Swastika Investmart –
Ventura Securities – Not Rated


IRM Energy Offer Lead Manager

HDFC BANK LIMITED
Investment Banking Group, Unit No. 401 & 402,
4th Floor, Tower B, Peninsula Business Park,
Lower Parel, Mumbai 400 013 Maharashtra, India
Phone: +91 22 3395 8233
Email[email protected]
Website: www.hdfcbank.com


IRM Energy Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: [email protected]
Website: www.linkintime.co.in


IRM Energy Contact Details

IRM ENERGY LIMITED
4th Floor, Block 8, Magnet Corporate Park,
Near Sola Bridge, S.G. Highway Ahmedabad, Gujarat – 380054
Phone: +91 79490 31500
E-mail: [email protected]
Website: www.irmenergy.com


IRM Energy IPO FAQs

How many shares in IRM Energy IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply in IRM Energy Public Offer?

The best way to apply in IRM Energy public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is IRM Energy IPO GMP today?

IRM Energy IPO GMP today is INR 50 per share.

What is IRM Energy’s kostak rate today?

IRM Energy’s kostak rate today is INR 220 per application.

What is IRM Energy Subject to the Sauda rate today?

IRM Energy Subject to Sauda rate today is INR 1,200 per application.

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