IRM Energy IPO Subscription Details

Bookbuilding IPO | ₹545 Cr | Listed at BSE, NSE | Wed, Oct 18, 2023 - Fri, Oct 20, 2023

Basis of Allotment - IRM Energy IPO

Category QIB NII Retail Employees Total
Ex. Anchor Anchor Investor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (No. of shares)21,16,80031,75,20052,92,0005,29,20010,58,40015,87,60037,04,4002,16,0001,08,00,000
Allotment price (Rs.)505505505505505505505457505
No.of applications62127451,73926,65878,3978,98,1161039,76,690
No.of shares applied9,38,39,70831,75,3559,70,15,0632,18,98,8575,58,55,4217,77,54,2783,35,95,42784,12920,84,48,897
Amount collected (Rs.cr.)4,738.91 160.36 4,899.26 1,105.89 2,820.70 3,926.59 1,696.57 3.84 10,518.88
No.of times subscribed44.331.0018.3341.3852.7748.989.070.3919.30
No.of shares allotted21,82,73531,75,20053,57,9355,35,79410,71,58716,07,38137,50,55584,1291,08,00,000
Amount (Rs.cr.)110.23 160.35 270.58 27.06 54.12 81.17 189.40 3.84 545.00
No.of allottees6212741,3192,6393,9581,29,3291031,33,464

IPO Shares Offered

IRM Energy IPO is a public issue of 1.08 Cr equity shares. The issue offers 0.37 Cr shares to retail investors, 0.53 Cr shares to qualified institutional buyers, and 0.16 Cr shares to non-institutional investors.

CategoryShares OfferedAmt (₹ Cr.)Size (%)
QIB 52,92,000267.25 49.00%
    Anchor 31,75,200 160.35 29.40%
    QIB (Ex Anchor) 21,16,800 106.90 19.60%
NII 15,87,60080.17 14.70%
    bNII (> ₹10L)10,58,40053.45 9.80%
    sNII (< ₹10L)5,29,20026.72 4.90%
Retail37,04,400187.07 34.30%
Employee2,16,00010.91 2.00%
Total1,08,00,000545.40 100%

IRM Energy IPO Anchor Investor Allocation

A total of 31,75,200 shares at a price of Rs 505 per share will be allotted to the anchor investors.

Anchor investors bid opening dateOct 17, 2023
Anchor investor price₹505.00
Anchor investors as % of QIBs60.00%
No. of shares locked-in for 30 days15,87,600
No. of shares locked-in for 90 days15,87,600
S.No.Anchor InvestorGroup EntityNo. of Shares AllottedAmount (Rs.cr.)% Allotment within Anchor Investor Portion% Allotment of Issue
1 QUANT MULTI CAP FUND QUANT MUTUAL FUND 7,79,161 39.35 24.54 7.21
2 DSP SMALL CAP FUND DSP MUTUAL FUND 5,54,455 28.00 17.46 5.13
3 HDFC LIFE INSURANCE CO.LTD. HDFC LIFE INSURANCE 5,54,455 28.00 17.46 5.13
4 SBI GENERAL INSURANCE CO.LTD. SBI GENERAL INSURANCE 4,95,049 25.00 15.59 4.58
5 PNB METLIFE INDIA INSURANCE CO.LTD. PNB METLIFE INDIA INSURANCE 1,98,020 10.00 6.24 1.83
6 ITI BALANCED ADVANTAGE FUND ITI MUTUAL FUND 99,024 5.00 3.12 0.92
7 ITI FLEXI CAP FUND ITI MUTUAL FUND 49,498 2.50 1.56 0.46
8 ITI MID CAP FUND ITI MUTUAL FUND 49,498 2.50 1.56 0.46
9 BANK OF INDIA SMALL CAP FUND BANK OF INDIA MUTUAL FUND 1,18,772 6.00 3.74 1.10
10 BANK OF INDIA MULTI CAP FUND BANK OF INDIA MUTUAL FUND 54,370 2.75 1.71 0.50
11 BANK OF INDIA MANUFACTURING & INFRASTRUCTURE FUND BANK OF INDIA MUTUAL FUND 24,878 1.26 0.78 0.23
12 NIPPON INDIA EQUITY OPPORTUNITIES AIF-SCHEME 8 NIPPON 1,98,020 10.00 6.24 1.83
31,75,200160.3510029.40

IPO Subscription FAQs

The IRM Energy IPO is subscribed 27.05 times by Oct 20, 2023 19:02.

IRM Energy IPO Subscription

Investor Category Subscription (times)
Qualified Institutional44.73
Non Institutional48.34
Retail Individual9.29
Employee Reservations2.05
Total Subscription27.05

Retail category of IRM Energy IPO subscribed 9.29 times as of date Oct 20, 2023 19:02. The public issue closes on Fri, Oct 20, 2023 for bidding.

An investor can apply in IRM Energy IPO online via bank (using ASBA) or the broker (using UPI). The IRM Energy IPO shares are offered online only.

The IRM Energy IPO is subscribed 27.05 times by Oct 20, 2023 19:02.

The IRM Energy IPO allotment status is expected on or around Friday, October 27, 2023. Visit IRM Energy IPO allotment status to check.

The IRM Energy IPO listing date is October 26, 2023. The equity share of IRM Energy IPO will list on BSE, NSE.

Visit IRM Energy IPO subscription status page for real-time bidding information about IRM Energy IPO.

IRM Energy IPO Timetable

IPO opens OnWednesday, October 18, 2023
IPO Closes OnFriday, October 20, 2023
Finalisation of Basis of AllotmentFriday, October 27, 2023
Initiation of RefundsFriday, October 27, 2023
Credit of Shares to Demat AccountMonday, October 30, 2023
IPO Listing DateThursday, October 26, 2023
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