₹ 14645 / 29 shares
₹ 545.40 Cr
Retail Gain/Listing Gain
IRM Energy Limited is a city gas distribution (CGD) company in India, engaged in laying, building, operating and expanding the city or local natural gas distribution network. The company develops natural gas distribution projects in the geographical areas allotted to it for industrial, commercial, domestic and automobile customers.
Within Compressed Natural Gas (CNG), their customer base encompasses operators of public transport vehicles like taxis and auto-rickshaws, as well as individuals with private vehicles, including cars, buses, light goods vehicles, and heavy goods vehicles.
As for Piped Natural Gas (PNG), their clientele is systematically categorised into three segments. These include industrial PNG, catering to small, medium, and large-sized enterprises; commercial PNG, serving establishments like hotels, restaurants, bakeries, hostels, and community halls; and domestic PNG, predominantly used for cooking gas.
For Fiscals 2021, 2022 and 2023, the company’s EBITDA was Rs. 729.72, Rs. 2,008.98 and Rs. 1,189.38 respectively (in Rs. million). Of this, the EBITDA margin was 38.49%, 39.61% and 12.14% for the same years respectively.
With that, let's take a look at the competitive strengths and risk factors for IRM Energy Limited:
Here are the key financials for IRM Energy Limited:
Particulars (in Rs. million)
IRM Energy IPO Review | Issue Details, Services and More
The IRM Energy Limited IPO has an issue size of Rs. 544.36 crores. The IPO opens for subscription on 18th October and closes on 20th October 2023.
Link Intime India Private Limited is the registrar for this IPO.