IRM Energy Ltd.
Industrial Gases & Fuels
Open Date18 Oct 2023
Close Date20 Oct 2023
Size (in Crs.)
Objective of the Issue
1. Funding capital expenditure requirements for development of the City Gas Distribution network in the Geographical Areas of Namakkal and Tiruchirappalli (Tamil Nadu) in Fiscal 2024 (from December 1, 2023 to March 31, 2024), Fiscal 2025, Fiscal 2026 and Fiscal 2027 (from April 1, 2026 to September 30, 2026);2. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company; and3. General corporate purposes.
We are 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 inthe business of laying, building, operating and expanding the city or local natural gas distribution network. We are an integratedvalue driven energy enterprise, developing natural gas distribution projects in the geographical areas (“GAs”) allotted to us forindustrial, com... Show More
4th Floor, Block 8, Magnet Corporate Park , Near Sola Bridge , S. G. Highway, Thaltej
Cadila Pharmaceuticals Ltd., IRM Trust, Rajiv Indravadan Modi
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Lead Managers to the Issue:
BOB Capital Markets Ltd, HDFC Bank Ltd.
Link Intime India Pvt Ltd.
C 101, 247 Park , LBS Marg , Vikhroli (West) , Mumbai