IRM Energy Limited IPO
IRM Energy Limited IPO
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Having completed its public offering, IRM Energy Limited's is now listed and trading on the NSE, BSE exchange as of 26-10-2023. The IPO raised cumulative capital of 1,01,00,000 Shares, including 1,08,00,000 Shares in primary capital infusion.
The IPO was conducted with a price range of ₹480 to ₹505 and minimum investment requirement of 29 shares. subscription activity between 18-10-2023 and 20-10-2023 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on 24-10-2023 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
IRM Energy IPO About Company
Incorporated in 2015, IRM Energy Limited is a gas distribution company engaged in developing, operating, and expanding local natural gas networks. The company serves industrial, commercial, domestic, and automobile customers across Banaskantha in Gujarat, Fatehgarh Sahib in Punjab, and Diu & Gir-Somnath in Daman & Diu and Gujarat. IRM Energy caters to 48,172 domestic clients, 179 industrial units, and 248 commercial clients, operating 216 CNG stations as of September 2022. The company was recognized as the City Gas Distribution – Growing Company of the Year 2020 by the Federation of Indian Petroleum Industries.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
IRM Energy IPO Strength Factors
NA
IRM Energy IPO Risk Factors
NA
IRM Energy IPO Lead Manager(s)
- Hdfc Bank Limited
- Bob Capital Markets Limited
IRM Energy IPO Promoter(s)
- Dr. Rajiv Indravadan Modi
- Cadila Pharmaceuticals Limited
- IRM Trust
IRM Energy IPO FAQs
IRM Energy Limited IPO subscribed 27.05 times. The public issue subscribed 9.29 times in the retail category,44.73times in QIB, and 52.29 times in the HNI (10+) category byNovember 5, 2025 10:28:55 AM (Day 5).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
IRM Energy IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
IRM Energy IPO FAQs
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