IRM Energy IPO GMP History
IRM Energy IPO has been listed on October 26, 2023 at a listing price of ₹477.25, against the issue price of ₹505 — a loss of ₹27.75 (-5.5%). The GMP peaked at ₹120 on 11 October 2023 and reached a low of ₹50 on 25 October 2023. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
IRM Energy IPO raised ₹545 Cr. through its IPO at a price band of ₹480 to ₹505 per share, with a lot size of 29 shares. The IPO was open for subscription from 18 Oct 2023 to 20 Oct 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:13 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 25 Oct 2023 | ₹ 50 | — | 10% | — | — |
| 23 Oct 2023 | ₹ 50 | ▼ | 10% | — | — |
| 20 Oct 2023 | ₹ 55 | ▼ | 11% | — | — |
| 19 Oct 2023 | ₹ 70 | ▼ | 14% | — | — |
| 18 Oct 2023 | ₹ 75 | ▼ | 15% | — | — |
| 17 Oct 2023 | ₹ 88 | ▲ | 17% | — | — |
| 16 Oct 2023 | ₹ 85 | ▼ | 17% | — | — |
| 14 Oct 2023 | ₹ 95 | ▲ | 19% | — | — |
| 13 Oct 2023 | ₹ 90 | ▼ | 18% | — | — |
| 12 Oct 2023 | ₹ 100 | ▼ | 20% | — | — |
| 11 Oct 2023 | ₹ 120 | — | 24% | — | — |
IRM Energy IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 18 Oct 2023
- Close 20 Oct 2023
- Allotment 27 Oct 2023
- Refund/credit 27 Oct 2023
- Listing 26 Oct 2023
IRM Energy IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹505 |
|---|---|
| GMP-based estimate (pre-listing) | ₹555 (+9.9%) |
| Listing gain / loss | −₹27.75 per share |
| Listing date | 26 Oct, 2023 |
| Actual listing price | ₹477.25 (-5.5%) |
Is IRM Energy IPO GMP reliable?
Grey market premium for IRM Energy IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the IRM Energy IPO full review for a fundamentals-based assessment before making any grey market trades.
IRM Energy IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for IRM Energy IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About IRM Energy IPO
IRM Energy Limited was incorporated as IRM Energy Private Limited on 1 December 2015. It is a city gas distribution (CGD) company that lays, builds, operates and expands local natural gas networks.
It operates in Banaskantha in Gujarat, Fatehgarh Sahib in Punjab, Diu and Gir Somnath, and Namakkal and Tiruchirappalli in Tamil Nadu. It supplies industrial, commercial, domestic and automobile customers in the geographical areas allotted to it.
Its promoters are Cadila Pharmaceuticals Limited, IRM Trust and Dr. Rajiv Indravadan Modi.
The IPO was Rs 545 crore and was entirely fresh issue. Rs 307.26 crore was planned for building the CGD network in Namakkal and Tiruchirappalli from Fiscal 2024 to Fiscal 2027, and Rs 135.00 crore for repaying borrowings.
Frequently asked
What is the GMP of IRM Energy IPO?
The current Grey Market Premium (GMP) of IRM Energy IPO is ₹ 50.
What is the Kostak Price of IRM Energy IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for IRM Energy IPO is not available.
What is the Subject to Sauda Price of IRM Energy IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of IRM Energy IPO?
IRM Energy IPO listed on October 26, 2023 at ₹477.25, against the issue price of ₹505 — a loss of -5.5%.
How did the GMP of IRM Energy IPO trend before listing?
The GMP of IRM Energy IPO was stable in its final days before listing. The GMP peaked at ₹120 on 11 October 2023. View the day-wise table above for the complete GMP history.
Explore IRM Energy IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
