IRM Energy Share Price

IRM Energy Limited was incorporated as a Private Limited Company in the name of IRM Energy Private Limited vide Certificate of Incorporation dated December 1, 2015, issued by the Registrar of Companies, Gujarat at Ahmedabad. Subsequently, Company was converted from a Private Company to Public Company and the name of Company was changed to IRM Energy Limited through a Fresh Certificate of Incorporation dated March 23, 2022, was issued by the RoC.The Company is a city gas distribution (CGD) company in India, with operations at Banaskantha (Gujarat), Fatehgarh Sahib (Punjab), Diu Gir Somnath (Union Territory of Daman and Diu/Gujarat), and Namakkal Tiruchirappalli (Tamil Nadu), engaged in the business of laying, building, operating and expanding the city or local natural gas distribution network. The Company develop natural gas distribution projects in the geographical areas for industrial, commercial, domestic and automobile customers. The Company supply natural gas to two primary set of customer segments comprising of CNG (Compressed Natural Gas) and PNG (Piped Natural Gas). CNG customers include operators of public transport vehicles such as taxis, autorickshaws, and private vehicles such as cars, buses, light goods vehicles and heavy goods vehicles. PNG customers are broadly classified into three segments, which are, industrial PNG (small, medium and largesized enterprises), commercial PNG (such as hotels, restaurants, bakeries, hostels and community halls) and domestic PNG (predominantly using PNG as cooking gas).In 2017, the Company started operations by commissioning their first City Gate Station at Banaskantha commissioned Mother Station at Banaskantha commissioned DODO Station at Banaskantha in 2018, it commissioned a City Gate Station at Fatehgarh Sahib commissioned a Mother Station at Fatehgarh Sahib. Later in 2021, it commissioned the 50th CNG Stations (including DODO Stations and OMC Stations) in 2022, it commissioned LCNG Station at Gir Somnath commissioned over 35,000 PNG domestic connections at Banaskantha in 2023, it commissioned over 50,000 PNG domestic connections at Company level commissioned first CNG Station at Namakkal and Tiruchirappalli GA (OMC Station).The Company propose Initial Public Fresh Issue of 10,800,000 Equity Shares.