IRM Energy IPO Date, Review, Price, Allotment, Analysis

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), engaged in the business of laying, building, operating and expanding the city or local natural gas distribution network. They are an integrated value-driven energy enterprise, developing natural gas distribution projects in the geographical areas (GAs) allotted to us for industrial, commercial, domestic, and automobile customers, and they have built their competency as a CGD company by developing their existing GAs since 2017. They focus on meeting the energy needs of customers in their GAs through their pipelines and CNG station network at a competitive price while maintaining high safety standards.

They have positioned themselves as the provider of one of the safest, cleanest, and most cost-effective fuels for households, commercial establishments, and industrial units as well as for fuel requirements in the transport segment. They distribute CNG for use in motor vehicles and PNG for use by domestic households as well as for commercial and industrial units. They were recognized as the ‘City Gas Distribution – Growing Company of the Year 2020’ by the Federation of Indian Petroleum Industries (FIPI). Due to their competitive gas price and optimized operational expenditure, they can offer gas to their PNG industrial customers at a viable price in the market and enable the PNG industrial customers to switch from other alternate fuels (coal and furnace oils) to natural gas. Compared with competitive fuels, they provide a more reliable and environment-friendly alternative fuel to all their customer segments and hence have been able to tap potential customer segments in the respective GAs. Further, they are committed to health and safety and have established safety management systems that ensure safe, reliable, and uninterrupted distribution of natural gas to their customers, with a focus on systemic minimization of health and safety risks.

IRM Energy commenced its operations in July 2017, under the receipt of authorizations for the GAs awarded for Banaskantha and Fatehgarh Sahib, in the sixth round of bidding conducted by the Petroleum and Natural Gas Regulatory Board (PNGRB) in July 2016.

Objects of the Issue

• Funding 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
• Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company
• General corporate purposes

IRM Energy IPO Review (Apply or Not)

• Apply

Brokerage Firm IPO Review

• Capital Market: To be updated soon
• Religare Broking: To be updated soon
• Hem Securities: To be updated soon
• Arihant Capital: To be updated soon

IRM Energy IPO Date & Price Band Details

IRM Energy IPO Market Lot

The IRM Energy IPO minimum market lot is 29 shares with ₹14,645 application amount. The retail investors can apply up-to 13 lots with 377 shares or ₹190,385 amount.

IRM Energy IPO Allotment & Listing Dates

The IRM Energy IPO date is October 18 and the close date is October 20. The IRM Energy IPO allotment will be finalized on October 24 and the IPO listing on October 26.

You can check IPO subscription status and IPO allotment status on their respective pages.

IRM Energy IPO Form

How to apply for the IRM Energy IPO? You can apply for IRM Energy IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the IRM Energy IPO in the Invest section. The other option is you can apply for IRM Energy IPO via IPO forms downloaded via NSE and BSE. Check out the IRM Energy forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

IRM Energy Company Financial Report

IRM Energy IPO Valuation – FY2023

Check IRM Energy IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Gujarat Gas Limited
• Indraprastha Gas Limited
• Mahanagar Gas Limited
• Adani Total Gas Limited

Company Promoters

• Dr. Rajiv Indravadan Modi
• Cadila Pharmaceuticals Limited
• IRM Trust

IRM Energy IPO Registrar

Link Intime India Private Ltd
Phone: +91 22 4918 6200
Email: [email protected]
Website: https://linkintime.co.in/

IRM Energy IPO Allotment Status Check

Check IRM Energy IPO allotment status on Linkintime website allotment URL. Click Here

IRM Energy IPO Lead Managers aka Merchant Bankers

• HDFC Bank Limited
• BOB Capital Markets Limited

Company Address

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