| Company Name | IRM Energy Limited |
| Open Date | 18-10-2023 |
| Close Date | 20-10-2023 |
| Exchange | NSE, BSE |
| Lot Size | 29 Shares |
| Issue Price | ₹480 to ₹505 per share |
| Issue Size | Aggregating up to 545.40 Cr. |
| Application Amount | Min. Inv. - ₹ 14,645 (29 shares) Max. Inv. – ₹ 1,90,385 (377 shares) |
| Recommendation | Apply |
IRM Energy Limited was incorporated in the year 2015 and has its registered office in Ahmedabad, Gujarat. The company is engaged in the business of laying, building, operating and expanding the city or local natural gas distribution network. IRM Energy a city gas distribution (“CGD”) company in India, with operations at Banaskantha (Gujarat), Fatehgarh Sahib (Punjab), Diu & Gir Somnath (Union Territory of Daman and Diu/Gujarat), and Namakkal & Tiruchirappalli (Tamil Nadu). Company is an integrated value driven energy enterprise, developing natural gas distribution projects in the geographical areas (“GAs”) allotted to the company for industrial, commercial, domestic and automobile customers, and have built competency as a CGD company by development of its existing GAs since 2017. As of 30th June 23, the Company has 226 employees on its payroll.
| For the Period Ended | Mar-22 | Mar-23 | June-23 |
| Total Assets | 554.80 | 792.90 | 838.21 |
| Net Assets | 243.72 | 346.42 | 373.33 |
| Total Borrowings | 202.59 | 303.84 | 321.24 |
| Total Revenue | 549.19 | 1,045.10 | 248.63 |
| Profit After Tax | 128.03 | 63.14 | 26.91 |
| Opening Date | 18/10/2023 |
| Closing Date | 20-10-2023 |
| Basis of Allotment | 27-10-2023 |
| Initiation of Refunds | 27-10-2023 |
| Credit of Shares to Demat | 30-10-2023 |
| Listing Date | 31-10-2023 |
| Funding capital expenditure requirements for development of the City Gas Distribution network in the Geographical Areas of Namakkal and Tiruchirappalli (Tamil Nadu) in Fiscal 2024 (from December 1, 2023 to March 31, 2024), Fiscal 2025, Fiscal 2026 and Fiscal 2027 (from April 1, 2026 to September 30, 2026). |
| Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company. |
| General corporate purposes. |
| Registered Office | IRM Energy Limited - 4th Floor, Block 8, Magnet Corporate Park, Near Sola Bridge S.G. Highway, Ahmedabad 380054 |
| Phone | +917949031500 |
| investor.relations@irmenergy.com | |
| Website | https://www.irmenergy.com/ |
| IRM Energy IPO DRHP |
| IRM Energy IPO RHP |
| Name | Link Intime India Private Ltd |
| Phone | +91-22-4918 6270 |
| irmenergy.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Share Holding Pre Issue (Promoters) | 67.94% |
| Share Holding Post Issue (Promoters) | 50.07% |