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IRM Energy’s Rs 545 crore...

The Initial Public Offering (IPO) of...

IRM Energy’s Rs 545 crore IPO subscribed 27 times on last day of offer

The Initial Public Offering (IPO) of city gas distribution company IRM Energy was subscribed 27.05 times on the last day of subscription on Friday. The Rs 545.40 crore-initial share sale received bids for 20,62,70,910 shares against 76,24,800 shares on offer, as per NSE data. The category for non-institutional investors was subscribed 48.34 times while the portion for Qualified Institutional Buyers (QIBs) received 44.73 times subscription and Retail Individual Investors (RIIs) quota got subscribed 9.29 times. The IPO was a fresh issue of up to 1.08 crore equity shares. The price range for...

Karl Jörg - October 20, 2023

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IRM Energy’s Rs...

The Initial Public Offering (IPO) of city gas distribution company IRM Energy was subscribed 27.05 times on the last day of subscription on...

Karl Jörg - October 20, 2023

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