The IPO of Caila Pharma-backed IRM Energy was open for bidding between October 18-20. The company sold its shares in the range of Rs 480-505 with a lot size of 29 equity shares.
Contrary to expectations, shares of IRM Energy made a muted debut on the exchanges by listing at a 5% discount. Most analysts were expecting a marginal premium debut.
The IPO of IRM Energy was open for bidding between October 18-20. The company sold its shares in the range of Rs 480-505 with a lot size of 29 equity shares.
The NII portion of the issue was subscribed the most at 48.34x, followed by QIBs at 44.73x. The category reserved for retail investors was subscribed 9.29x. According to market analysts, the company s shares are trading with a premium of Rs 45 in the unlisted market. The IPO is priced in the range of Rs 480-505.