IRM Energy IPO Subscription Status
IRM Energy IPO was subscribed 27.05 times when bidding closed on 20 Oct 2023: QIB 44.73x, NII 48.34x, Retail 9.29x.
The IRM Energy IPO has been subscribed 27.05x times overall. Retail investors have shown interest with bids for 9.29x the shares available. The Non-Institutional Investor (NII) category has been subscribed 48.34x. Within NII, Big HNI (B-HNI) subscribed 52.29x and Small HNI (S-HNI) subscribed 40.46x. Qualified Institutional Buyers (QIBs) have subscribed 44.73x. Data last updated on 10 Nov, 06:13 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 18 Oct, 2023 and closes on 20 Oct, 2023. The shares are expected to list on stock exchanges on 26 Oct, 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 44.73x |
| NII | - of - - | 48.34x |
bHNI — bid amount above ₹10 Lakh |
- - | 52.29 |
sHNI — bid amount ₹2–10 Lakh |
- - | 40.46 |
| Retail | - of - - | 9.29x |
| Employee | - of - - | 2.05x |
| TOTAL | - - | 27.05x |
IRM Energy IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 10.8% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 44.73x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
20 Oct 2023
Day 3 |
27.05x | ▼ | |
|
QIB44.73x
BHNI52.29x
SHNI40.46x
Retail9.29x
Employee2.05x
|
|||
|
19 Oct 2023
Day 2 |
4.37x | ▼ | |
|
QIB1.18x
BHNI8.17x
SHNI10.93x
Retail4.36x
Employee0.94x
|
|||
|
18 Oct 2023
Day 1 |
1.71x | ▼ | |
|
QIB1.07x
BHNI2.23x
SHNI3.34x
Retail1.78x
Employee0.38x
|
|||
IRM Energy IPO dates
From the bidding window 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
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
| # | Anchor Investor | Group Entity | Amt (₹ cr.) | % Allocated | |
|---|---|---|---|---|---|
| 1 | QUANT MUTUAL FUND - QUANT ACTIVE FUND | QUANT MUTUAL FUND | ₹39.35 Cr | 24.54% | |
| 2 | DSP SMALL CAP FUND | DSP MUTUAL FUND | ₹28.00 Cr | 17.46% | |
| 3 | HDFC LIFE INSURANCE COMPANY LIMITED | HDFC LIFE INSURANCE | ₹28.00 Cr | 17.46% | |
| 4 | SBI GENERAL INSURANCE COMPANY LIMITED - FRSM | SBI MUTUAL FUND | ₹25.00 Cr | 15.59% | |
| 5 | PNB METLIFE INDIA INSURANCE COMPANY LIMITED | - | ₹10.00 Cr | 6.24% | |
| 6 | NIPPON INDIA EQUITY OPPORTUNITIES AIF - SCHEME 8 | NIPPON INDIA MUTUAL FUND | ₹10.00 Cr | 6.24% | |
| 7 | BANK OF INDIA SMALL CAP FUND | BANK OF INDIA MUTUAL FUND | ₹6.00 Cr | 3.74% | |
| 8 | ITI BALANCED ADVANTAGE FUND | ITI MUTUAL FUND | ₹5.00 Cr | 3.12% | |
| 9 | BANK OF INDIA MULTI CAP FUND | BANK OF INDIA MUTUAL FUND | ₹2.75 Cr | 1.71% | |
| 10 | ITI FLEXI CAP FUND | ITI MUTUAL FUND | ₹2.50 Cr | 1.56% | |
| 11 | ITI MID CAP FUND | ITI MUTUAL FUND | ₹2.50 Cr | 1.56% | |
| 12 | BANK OF INDIA MANUFACTURING & INFRASTRUCTURE FUND | BANK OF INDIA MUTUAL FUND | ₹1.26 Cr | 0.78% | |
| TOTAL | ₹160.36 Cr | 100.00% |
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of IRM Energy IPO?
As of IPO close date (20 Oct, 2023), the IRM Energy IPO is subscribed 27.05x times. Retail category is 9.29x, and NII is 48.34x subscribed.
When is the allotment date for IRM Energy IPO?
The allotment for IRM Energy IPO is expected to be finalized on 27 October, 2023.
What is the GMP of IRM Energy?
The Grey Market Premium (GMP) for IRM Energy is currently ₹50, indicating a potential listing gain of 10%.
When will IRM Energy IPO list on the stock market?
IRM Energy is scheduled to list on BSE and NSE on 26 October, 2023.
What are the chances of getting allotment in IRM Energy IPO?
The retail category is oversubscribed at 9.29x, meaning allotment is by lottery. Statistically, approximately 1 in 10 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 44.73x mean for IRM Energy IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 44.73x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check IRM Energy IPO allotment status?
After the allotment date (27 Oct, 2023), you can check your IRM Energy IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore IRM Energy IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
