IRM Energy Ltd.
Industry:
Industrial Gases & Fuels
Issue Details
Open Date
18 Oct 2023Close Date
20 Oct 2023Size (in Crs.)
545.4
Size (Shares)
-Listing On
BSE, NSE
Issue Terms
Price Range
-25Lot Size
29
Type
Book building
Face Value
10
Market Lot
1
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.
Description
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
Address
4th Floor, Block 8, Magnet Corporate Park , Near Sola Bridge , S. G. Highway, Thaltej
Ahmedabad
380054
State
Gujarat
Phone No.
079-49031500
investor.relations@irmenergy.com
Website
www.irmenergy.com
Promoter Holding
Promoters:
Cadila Pharmaceuticals Ltd., IRM Trust, Rajiv Indravadan Modi
Total Share Capital
20558773
Offered to Public
10800000
% Promoter's Holding (Pre-Issue)
67.94
% Promoter's Holding (Post-Issue)
50.07
Shares on offer
Total Share Offer
20558773
Of above offred to public
10800000
Post Issue shares
NA
Post Issue Promoters
50.07
Lead Managers to the Issue:
BOB Capital Markets Ltd, HDFC Bank Ltd.
Registrar Details
Registrar Name:
Link Intime India Pvt Ltd.
Address
C 101, 247 Park , LBS Marg , Vikhroli (West) , Mumbai
400083
Phone No.
91-022-49186000/49186270
helpdesk@linkintime.co.in
Website
www.linkintime.co.in
Fax
91-022-49186060