{"id":5121,"date":"2023-10-12T16:56:01","date_gmt":"2023-10-12T11:26:01","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=5121"},"modified":"2024-08-16T11:36:12","modified_gmt":"2024-08-16T06:06:12","slug":"irm-energy-ipo","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/irm-energy-ipo\/","title":{"rendered":"IRM Energy IPO Details - Complete Overview of IRM Energy Limited IPO"},"content":{"rendered":"\n

IRM Energy IPO Price: <\/strong>\u20b9480 to \u20b9505 per share
IPO Date Range:<\/strong> Oct 18, 2023 - Oct 20, 2023<\/p>\n\n\n\n

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Foundation & Business Essence:<\/h2>\n\n\n\n

Incorporated in 2015, IRM Energy Limited operates as a gas distribution company, specializing in developing, operating, and expanding local natural gas distribution networks. This value-oriented energy enterprise caters to a diverse customer base, including industrial, commercial, residential, and automotive clients.<\/p>\n<\/div>\n<\/div>\n\n\n\n

Product Portfolio:<\/h2>\n\n\n\n

The company serves two primary customer segments through its natural gas supply:<\/p>\n\n\n\n

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  1. CNG (Compressed Natural Gas): This segment comprises customers operating public transportation vehicles like taxis, auto-rickshaws, and private vehicles such as cars, buses, light goods vehicles, and heavy goods vehicles.<\/li>\n\n\n\n
  2. PNG (Piped Natural Gas): The PNG customer base is broadly categorized into three segments, which include industrial PNG for small, medium, and large-sized enterprises, commercial PNG for establishments like hotels, restaurants, bakeries, hostels, and community halls, and domestic PNG primarily used for cooking gas.<\/li>\n<\/ol>\n\n\n\n

    Network and Presence:<\/h2>\n\n\n\n

    With a notable presence in Banaskantha District in Gujarat, Fatehgarh Sahib in Punjab, and Diu & Gir-Somnath within the Union Territory of Daman & Diu and the state of Gujarat, the company has expanded its reach across various regions. As of June 30, 2023, it proudly served a customer base consisting of 52,454 domestic customers, 269 commercial customers, and 184 industrial customers. This remarkable achievement underscores the company's reputation for effective operational management, adept stakeholder engagement, and adept supply-chain risk management.<\/p>\n\n\n\n

    Bidding Starts In<\/h2>\n\n\n\n
    -<\/div>
    DAYS<\/div><\/div>
    -<\/div>
    HOURS<\/div><\/div>
    -<\/div>
    MINUTES<\/div><\/div>
    -<\/div>
    SECONDS<\/div><\/div><\/div>\n\n\n\n
    APPLY NOW<\/span><\/path><\/svg>

    Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n

    IRM Energy IPO Specifics:<\/h2>\n\n\n\n
    IPO Date<\/td>October 18, 2023 to October 20, 2023<\/td><\/tr>
    Listing Date<\/td>Tuesday, October 31, 2023<\/td><\/tr>
    Face Value<\/td>\u20b910 per share<\/td><\/tr>
    Price Band<\/td>\u20b9480 to \u20b9505 per share<\/td><\/tr>
    Lot Size<\/td>29 Shares<\/td><\/tr>
    Total Issue Size<\/td>10,800,000 shares
    (aggregating up to \u20b9545.40 Cr)<\/td><\/tr>
    Fresh Issue<\/td>10,800,000 shares
    (aggregating up to \u20b9545.40 Cr)<\/td><\/tr>
    Employee Discount<\/td>Rs 48 per share<\/td><\/tr>
    Issue Type<\/td>Book Built Issue IPO<\/td><\/tr>
    Listing At<\/td>BSE, NSE<\/td><\/tr>
    Share holding pre issue<\/td>30,259,677<\/td><\/tr>
    Share holding post issue<\/td>41,059,677<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    IRM Energy IPO Lot Size<\/h2>\n\n\n\n

    The minimum lot size to apply in this IRM Energy <\/strong>Limited IPO consists of 29 shares, requiring an investment of \u20b914,645.<\/p>\n\n\n\n

    Application<\/th>Lots<\/th>Shares<\/th>Amount<\/th><\/tr><\/thead>
    Retail (Min)<\/td>1<\/td>29<\/td>\u20b914,645<\/td><\/tr>
    Retail (Max)<\/td>13<\/td>377<\/td>\u20b9190,385<\/td><\/tr>
    S-HNI (Min)<\/td>14<\/td>406<\/td>\u20b9205,030<\/td><\/tr>
    S-HNI (Max)<\/td>68<\/td>1,972<\/td>\u20b9995,860<\/td><\/tr>
    B-HNI (Min)<\/td>69<\/td>2,001<\/td>\u20b91,010,505<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    IRM Energy IPO Reservation<\/h2>\n\n\n\n
    QIB Shares Offered<\/td>Not more than 50% of the Net Issue<\/td><\/tr>
    NII (HNI) Shares Offered<\/td>Not less than 15% of the Net Issue<\/td><\/tr>
    Retail Shares Offered<\/td>Not less than 35% of the Net Issue<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    IRM Energy IPO Timetable (Important Dates)<\/h2>\n\n\n\n
    IPO Open Date<\/td>Wednesday, October 18, 2023<\/td><\/tr>
    IPO Close Date<\/td>Friday, October 20, 2023<\/td><\/tr>
    Basis of Allotment<\/td>Friday, October 27, 2023<\/td><\/tr>
    Initiation of Refunds<\/td>Friday, October 27, 2023<\/td><\/tr>
    Credit of Shares to Demat<\/td>Monday, October 30, 2023<\/td><\/tr>
    Listing Date<\/td>Tuesday, October 31, 2023<\/td><\/tr>
    Cut-off time for UPI mandate confirmation<\/td>5 PM on October 20, 2023<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Don't Miss Out!<\/h2>
    <\/div>

    Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n

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    APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n

    IRM Energy Limited IPO Financial Information<\/h2>\n\n\n\n

    In the financial year ending on March 31, 2023, IRM Energy Limited experienced a substantial 90.3% growth in revenue, while their profit after tax (PAT) decreased by 50.69% compared to the figures recorded on March 31, 2022.<\/p>\n\n\n\n

    Period Ended<\/th>31 Mar 2021<\/th>31 Mar 2022<\/th>31 Mar 2023<\/th>30 June 2023<\/th><\/tr><\/thead>
    Assets<\/td>338.11<\/td>554.80<\/td>792.90<\/td>838.21<\/td><\/tr>
    Revenue<\/td>212.54<\/td>549.19<\/td>1045.10<\/td>248.63<\/td><\/tr>
    Profit After Tax<\/td>34.89<\/td>128.03<\/td>63.14<\/td>26.91<\/td><\/tr>
    Net Worth<\/td>117.60<\/td>243.72<\/td>346.42<\/td>373.33<\/td><\/tr>
    Reserves and Surplus<\/td>67.57<\/td>193.30<\/td><\/td><\/td><\/tr>
    Total Borrowing<\/td>163.35<\/td>202.59<\/td>303.83<\/td>321.24<\/td><\/tr><\/tbody><\/table>
    Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n\n\n\n

    Key Performance Indicator - IRM Energy IPO<\/h2>\n\n\n\n

    The market capitalization of IRM Energy Limited IPO stands at Rs _ Crore, with a P\/E ratio of 24.13.<\/p>\n\n\n\n

    KPI<\/th>Values<\/th><\/tr><\/thead>
    P\/E (x)<\/td>24.13<\/td><\/tr>
    Market Cap (Rs Cr)<\/td><\/td><\/tr>
    ROE<\/td>18.23%<\/td><\/tr>
    ROCE<\/td>14.19%<\/td><\/tr>
    Debt\/Equity<\/td>0.93<\/td><\/tr>
    EPS (Rs)<\/td>20.93<\/td><\/tr>
    RoNW<\/td>18.23%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Objects of the Issue:<\/strong><\/h2>\n\n\n\n

    IRM Energy aims to channel the net proceeds from the IPO towards:<\/p>\n\n\n\n