IRM Energy IPO subscribed 4.37x on Day 2

IRM Energy IPO subscribed 27.05 times. The public issue subscribed 9.29 times in the retail category, 44.73 times in QIB, and 48.34 times in the NII category by October 20, 2023 (Day 3).

Investor CategorySubscription (times)Shares OfferedShares Bid forTotal Amount (Rs Cr.)*
Qualified Institutions44.732,116,8009,46,76,1264,781.14
Non-Institutional Buyers48.341,587,6007,67,51,1683,875.93
  bNII (bids above ₹10L)52.291,058,4005,53,38,7572,794.61
  sNII (bids below ₹10L)40.46529,2002,14,12,4111,081.33
Retail Investors9.293,704,4003,44,01,7721,737.29
Employees2.05216,0004,41,84422.31
Others[.]000
Total27.057,624,80020,62,70,91010,416.68

IRM Energy IPO Subscription Details

IRM Energy IPO Shares Offered

IRM Energy IPO is a public issue of 10,800,000 equity shares. The issue offers 3,704,400 shares to retail investors, 2,116,800 shares to qualified institutional buyers, and 1,587,600 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr)Size (%)
Anchor Investor3,175,200160.3529.40%
QIB2,116,800106.9019.60%
NII1,587,60080.1714.70%
1,058,40053.459.80%
sNII (bids below ₹10L)529,20026.724.90%
Retail3,704,400187.0734.30%
Employee216,00010.912.00%
Total10,800,000545.40100%

The number of shares offered in the IRM Energy IPO is not specified in your query. To provide a meaningful response, I would need to know the specific number of shares being offered in the IPO. If you have that information, please provide it, and I’d be happy to assist further.

CONCLUSION 

I apologize for any confusion in my previous response. Without specific information about the number of shares offered in the IRM Energy IPO, it’s challenging to provide a precise conclusion. If you can provide the details about the number of shares offered or any specific aspect you’d like to address, I’d be more than happy to assist you further.

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