IRM Energy IPO GMP Today: A Strong Contender for Investors

Investing in Initial Public Offerings (IPOs) can be a lucrative way to participate in a company’s growth, and one IPO that has been generating buzz in recent days is IRM Energy Limited. With its estimated listing price, Grey Market Premium (GMP), and strong fundamentals, IRM Energy Limited’s IPO is generating significant interest among investors. In this blog, we will delve into the current GMP, IPO details, and the strengths of the company, providing you with a comprehensive overview of the IRM Energy Limited IPO.

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IRM Energy IPO GMP Today

The Grey Market Premium (GMP) for IRM Energy Limited’s IPO is currently ₹18, as of October 26, 2023. With a price band of ₹505.00, the estimated listing price is ₹523, which represents a potential gain of 3.56% for investors. This data is based on the last ten sessions of grey market activities, indicating a positive trend in the GMP. Here is a day-wise trend for the last few days:

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing PriceLast Updated
26-10-2023₹505.00₹18400/5600523 (3.56%)26-Oct-2023; 13:17
25-10-2023₹505.00₹23500/7000528 (4.55%)
24-10-2023₹505.00₹37800/11200₹542 (7.33%)
23-10-2023₹505.00₹441000/14000₹549 (8.71%)
22-10-2023₹505.00₹491100/15400554 (9.70%)
21-10-2023₹505.00₹491100/15400554 (9.70%)
20-10-2023₹505.00₹501100/15400555 (9.90%)
19-10-2023₹505.00₹501100/15400555 (9.90%)
18-10-2023₹505.00₹551200/16800₹560 (10.89%)
17-10-2023₹505.00₹671500/21000₹572 (13.27%)
16-10-2023₹505.00₹721400/19600₹577 (14.26%)
15-10-2023₹505.00₹681400/19600₹573 (13.47%)
14-10-2023₹505.00₹651400/19600₹570 (12.87%)
13-10-2023₹505.00₹751700/23800₹580 (14.85%)
12-10-2023₹505.00₹902000/28000₹595 (17.82%)
11-10-2023₹505.00₹902000/28000₹595 (17.82%)
10-10-2023₹105
09-10-2023₹0

Please note that GMP can fluctuate daily based on market sentiment and demand.

IRM Energy IPO Strengths

IRM Energy Limited boasts several strengths that make it an attractive proposition for investors:

  1. Exclusivity in CNG and PNG Supply: IRM Energy holds exclusive rights in supplying Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in various regions. CNG and PNG are considered environmentally friendly and cost-effective alternatives, making them highly sought-after energy sources.
  2. Successful CGD Operations: The company has a track record of successfully developing and operating City Gas Distribution (CGD) businesses. This reflects its ability to efficiently manage and expand gas distribution networks.
  3. Strong Parent Company and Management Team: IRM Energy is backed by a strong parent company and is led by an experienced board and management team. Their expertise is crucial for the company’s growth and operational efficiency.
  4. Technology Deployment and Digital Initiatives: IRM Energy has embraced technology and digital solutions to enhance its operational efficiency. This approach ensures optimal operations and customer satisfaction.

IPO Activity and Dates

Here are the important dates for IRM Energy Limited’s IPO:

  • IPO Open Date: October 18, 2023
  • IPO Close Date: October 20, 2023
  • Basis of Allotment Finalization Date: October 27, 2023
  • Refunds Initiation: October 27, 2023
  • Credit of Shares to Demat Account: October 30, 2023
  • IPO Listing Date: October 31, 2023

About IRM Energy Limited

IRM Energy Limited, established in December 2015, is a municipal gas distribution company in India. The company operates in multiple regions, including Banaskantha (Gujarat), Fatehgarh Sahib (Punjab), Diu & Gir Somnath (Union Territory of Daman and Diu/Gujarat), and Namakkal & Tiruchirappalli (Tamil Nadu). It focuses on laying, constructing, operating, and expanding natural gas distribution networks, serving industrial, commercial, residential, and automotive customers.

IRM Energy is known for providing safe, clean, and cost-effective fuels, such as CNG for motor vehicles and PNG for residential, commercial, and industrial applications. The company’s commitment to competitive pricing and environmental responsibility has earned it recognition in the industry. It offers a reliable and eco-friendly alternative to traditional fuels, making it a strong contender in its respective geographic areas.

Conclusion

The IRM Energy Limited IPO is attracting investor attention, thanks to its strong fundamentals and the positive trend in Grey Market Premium (GMP). As always, it’s essential to conduct thorough research and consult with financial advisors before making investment decisions. However, with its exclusive position in CNG and PNG supply, successful CGD operations, strong management team, and technological innovations, IRM Energy appears to be a company with significant growth potential in the energy sector. Investors will be watching closely as the IPO opening date approaches, and the listing date draws near.

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