The city gas distribution company IRM Energy IPO will be hit the market 18 October 2023 and closes on 20 October 2023. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹545.40 crore through IPO. The company will issue fresh shares of ₹545.40 crores through this IPO and will issue 10,800,000 shares.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
IRM Energy Limited is a gas distribution company in India. The company engaged in the business of laying, building, operating and expanding the city or local natural gas distribution network. The company develop natural gas distribution projects in the geographical areas (“GAs”) allotted to us for industrial, commercial, domestic and automobile customers.
The company operations at Banaskantha (Gujarat), Fatehgarh Sahib (Punjab), Diu & Gir Somnath (Union Territory of Daman and Diu/Gujarat), and Namakkal & Tiruchirappalli (Tamil Nadu). You can check IRM Energy IPO GMP here.
| Read also: Upcoming IPO List 2023 |
The company supply natural gas to two primary set of customer segments:
- CNG (Compressed Natural Gas): The company customers include operators of public transport vehicles such as taxis, auto-rickshaws, and private vehicles such as cars, buses, light goods vehicles and heavy goods vehicles.
- PNG (Piped Natural Gas): The company PNG customers are broadly classified into three segments, which are, industrial PNG (small, medium and large-sized enterprises), commercial PNG (such as hotels, restaurants, bakeries, hostels and community halls) and domestic PNG (predominantly using PNG as cooking gas).
The company are committed to health and safety and have established safety management systems which ensures safe, reliable and uninterrupted distribution of natural gas to our customers, with a focus on systemic minimization of health and safety risks. You can check IRM Energy IPO subscription status here.
The company operate and expand the city or local natural gas network with a minimum work permit (“MWP”) to create an infrastructure of 1,800 kms gas pipeline and 28,021 PNG domestic connections in Banaskantha, and 650 kms gas pipeline and 5,905 PNG domestic connections in Fatehgarh Sahib, 188 kms gas pipeline and 91,000 PNG domestic connections and 35 CNG stations in Diu & Gir Somnath, 1,450 kms gas pipeline (consisting of steel pipelines), 17,74,000 PNG domestic connections and 290 CNG stations in Namakkal & Tiruchirappalli.
Object Of the Issue :
- Funding capital expenditure requirements for development of the City Gas Distribution network in the Geographical Areas of Namakkal and Tiruchirappalli (Tamil Nadu) in Fiscal 2024 (from December 1, 2023 to March 31, 2024), Fiscal 2025, Fiscal 2026 and Fiscal 2027 (from April 1, 2026 to September 30, 2026).
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company.
- General corporate purposes.
Company Strengths :
- 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 with consistent growth and profitability supported by healthy operating efficiency and favorable regulations.
IRM Energy IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹63.14 Cr ₹505 EQ 20.93 24.13x 18.23 % 18.23 % 14.19 % 0.93 ₹114.48 ₹792.20 Cr ₹2073.51 Cr 67.94 % – % |
| Team Review : | ✔ Apply For Long Term |
IRM Energy IPO Date & Price Band & Details :
| Issue Type : | Book Built Issue |
| IPO Open : | 18 October 2023 |
| IPO Close : | 20 October 2023 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹480 – ₹505 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹545.40. Cr {10,800,000 Shares} |
| Fresh Issue : | ₹545.40. Cr {10,800,000 Shares} |
| EMP Discount : | ₹48 Per Share |
IRM Energy IPO Market Lot :
IRM Energy IPO Minimum Market lot is 1 Lot with 23 shares with ₹14,645 Application amount. The retail investors can apply up to 13 lots with 377 Shares or ₹190,385 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 23 | ₹14,645 |
| Retail Maximum : | 13 | 377 | ₹190,385 |
| S-HNI Minimum : | 14 | 406 | ₹205,030 |
| S-HNI Maximum : | 68 | 1972 | ₹995,860 |
| B- HNI Minimum : | 69 | 2001 | ₹1,010,505 |
IRM Energy IPO Reservation :
IRM Energy IPO Total Reservation of 10,800,000 shares are to be bid for the public issue by IRM Energy IPO with 5,292,000 for QIB and 1,587,600 for NII 3,704,400 For RII & 216,000 Shares EMP.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 5,292,000 | ₹267.25 Cr |
| NII : | 15% | 1,587,600 | ₹80.17 Cr |
| RII : | 35% | 3,704,400 | ₹187.07 Cr |
| EMP : | – | 216,000 | ₹10.91 Cr |
| Total : | 100% | 10,800,000 | ₹545.40 Cr |
IRM Energy IPO EPS & RoNW :
The IRM Energy company’s EPS & RoNW growth is an decreasing last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹20.93 | 18.23% | ₹114.48 |
| 2022 | ₹43.88 | 52.53% | ₹82.98 |
| 2021 | ₹12.39 | 29.67% | ₹40.55 |
IRM Energy IPO Peer Comparison PE :
The IRM Energy, According to RHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Gujarat Gas | 18.69 |
| 2. | Indraprastha Gas | 19.21 |
| 3. | Mahanagar Gas | 12.64 |
| 4. | Adani Total Gas | 125.18 |
IRM Energy IPO Dates :
IRM Energy IPO Date is 18 October 2023 and closes on 20 October 2023. The allotment will be finalized on 27 October 2023 and the IPO may list on 31 October 2023.
| Anchor Date : | 17 October 2023 |
| Open Date : | 18 October 2023 |
| Close Date : | 20 October 2023 |
| Allotment Date : | 27 October 2023 |
| Refund Date : | 27 October 2023 |
| Share Credit Date : | 30 October 2023 |
| Listing Date : | 31 October 2023 |
IRM Energy IPO Form :
There are two ways to apply in IRM Energy IPO. You can apply for IRM Energy IPO through ASBA available in your bank account. You have to go to your online bank login and select IRM Energy IPO in the Invest section and apply through your bank account. Another option is you can apply for IRM Energy IPO through IPO form download through NSE and BSE. See the IRM Energy IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
IRM Energy Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹1,045.10 | ₹970.70 | ₹63.14 |
| 2022 | ₹549.19 | ₹396.83 | ₹128.03 |
| 2021 | ₹212.54 | ₹166.46 | ₹34.89 |
Company Promoters :
■ Maheswar Sahu
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
IRM Energy IPO Lead Managers :
■ HDFC Bank Limited
■ BOB Capital Markets Limited
IRM Energy IPO Registrar :
Link Intime India Private Limited
C-101, 1 st Floor, 247 Park
L.B.S. Marg Vikhroli West
Mumbai – 400 083
Maharashtra, India
Tel: +91 810 811 4949
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Website: www.linkintime.co.in
Note: Check IRM Energy IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
IRM Energy Limited
4th Floor, Block 8, Magnet Corporate Park,
Near Sola Bridge, S.G. Highway
Ahmedabad, Gujarat, 380054
Tel: +91 79490 31500
E-mail: [email protected]
Website: www.irmenergy.com
IRM Energy IPO FAQs :
What is IRM Energy IPO?
IRM Energy IPO is Mainboard IPO. They are going to raise ₹545.40 Crores via IPO. The issue is priced at ₹480-₹505 per equity share. The IPO is to be listed on NSE, BSE.
When IRM Energy IPO will open?
The IPO is to open on 18 Oct – 20 Oct for QIB, NII & RII.
What is IRM Energy IPO Size?
IRM Energy IPO size is ₹545.50 Crores.
What is the Fresh issue size of IRM Energy IPO?
The Fresh issue size of IRM Energy IPO ₹545.50 Cr.
What is IRM Energy IPO Price Band?
IRM Energy IPO Price Band is ₹480-₹505 Per share.
What is IRM Energy IPO Minimum and Maximum Lot Size?
The minimum 29 Shares with ₹14,645 amount while the maximum 377 shares with ₹190,385.
What is IRM Energy IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
What is IRM Energy IPO Allotment Date?
IRM Energy IPO allotment date is 27 October 2023.
What is IRM Energy IPO Listing Date?
IRM Energy IPO listing date is 31 October 2023. The IPO to list on NSE, BSE.
How to Apply the IRM Energy IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “IRM Energy IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the IRM Energy IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “IRM Energy IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the IRM Energy IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “IRM Energy IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the IRM Energy IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “IRM Energy IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| IRM Energy IPO GMP: Click Here IRM Energy IPO Subscription: Click Here IRM Energy IPO Allotment: Click Here IRM Energy IPO Listing: Click Here IRM Energy IPO Web Story: Click Here |
All IRM Energy IPO-related links are available here. If you want to know the details then click on Click Here Link.
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