IRM ENERGY LIMITED

IRM ENERGY LIMITED IPO

BSE, NSEClosed
Oct 18, 2023Open Date
Oct 20, 2023Close Date
TBAAllotment Date
Oct 26, 2023Listing Date

Subscription Details

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Employee2.05x
Retail9.29x
QIB44.73x
NIIs (Non-Institutional Investors)Main Category
48.34x

NII Sub-Categories

bHNI (> ₹10L)

Bids above ₹10L

52.29x

sHNI (< ₹10L)

Bids ₹2L to ₹10L

40.46x

Overall Subscription

Total Bids Received

27.05x

Updated: 10 Jul, 06:09 pm

IRM ENERGY LIMITED IPO Issue Details

Issue Price₹480-505 Per Equity Share
Face Value₹10 Per Equity Share
Listing AtBSE, NSE
Listing DateOct 26, 2023

Company Information

IRM Energy Limited is a gas distribution company. The company is involved in developing, operating, and expanding of local natural gas distribution network. IRM Energy is a value-driven energy enterpr...

Valuations

RoNW

18.23%

Financial Information (₹ in Crores)

MetricFY 23FY 22FY 21FY 20
Total Assets792.9554.8338.11267.16
Total Revenue1045.1549.19212.54166.13
Profit After Tax63.15128.0334.8921.07
Net Worth

* All figures are in ₹ Crores unless otherwise stated.

Objectives of the Issue

  1. 1Funding capital expenditure requirements for the development of the City Gas Distribution network in the Geographical Areas of Namakkal and Tiruchirappalli (Tamil Nadu) in Fiscal 2024, Fiscal 2025 and Fiscal 2026.
  2. 2Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.
  3. 3General corporate purposes.

IRM ENERGY LIMITED – Promoter(s)

Dr. Rajiv Indravadan Modi
Cadila Pharmaceuticals Limited
IRM Trust

Contact Details

IRM ENERGY LIMITED IPO Documents

Frequently Asked Questions — IRM ENERGY LIMITED IPO

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