IRM Energy Limited IPO
₹480 - ₹505
29
27.05
| Open Date: | 18-Oct-2023 |
| Close Date: | 20-Oct-2023 |
| Allotment Date: | 24-Oct-2023 |
| Listing Date: | 26-Oct-2023 |
| Listing Price: | ₹465.75/- |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹480-505 Per Equity Share |
| Issue Size: | Total Issue Size 10,800,000 shares (aggregating up to ₹545.40 Cr) : Fresh Issue 10,800,000 shares (aggregating up to ₹545.40 Cr) |
| Market Lot (Min Amount): | Retail - ₹14,645 : S-HNI - ₹205,030 : B-HNI - ₹1,010,505 |
As on | QIB | Nll | Rll | Emp | Total |
|---|---|---|---|---|---|
| Shares Offered/Reserved | 2,116,800 | 1,587,600 | 3,704,400 | 216,000 | 7,624,800 |
| Day 1 - 22-11-23 05:00 PM | 1.07x | 2.61x | 1.82x | 0.38x | 1.74x |
| Day 2 - 23-11-23 05:00 PM | 1.18x | 9.12x | 4.41x | 0.95x | 4.40x |
| Day 3 - 24-11-23 05:00 PM | 44.73x | 48.34x | 9.29x | 2.05x | 27.05x |
| Total No. of Application: | 1,071,966 (Approx.) | ||||
| Retail Subscription on the basis of Apps: | 8.39x | ||||
| Earning Per Share(EPS) | ₹20.93/- |
| P/E Ratio | 24.13 |
| RoNW | 18.23% |
| Net Asset Value (NAV) - Post Issue: | ₹N/A/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 30 Jun,2023 | 838.21 | 248.63 | 26.91 |
| 31 Mar,2023 | 792.90 | 1,045.10 | 63.14 |
| 31 Mar,2022 | 554.80 | 549.19 | 128.03 |
| 31 Mar,2021 | 338.11 | 212.54 | 34.89 |
| Pre Issue Share Holding | 67.94% |
| Post Issue Share Holding | N/A% |
| 1. Dr. Rajiv Indravadan Modi |
| 2. Cadila Pharmceuticals Limited |
| 3. IRM Trust |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- 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.
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.
No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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