Issue Price
₹505
Per Share
GMP
NIL
Grey Market
Est. Listing
₹505
Expected Price
Min. Application
₹29,290
2 lots × 29 shares
Incorporated in 2015, IRM Energy Limited is a gas distribution company. The company is involved in developing, operating, and expanding of local natural gas distribution network. IRM Energy is a value-driven energy enterprise serving industrial, commercial, domestic, and automobile customers.The company has marked its presence in Banaskantha District in the state of Gujarat, Fatehgarh Sahib in the state of Punjab, and Diu & Gir-Somnath in the Union Territory of Daman & Diu and the state of Gujarat.The company is fulfilling the natural gas requirements of 48172 domestic clients, 179 industrial units, and 248 commercial clients.The company has received an award of City Gas Distribution- Growing Company of the Year 2020 from the Federation of Indian Petroleum Industries.As of September 2022, the company has 216 CNG gas stations across its operating geographical areas.
IRM Energy Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 10,800,000 | 100.00% | ₹545.40 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 29 | ₹14,645 |
| Retail (Max) | 13 | 377 | ₹190,385 |
| sNII (Min) | 14 | 406 | ₹205,030 |
| bNII (Min) | 69 | 2,001 | ₹1,010,505 |
| Particulars | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 248.63 | 1045.10 | 549.19 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 26.91 | 63.14 | 128.03 |
| Net Worth | 373.33 | 346.42 | 243.72 |
| Total Assets | 838.21 | 792.90 | 554.80 |
| Reserves & Surplus | N/A | N/A | 193.30 |
| Total Borrowings | 321.24 | 303.83 | 202.59 |