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IRM Energy listing: IRM Energy stock lists at 5.5% discount to IPO price

IRM Energy s shares were listed at a discount of over 5% to the issue price on Thursday. The stock debuted at Rs 477.2 on NSE and Rs 479 on BSE, both down over 5%. However, analysts believe that the IPO was fairly priced and the company has a strong customer base and distribution network. The IPO received a healthy subscription of 27.05 times. IRM Energy is a city gas distribution company in India and plans to use the proceeds for capital expenditure and debt repayment. ....

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IRM Energy Gets Exhaustive Debut Lists With 5 5 Discount - BW Businessworld

IRM Energy IPO listed on 26 October with a discount of 5.5 per cent on Indian Exchanges, , stock market, IPO launch, IRM Energy, nifty, sensex, retail investors, Intraday, energy stocks, Adani Total Gas, Mahanagar Gas Ltd, gujarat gas ....

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IRM Energy sees lacklustre debut on bourses, lists at 5% discount; Should you hold or exit?

IRM Energy sees lacklustre debut on bourses, lists at 5% discount; Should you hold or exit?
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irm energy shares: Weak market sentiments dent IRM Energy listing. What should investors do?

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. ....

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irm: Can city gas distribution firms thrive in an increasingly electric future? IRM Energy is positive.

City gas distribution firms like Indraprastha Gas and Mahanagar Gas havent had a pleasant run of late in the markets. Their primary revenue churner CNG is becoming an expensive choice for the customer besides electric vehicles are rolling in faster. What does IRM Energy has up its sleeve as it prepares to list? ....

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