IRM Energy IPO is a book built issue of Rs 545.40 crores. The issue is entirely a fresh issue of 1.08 crore shares.
IRM Energy IPO opens for subscription on October 18, 2023 and closes on October 20, 2023. The allotment for the IRM Energy IPO is expected to be finalized on Friday, October 27, 2023. IRM Energy IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, October 31, 2023.
IRM Energy IPO price band is set at ₹480 to ₹505 per share. The minimum lot size for an application is 29 Shares. The minimum amount of investment required by retail investors is ₹14,645. The minimum lot size investment for sNII is 14 lots (406 shares), amounting to ₹205,030, and for bNII, it is 69 lots (2,001 shares), amounting to ₹1,010,505.
Hdfc Bank Limited and Bob Capital Markets Limited are the book running lead managers of the IRM Energy IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to IRM Energy IPO RHP for detailed information
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.