IRM ENERGY LIMITED IPO
IRM ENERGY LIMITED was a mainboard IPO in the LPG/CNG/PNG/LNG Supplier sector, offered at ₹480–₹505 per share to raise ₹545 crore. The issue was subscribed 27.05× overall (QIBs 44.73×, NIIs 48.34×, retail 9.29×). It listed on 26 Oct 2023 at ₹477 and closed its first day at ₹473, a listing loss of -6.3% versus the ₹505 issue price. It now trades around ₹241 (-52.4% versus the issue price).
Frequently asked questions
- How many times was the IRM ENERGY LIMITED IPO subscribed?
- The IRM ENERGY LIMITED IPO was subscribed 27.05× overall — 44.73× in the QIB category, 48.34× among non-institutional investors, 9.29× in retail.
- What were the IRM ENERGY LIMITED IPO listing gains?
- IRM ENERGY LIMITED listed on 26 Oct 2023 at ₹477, closing its first day at ₹473 — a listing loss of -6.3% versus the ₹505 issue price.
- What were the retail allotment odds for the IRM ENERGY LIMITED IPO?
- Retail was subscribed 9.29×, so a single-lot application had roughly a 10.8% chance of allotment (about 1 in 9), and allotment was finalised on 20 Oct 2023.
- What was the price band and lot size of the IRM ENERGY LIMITED IPO?
- The price band was ₹480–₹505 per share, with a minimum lot of 29 shares (₹14,645 at the upper band).
- Who were the registrar and lead manager for the IRM ENERGY LIMITED IPO?
- Link Intime India Private Limited was the registrar, and BOB Capital was the book-running lead manager.