IRM Energy IPO Allotment Finalised: How To Check Allotment Status?
IRM Energy IPO Allotment: Step-by-step guide to check allotment status
IRM Energy Limited is a gas distribution company that had an IPO that was open for subscription from October 18 to October 20. It aimed to raise Rs 545.40 crores through the sale of 1.08 crore new shares. The price range for each share was set between Rs 480 to Rs 505, and the minimum investment for retail investors was Rs 14,645 for 29 shares. The IPO included a special reservation of 216,000 shares for employees at a discounted price.
IRM Energy IPO was subscribed 27.05 times on its last day of subscription. The public issue subscribed 9.29 times in the retail category, 44.73 times in QIB, and 48.34 times in the NII category by October 20, 2023 (Day 3).
IRM Energy IPO Allotment Date
The allotment of shares for IRM Energy Limited have now been finalized.
Earlier it was expected that the allotment will be finalised on Friday, October 27.
IRM Energy IPO Listing Date
Shares of IRM Energy IPO are set to list on BSE and NSE with a listing date fixed as Tuesday, October 31
Where To Check IRM Energy IPO Allotment Status
Investors can check the IRM Energy IPO allotment status on the official website of BSE or through the registrar, Link Intime India Private Ltd.
How to check IRM Energy Limited IPO allotment status on Link Intime India Pvt Ltd.?
Visit the Link Intime website: https://linkintime.co.in/IPO/public-issues.html
Select "IRM Energy Limited" from the drop-down list on the Public issues page.
Enter your PAN number, application number, or DP Client ID.
Click on the "SUBMIT" button.
Download or print the allotment status for your records.
How to check IRM Energy IPO allotment status on BSE website?
Visit the official BSE website: bseindia.com/investors/appli_check.aspx
Click on "Equity" under "Issue Type."
Select "IRM Energy Limited" from the IPO list.
Enter your application number or PAN number.
Complete the 'Captcha.'
Click on the "Search" button to view your allotment status.
Download/print the allotment status for your records.
IRM Energy IPO Timeline (Tentative Schedule)
IPO Open Date: October 18
IPO Close Date: October 20
Basis of Allotment: October 27
Initiation of Refunds: October 27
Credit of Shares to Demat: October 30
Listing Date: October 31
IRM Energy IPO Issue Details
Total issue size: Rs 545.40 Crores
Face value: Rs 10 per share
Fresh issue size: Rs 545.40 Crores
Shares for fresh issue: 10,800,000 shares
Price band: Rs 480 to Rs 505 per share
Lot size: 29 shares
About IRM Energy Limited
IRM Energy Limited is a gas distribution company incorporated in 2015. The company is engaged in the development, operation, and expansion of local natural gas distribution networks. It serves industrial, commercial, domestic, and automobile customers in various regions, including Banaskantha District in Gujarat, Fatehgarh Sahib in Punjab, and Diu & Gir-Somnath in the Union Territory of Daman & Diu and the state of Gujarat.
As of September 2022, the company operates 216 CNG gas stations in its operating geographical areas. IRM Energy has received recognition for its City Gas Distribution, being named "Growing Company of the Year 2020" by the Federation of Indian Petroleum Industries. The company plays a crucial role in meeting the natural gas requirements of domestic clients, industrial units, and commercial clients.
