IRM Energy Limited IPO is Open for Application

Discover key details about IRM Energy Limited IPO - the opening and closing dates, price band, lot size, and more.

About IRM Energy Ltd.

Incorporated in 2017, IRM Energy Limited is one of the leading providers of clean, safe, and cost-efficient natural gas and fuels in India.

IPO Details

IPO Date:  18th Oct - 20th Oct 2023 Total Issue Size:  Rs. 545.40Crore Price Band:  Rs. 480 - 505 per share Lot Size:  29 Shares in each lot Allotment Date:  27th October 2023 Listing Date:  31st October 2023 Minimum Investment:  Rs 14,645

Strengths of the IPO

· Dominant CNG and PNG distributor · Diverse network, tech-focused · Budget-friendly gas access · Diverse customer base and distribution network

Risks Involved

· Heavy reliance on third parties for gas supply impacts the brand · Disruptions harm operations and cash flow · Vulnerable to government policy changes

IPO Objective

· Fund capital expenditure for Tamil-Nadu gas network · Cover general corporate needs