According to market analysts, the company s shares are trading with a premium of Rs 55 in the unlisted market. The IPO is priced in the range of Rs 480-505. Analysts believe IRM Energy gives investors an opportunity to invest in one of the growing and emerging players in the city gas distribution segment in its geographical areas.
The NII portion of the issue was booked the most at 1.01x, while that of retail investors was booked 1x. There were no bids yet from qualified institutional buyers (QIB). According to market analysts, the company s shares are trading with a premium of Rs 67 in the unlisted market. The IPO is priced in the range of Rs 480-505.