Question 1

What is the IRM Energy Limited IPO?

Accepted Answer

The IRM Energy Limited IPO is a mainboard Initial Public Offering where IRM Energy Limited is offering its shares to the public for the first time. The issue size is ₹1 crores with a price band of ₹480-505. This allows retail and institutional investors to become shareholders in the company.

Question 2

When will IRM Energy Limited IPO open?

Accepted Answer

The IRM Energy Limited IPO was open from 18 October 2023 to 20 October 2023. The subscription period has now ended.

Question 3

What is the lot size of IRM Energy Limited IPO?

Accepted Answer

The lot size for IRM Energy Limited IPO is 29 shares, which means the minimum investment required is approximately ₹14,645 (29 shares × ₹480-505). Retail investors can apply for one or more lots, but applying for a single lot typically gives better allotment chances during oversubscription.

Question 4

How to apply for IRM Energy Limited IPO?

Accepted Answer

You can apply for the IRM Energy Limited IPO through multiple channels: 1) Online broker platforms like Zerodha, Groww, Angel One, Upstox (most convenient); 2) Internet banking using ASBA facility; 3) Through your bank branch. You'll need a Demat account, linked bank account, PAN card, and sufficient funds. The application process involves selecting the IPO, choosing number of lots, selecting bid price (or cutoff), and authorizing the payment via UPI mandate.

Question 5

When is IRM Energy Limited IPO allotment?

Accepted Answer

The IRM Energy Limited IPO allotment was completed on Expected 5-7 days after closing. You can check your allotment status on the registrar's website (Link Intime, KFintech, or Bigshare) using your PAN number, application number, or Demat details. Allotted shares will be credited to your Demat account before the listing date. If you don't get allotment, your blocked amount will be unblocked automatically.

Question 6

When is IRM Energy Limited IPO listing date?

Accepted Answer

The IRM Energy Limited IPO was listed on 26 October 2023. On listing day, shares will start trading on the stock exchanges, and you can sell your allotted shares or hold them for long-term investment based on your strategy. Listing price depends on market demand and may be above, below, or at the issue price.

Question 7

Was GMP of IRM Energy Limited IPO reliable?

Accepted Answer

Grey Market Premium (GMP) data for IRM Energy Limited IPO was not available or was negative before listing. Actual listing performance should be evaluated based on the listing price and current market price.

Question 8

How much profit have I made if I held IRM Energy Limited IPO after allotment?

Accepted Answer

If you were allotted shares at the issue price of ₹505 and held them until now, your current gain is -49.4% (₹-250 per share). For one lot of 29 shares, your loss would be ₹7,250. On listing day, the stock opened at ₹477.25 (-5.5% gain). The stock performance has been relatively stable. Remember, past performance doesn't guarantee future results, and investment decisions should be based on the company's fundamentals and your investment goals.

Application	Lots	Shares	Amount
Retail(min) Retail Individual Investors - Investment up to ₹2 lakhs (min 1 lot)	1	29	₹14,645
Retail(max) Retail Individual Investors - Investment up to ₹2 lakhs (min 1 lot)	13	377	₹1.90L
SHNI(min) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	14	406	₹2.05L
SHNI(max) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	68	1,972	₹9.96L
BHNI(min) Big HNI - Investment above ₹10 lakhs	69	2,001	₹10.11L

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