IRM Energy Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 5,292,000 (49%) | — | ₹26,725 Cr |
| NII (HNI) | — | 1,587,600 (15%) | — | ₹8,017 Cr |
| Retail | — | 3,704,400 (34%) | — | ₹18,707 Cr |
| Employee | — | 216,000 (2%) | — | ₹109 Cr |
| Σ Total | — | 10,800,000 (100%) | — | ₹545,400 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 29 | ₹14,645 |
| Retail (Max) | 13 | 377 | ₹190,385 |
| S-HNI (Min) | 14 | 406 | ₹205,030 |
| B-HNI (Min) | 67 | 1,943 | ₹981,215 |
Financial Statements Amount in Crore
| Metric | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 249 | 1,045 | 549 |
| Profit After Tax | 27 | 63 | 128 |
| Net Worth | 373 | 346 | 244 |
| Total Assets | 838 | 793 | 555 |
| Reserves & Surplus | — | — | 193 |
| Total Borrowing | 321 | 304 | 203 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
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 the Company; and –
- General corporate purposes. –
Company Overview
Incorporated in 2015, IRM Energy Limited is a gas distribution company. The company is involved in developing, operating, and expanding of local natural gas distribution network. IRM Energy is a value-driven energy enterprise serving industrial, commercial, domestic, and automobile customers.
The company has marked its presence in Banaskantha District in the state of Gujarat, Fatehgarh Sahib in the state of Punjab, and Diu & Gir-Somnath in the Union Territory of Daman & Diu and the state of Gujarat.
The company is fulfilling the natural gas requirements of 48172 domestic clients, 179 industrial units, and 248 commercial clients.
The company has received an award of City Gas Distribution- Growing Company of the Year 2020 from the Federation of Indian Petroleum Industries.
As of September 2022, the company has 216 CNG gas stations across its operating geographical areas.