Discover key details about IRM Energy Limited IPO - the opening and closing dates, price band, lot size, and more.
Incorporated in 2017, IRM Energy Limited is one of the leading providers of clean, safe, and cost-efficient natural gas and fuels in India.
IPO Date: 18th Oct - 20th Oct 2023 Total Issue Size: Rs. 545.40Crore Price Band: Rs. 480 - 505 per share Lot Size: 29 Shares in each lot Allotment Date: 27th October 2023 Listing Date: 31st October 2023 Minimum Investment: Rs 14,645
· Dominant CNG and PNG distributor · Diverse network, tech-focused · Budget-friendly gas access · Diverse customer base and distribution network
· Heavy reliance on third parties for gas supply impacts the brand · Disruptions harm operations and cash flow · Vulnerable to government policy changes
· Fund capital expenditure for Tamil-Nadu gas network · Cover general corporate needs