The IRM Energy IPO is a book-built issuance for Rs 545.40 crores. The 1.08 crore shares are wholly new.
The IRM Energy IPO goes on sale on October 18, 2023, and concludes on October 20, 2023. The IRM Energy IPO allotment is planned to be completed on Friday, October 27, 2023. The IRM Energy IPO will be listed on the BSE and NSE, with a tentative listing date of Tuesday, October 31, 2023.
The IPO price range for IRM Energy is set at 480 to 505 per share. An application requires a minimum lot size of 29 Shares. Retail investors must make a minimum investment of $14,645. The minimum lot size investment for sNII is 14 lots (406 shares), which amounts to 205,030, while the minimum lot size investment for bNII is 69 lots (2,001 shares), which amounts to 1,010,505.
IRM Energy IPO Details
IPO Date | October 18, 2023 to October 20, 2023 |
Listing Date | [.] |
Face Value | Rs 10 per share |
Price Band | Rs 480 to Rs 505 per share |
Lot Size | 29 Shares |
Total Issue Size | 10,800,000 shares (aggregating up to Rs 545.40 Cr) |
Fresh Issue | 10,800,000 shares (aggregating up to Rs 545.40 Cr) |
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 |
IRM Energy IPO Timeline
IPO Open Date | Wednesday, October 18, 2023 |
IPO Close Date | 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 |
IRM Energy IPO Lot Size
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 29 | Rs 14,645 |
Retail (Max) | 13 | 377 | Rs 190,385 |
S-HNI (Min) | 14 | 406 | Rs 205,030 |
S-HNI (Max) | 68 | 1,972 | Rs 995,860 |
B-HNI (Min) | 69 | 2,001 | Rs 1,010,505 |