IRM Energy IPO
City Gas Distribution / CGD - Listed on 26 October 2023
IRM Energy IPO listing summary
IRM Energy (City Gas Distribution / CGD) closed its IPO window in 2023 and listed on NSE and BSE on 26 October 2023 at an upper band issue price of Rs 505, opening at Rs 477.25 for a listing gain of -5.5% and closing day one at Rs 473.15 (-6.3% on closing basis). The IPO was subscribed 27.05x overall - QIB 44.73x, HNI/NII 48.34x, Retail 9.28x. The total issue size was Rs 544.36 Cr (Fresh Issue Rs 544.36 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
IRM Energy IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 85 | +16.83% |
| Day 2 | Rs 88 | +17.43% |
| Day 3 | Rs 75 | +14.85% |
| Day 4 | Rs 70 | +13.86% |
| Day 5 | Rs 55 | +10.89% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the IRM Energy IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
IRM Energy IPO - FAQs
What was the listing gain of IRM Energy IPO?
IRM Energy IPO listed at -5.5% versus the upper issue price of Rs 505 on 26 October 2023.
How many times was IRM Energy IPO subscribed?
IRM Energy IPO was subscribed 27.05x overall. QIB portion was subscribed 44.73x, HNI / NII 48.34x and Retail 9.28x.
What was the IPO GMP for IRM Energy?
IPO GMP started at Rs 85 on Day 1 and moved to Rs 55 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.