IRM Energy IPO GMP, Date, Lot Size, Review, Allotment Status

IRM Energy Limited IPO GMP, Date, Lot Size, Review, Allotment Status 

IRM Energy Limited IPO is an upcoming initial public offering (IPO) of the company’s equity stocks. The company is a leading manufacturer of solar panels and other renewable energy products. The GMP for the IRM Energy Limited IPO is ₹72 as of October 16, 2023. This means that investors are willing to pay ₹72 for every stock for the stocks of the company in the grey market.

IRM Energy Limited IPO GMP

The IPO is expected to open for subscription on October 18, 2023, and close on October 20, 2023. The listing of the stocks on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) is expected to take place on October 31, 2023.

The IRM Energy Limited IPO is an attractive investment opportunity for investors who are looking to invest in the renewable energy sector. The company has a strong track record of growth and profitability, and its products are well-regarded in the industry. The IPO is expected to generate ₹545.40 crores, which will be used to fund the company’s expansion plans and to reduce debt.

IRM Energy Limited IPO Date

The IRM Energy Limited IPO is scheduled to open for subscription on October 18, 2023, and close on October 20, 2023. The basis of the allotment of the stocks will be finalized on October 27, 2023, and the refunds will also be initiated on the same day. The demat credits are expected to happen on October 30, 2023, and the stock is scheduled to list on October 31, 2023, on the NSE and the BSE.

IRM Energy Limited IPO Lot Size

The lot size for the IRM Energy Limited IPO is 29 stocks. This means that investors can apply for a minimum of 29 stocks and multiples thereof. The minimum investment required to apply for the IPO is ₹14,645.

IRM Energy Limited IPO GMP

For example, if an investor wants to apply for 58 stocks of IRM Energy Limited, they will need to apply for 2 lots. If an investor wants to apply for 87 stocks of IRM Energy Limited, they will need to apply for 3 lots. Retail investors Buy a Maximum of 13 Lots( 377 stocks).

IRM Energy Limited IPO Review

IRM Energy Limited is a leading manufacturer of solar panels and other renewable energy products. The business has a proven track record of profitability and expansion. The company’s products are well-regarded in the industry and are used by a wide range of customers.

The company’s IPO is expected to generate ₹545.40 crores. The proceeds from the IPO will be used to fund the company’s expansion plans and to reduce debt.

IRM Energy Limited IPO Allotment Status

The allotment status of the IRM Energy Limited IPO will be finalized on October 27, 2023. Investors can check their allotment status on the websites of the BSE and the NSE.

IRM Energy Limited IPO allotment status is expected to be released on October 27, 2023. Investors can check their allotment status on the websites of the BSE and the NSE.

To check your allotment status, follow these steps:

  1. Go to the official website and click on the “IPO” tab.
  2. Click on the “Status” link.
  3. Select the “IRM Energy Limited” IPO from the list of IPOs.
  4. Enter the PAN card or application number.
  5. Click on the “Submit” button.

If you have been allotted stocks in the IPO, you will need to pay for the stocks before they are credited to your demat account. The payment deadline will be mentioned in the allotment status notification.

If you have not been allotted stocks in the IPO, your investment amount will be refunded to your bank account within 7th working days of the finalization of the allotment status.

IRM Energy Limited IPO Refund & Listing

Investors who are not allotted stocks in the IRM Energy Limited IPO will receive a full refund of their investment amount. The refunds will be credited to the bank accounts of the investors within 7 working days of the finalization of the allotment status.

The stocks of IRM Energy Limited are expected to be listed on the NSE and the BSE on October 31, 2023.

Pros of IRM Energy Limited IPO

  • Leading player in the CGD segment: IRM Energy is one of the leading City Gas Distribution (CGD) companies in India with operations in four states. It has a strong track record of growth and profitability.
  • Exclusive supply of CNG and PNG in the granted GAs: IRM Energy has exclusive supply rights for natural gas in the areas where it operates, which gives it a competitive advantage.
  • Robust parentage, seasoned board, and capable management: IRM Energy is backed by strong promoters and has a seasoned board of directors and management team.
  • Adoption of technology and digital efforts: IRM Energy is investing in technology and digital initiatives to improve its operational efficiency and customer service.
  • Robust financial results: IRM Energy has delivered consistent financial performance over the past few years.

Cons of IRM Energy Limited IPO

  • High valuation: IRM Energy IPO is priced at a relatively high valuation compared to its peers.
  • Cyclical business: The CGD business is cyclical and is impacted by factors such as gas prices and economic growth.
  • Debt: IRM Energy has a significant amount of debt on its balance sheet.
  • Competition: The CGD industry is competitive with a number of established players.

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Conclusion

Investing in the stock market and IPO involves several risks, and investors should always do their own research before making any investment decision.

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