IRM Energy IPO Details - 2023

IRM Energy's Initial Public Offering (IPO) is set to debut on October 18th, aiming to raise ₹545 crores in funds. This Indian company sp...

IRM Energy's Initial Public Offering (IPO) is set to debut on October 18th, aiming to raise ₹545 crores in funds. This Indian company specializes in City Gas Distribution (CGD) and has an operational presence in various regions, including Banaskantha (Gujarat), Fatehgarh Sahib (Punjab), Diu & Gir Somnath (Union Territory of Daman and Diu/Gujarat), and Namakkal & Tiruchirappalli (Tamil Nadu). Their core business involves the construction, operation, and expansion of city and local natural gas distribution networks.

In terms of financial performance, IRM Energy reported substantial revenue growth, reaching ₹1045.10 crores in 2023, as compared to ₹549.19 crores in 2022. The IPO is priced within a range of ₹480 to ₹505 per Equity Share. Investors can anticipate the listing of IRM Energy IPO on both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange). 

What's the Current Grey Market Premium (GMP) for the IRM Energy IPO?

• The Grey Market Premium (GMP) for the IRM Energy IPO is presently at ₹45.

What are the Kostak Rates for the IRM Energy IPO Today?

• As of now, the Kostak Rate for the IRM Energy IPO is ₹-.

What's the Subject to Sauda Price for the IRM Energy IPO Today?

• The subject to sauda rates for the IRM Energy IPO are reported at ₹1000.

Expected Returns for the IRM Energy IPO

• Investors are eyeing an expected return of 9% on the IRM Energy IPO.

IRM Energy IPO GMP