ListedMainboardIRMENERGY
IRM Energy Limited
IRM Energy Limited is a mainboard IPO raising ₹545 Cr at ₹480 – ₹505 a share. It listed on 26 Oct 2023 and trades at ₹255 today, −49.5% against its issue price of ₹505. It was subscribed 27× in total.
₹505
Issue price
₹255
Price now
−49.5%
Since issue price
26 Oct 2023
Listed on
27×Subscribed (final) · all exchanges
27.1 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Price band₹480 – ₹505
Cut-off price₹505
Issue size₹545 Cr
Shares per lot29
Minimum application₹14,645
Minimum quantity29
Face value₹10
Listing exchanges—
ISININE07U701015
Bidding hours10:00 – 17:00 IST
Bidding window18 Oct 2023 – 20 Oct 2023
Not here yet
Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.