IRM Energy Limited, a city gas distribution (CGD) company, recently concluded its initial public offering (IPO) with the bidding period running from October 18 to October 20.
The company has set a price range of Rs 480 to Rs 505 for its mainboard public issue, with a lot size of 29, meaning that investors needed to bid for at least 29 shares, equivalent to an investment of Rs 13,920, to be eligible for allotment.
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IRM Energy IPO GMP
The IRM Energy IPO is the grey market premium (GMP) it has been commanding. According to various sources tracking grey market activities, the GMP for the IRM Energy IPO falls in the range of Rs 40 to Rs 45.
IRM Energy IPO allotment date
The allotment process for the IRM Energy IPO is expected to be finalized on October 26, and refunds for non-allottees are anticipated to be initiated on October 27, with the demat transfer of shares set to occur around October 30.
IRM Energy IPO listing date
The listing of IRM Energy on the stock exchanges is likely to list on the bourses starting from October 31.
IRM Energy IPO allotment status: Check online using PAN
To check the allotment status online on BSE, follow this step-by-step guide:
–Visit the official website at
https://www.bseindia.com/investors/appli_check.aspx
–Select “Equity” as issue type. Then, from the
issue name dropdown, select “IRM Energy”.
–Enter your PAN in the relevant field.
–Complete the bot verification by clicking on “I’m not a robot”. Then, click on “Search”. The allotment finalisation, if released, should be on your screen.
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About IRM Energy Limited
IRM Energy Limited operates in various regions, including Banaskantha (Gujarat), Fatehgarh Sahib (Punjab), Diu and Gir Somnath (Union Territory of Daman and Diu/Gujarat). The company specializes in laying, building, operating, and expanding city gas distribution networks. The IPO has garnered attention due to the company’s role in the vital energy sector and the positive GMP it has received, reflecting market optimism about its future prospects.
