Business Standard

IRM Energy Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

544.36 cr

Price Range (₹)

505

Lot Size

29

Min Investment (₹)

14,645.00

Listing Exchange

MumbaiNSE

Open Date

18-Oct-2023

Close Date

20-Oct-2023

Listing Date

26-Oct-2023

IRM Energy Ltd News

    The Shares of IRM Energy Ltd have now been listed.

    IRM Energy Ltd IPO Details

    Initial public offer of 10,800,000* equity shares of face value of Rs. 10 each (Equity Shares) of the company for cash at a price of Rs. 505 per equity share (including a share premium of Rs. 495 per equity share) (Issue Price) aggregating to Rs. 544.36 crores* (the Issue). The issue includes a reservation of 216,000* equity shares for subscription by eligible employees (as defined herein) (Employee Reservation Portion). The issue less the employee reservation portion is referred to as the Net Issue. The company in consultation with the book running lead managers, has offered a discount 9.50% of the issue price equivalent of Rs. 48.00 per equity share to eligible employees bidding in the employee reservation portion (Employee Discount). The issue and the net issue shall constitute 26.30% and 25.78%, respectively, of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 each. The issue price is Rs. 505 per equity share which is 50.5 times the face value of the equity shares. *Subject to finalisation of basis of allotment.

    Objective of issue

    IRM Energy Ltd Contact Details

    IRM Energy Ltd, , , ,

    Phone -

    Fax -

    Email - investor.relations@irmenergy.com

    Website - www.irmenergy.com