IPO Details

IRM Energy Ltd
Registered Office: 4th Floor Block 8 Magnet, Corporate Park S G Highway, Ahmedabad - 380054, Gujarat
Phone: 91-7949031500
Email: investor.relations@irmenergy.com
Website: www.irmenergy.com
Initial public offer of 10,800,000* equity shares of face value of Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. 505 per equity share (including a share premium of Rs. 495 per equity share) ("Issue Price") aggregating to Rs. 544.36 crores* (the "Issue"). The issue includes a reservation of 216,000* equity shares for subscription by eligible employees (as defined herein) ("Employee Reservation Portion"). The issue less the employee reservation portion is referred to as the "Net Issue". The company in consultation with the book running lead managers, has offered a discount 9.50% of the issue price equivalent of Rs. 48.00 per equity share to eligible employees bidding in the employee reservation portion ("Employee Discount"). The issue and the net issue shall constitute 26.30% and 25.78%, respectively, of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 each. The issue price is Rs. 505 per equity share which is 50.5 times the face value of the equity shares. *Subject to finalisation of basis of allotment.

Issue		Money Payable On
Opens On	Closes On	Application	Allotment
18-Oct-2023	20-Oct-2023	₹ 505.00	₹ 0.00

Projects
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
General Corporate Purposes

Promoted By
Rajiv Indravadan Modi
Cadila Pharmaceuticals Ltd
Irm Trust

Listing At
BSE
NSE

Registrar to the Issue