IRM Energy IPO
IRM IPO Research :
-
- The recently coming IPO of IRM Energy IPO marks a notable entry into the public market. Priced at 480 to 505 per share.
- The offering aims to raise 545.40cr for :-
- Funding capital expenditure requirements for the development of the City Gas Distribution network in the Geographical Areas of Namakkal and Tiruchirappalli (Tamil Nadu) in Fiscal 2024, Fiscal 2025 and Fiscal 2026;
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; and
- General corporate purposes.
-
P/E :- 24.13
Market Capitalization:- 2073.51
ROE:- 18.23%
ROCE :- 14.19%
Debt / Equity :- 0.93
EPS :- 20.93
RoNW- 18.23%
3.It faces opportunities and challenges such as they can have a potential to grow in Indian and global market and challenges are they have to face big players in the market and raw material price .
- With a seasoned leadership team led by DR Rajiv Indravadan modi and Cadila Pharmaceuticals Limited and IRM trust
Understand the Basics:
IPO DETAILS
|
Date of IPO |
October 18, 2023 to October 20, 2023 |
|
Listing Date |
[.] |
|
Face Value |
₹10 per share |
|
Price Band |
₹480 to ₹505 per share |
|
Lot Size |
29 Shares |
|
Total Issue Size |
10,800,000 shares |
|
Fresh Issue |
10,800,000 shares |
|
Employee Discount |
Rs 48 per share |
|
Issue Type |
Book Built Issue IPO |
|
Listing At |
BSE, NSE |
|
Share holding pre issue |
30,259,677 |
|
Share holding post issue |
41,059,677 |
Time line for IPO
|
Open Date Of IPO |
Wednesday, October 18, 2023 |
|
Close Date Of IPO |
Friday, October 20, 2023 |
|
Basis of Allotment |
Friday, October 27, 2023 |
|
Initiation of Refunds |
Friday, October 27, 2023 |
|
Credit of Shares to Demat |
Monday, October 30, 2023 |
|
Listing Date |
Tuesday, October 31, 2023 |
|
Cut-off time for UPI mandate confirmation |
5 PM on October 20, 2023 |
LOT SIZES
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
29 |
₹14,645 |
|
Retail (Max) |
13 |
377 |
₹190,385 |
|
S-HNI (Min) |
14 |
406 |
₹205,030 |
|
S-HNI (Max) |
68 |
1,972 |
₹995,860 |
|
B-HNI (Min) |
69 |
2,001 |
₹1,010,505 |
ANCHOR INVESTORS
|
Bid Date |
September 27, 2023 |
| Shares Offered | 3,704,044 |
| Portion Size (In Cr.) | 20.00 |
| lock-in period end date for 50% shares (30 Days) | November 22, 2023 |
| lock-in period end date for remaining shares (90 Days) | February 16, 2024 |
Company Background:-
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.
Vision
- To be an integrated, value-driven energy enterprise, by realizing the potential of natural gas, realizing value from technology, striving for excellence in performance, and contributing to the Enterprise and Society.
Mission
- Achieve sustainable development and highly profitable growth.
- Serve the growing energy needs of our geographical areas.
- Adopt the latest technologies and implement best practices, thus achieving performance.
- Meet and exceed customer expectations in terms of quality and service.
- Maintain high industry standards in Environment, Health and Safety.
Values
- Our sense of duty and responsibility in upholding our commitment towards contributing to the well-being of peoples and geographies wherever we operate.
Financial Performance:-
|
Period Ended |
30 Jun 2023 |
31 Mar 2023 |
31 Mar 2022 |
31 Mar 2021 |
31 Mar 2020 |
|
Assets |
838.21 |
792.90 |
554.80 |
338.11 |
267.16 |
|
Revenue |
248.63 |
1,045.10 |
549.19 |
212.54 |
166.13 |
|
Profit After Tax |
26.91 |
63.14 |
128.03 |
34.89 |
21.07 |
|
Net Worth |
373.33 |
346.42 |
243.72 |
117.60 |
74.74 |
|
Reserves and Surplus |
193.30 |
67.57 |
30.31 |
||
|
Total Borrowing |
321.24 |
303.83 |
202.59 |
163.35 |
146.74 |
|
Amount in ₹ Crore |
|||||
Management Team:-
Dr Rajiv Indravadan Modi
Cadila pharmaceuticals limited
Irm trusts
Conclusion:-
This post is for educational purpose . Discuss with your advisor before investing.