IRM ENERGY Limited IPO GMP

The IRM Energy IPO, amounting to Rs 545.40 crores, is a book-built issue comprising entirely of fresh shares totaling 1.08 crore. Bidding for the IPO commenced on October 18, 2023, and concluded on October 20, 2023. Allotment was finalized on Friday, October 27, 2023, and the shares were listed on both BSE and NSE on October 26, 2023.

The price band for the IRM Energy IPO was set at ₹480 to ₹505 per share. The minimum lot size for application was 29 shares, requiring a minimum investment of ₹14,645 for retail investors. Subscribers under the sNII category were required to apply for a minimum of 14 lots (406 shares), totaling ₹205,030, while those under the bNII category had to apply for at least 69 lots (2,001 shares), amounting to ₹1,010,505.

Additionally, the IPO included a reservation of up to 216,000 shares for employees, offered at a discount of Rs 48 to the issue price. HDFC Bank Limited and BOB Capital Markets Limited served as the book running lead managers for the IRM Energy IPO, with Link Intime India Private Ltd acting as the registrar for the issue.