IRM Energy Limited IPO Message Board (Page 26)

Dear all, pls help, do upstox and ange one allow selling of sme ipo in pre open market?

OT:
Netweb ran more than 7 % (60 rs.)today after long long time.
Very good results around the corner??or operator play??

Price Band Advertisement officially published by LM - HDFC Bank

480-505

Fy 23 eps 15.36

505 share price/15.36 = 33 PE

June 23 quarter annualized eps 26.25
505 share price/26.25 = 19.24 PE

Peer :
Gujgas PE 21
Igl PE 22

Finance cost :

22.9 cr for FY 23
And 6 cr for June 23

Object of IPO :

307 cr capex
135 cr debt repayment

Debt

164.9 cr outstanding will repay 135 cr via IPO processed

Debt info from RHP

GMP 101

Query regarding Shni category application-

I have always applied only in retail and that too one single lot. Can someone please tell me, if I apply in Shni minimum category of 14 lots for approx 2 lacs, the allotment can be between 0 lots and 14 lots in an oversubscribed IPO?

It will be either 0 lot (if not allotted) or 14 lots (if allotted).
Not between 0-14 lots.

​@Paymzia @RealQueen Thank you for the quick reply which cleared my doubt

Main point is promoters are extremely reliable. Financials ok. Only baffling point is this share is priced higher than Gujarat Gas which much bigger this one. Fy 23 Gujarat gas dividend is rs. 6.65 per share. I had purchased 200 shares @40 at the time of public issue which has become 10000 shares now. Cost recovered in dividends only long back. Feel pricing should have been little less.

114 Strong Buyer 🔼⏫️

Any one can suggest how can i invest in reality index any name of ETF or Mutual fund holding 100% of reality index.

⛽ IRM Energy IPO ⛽

Date : 18 Oct - 20 Oct 2023
FV : ₹10
Size : ₹545.40 Crore
Price : ₹480 - ₹505
Lot : 29 Shares
GMP: ₹120 (+23.76%)

IRM ENERGY IPO ( TENTATIVE )

Date : 18-20 Oct
Price Band : 480-505
Issue Size : 545 cr
Retail : 35 %

M.Cap Pre-Issue : 1528 cr
M.cap Post-issue : 2073 cr

Conso. Financials FY 23 :
Revenue : 1045.1 cr ( FY 22 - 549.1 cr )
PAT : 56.5 cr ( FY 22 - 113.56 cr )EPS : 18.72 / Post issue : 13.76

PE Pre-Issue : 27.04

PE Post-Issue : 36.69

Gross Debt : 304 cr
Net Debt : 282 cr
Debt to Equity : 0.87 ( I expect below 0.70)
Peers :
1.Mahanagar Gas ( MGL ) : 11.26
2.Indraprastha Gas ( IGL ) : 22.00
3.Gujarat Gas : 21.37Sector PE : 18.21 ( I don't consider ATGL )

4.Adani Total ( ATGL ) : 120

LM :

1.HDFC Bank
2.BOB Capital Markets

At first Glance The IPO is not very interesting considering PAT falling by 51 % although Revenue Increasing by 52 %
It's like Updater , Company not bad but also no reason to apply

Can expect small listing gains considering Promoter background and Sentiment

IRM ENERGY LIMITED IPO ALL DETAILS CONFIRM

DATE : 18-OCT TO 20-OCT
PRICE : ₹480 - ₹505
MARKET LOT : 29 SH
APP AMT : ₹14,645
SIZE : ₹544.36 CR
EMP : 9.87 CR
RETAIL FORM : 127,738
HNI SMALL FORM : 1,303
HNI BIG FORM : 2,607
QIB : 50%
NII : 15%
RETAIL : 35%
ALLOTMENT : 27-OCT
LISTING : 31-OCT

IRM ENERGY LIMITED IPO DETAILS

DATE : 18-OCT TO 20-OCT
PRICE : ₹480 - ₹505
MARKET LOT : 29 SH
APP AMT : ₹14,645
SIZE : ₹544.36 CR
EMP : 9.87 CR
RETAIL FORM : 127,738
HNI SMALL FORM : 1,303
HNI BIG FORM : 2,607
QIB : 50%
NII : 15%
RETAIL : 35%
ALLOTMENT : 27-OCT
LISTING : 31-OCT
Jodhpur Beawar Raipur
GMP- ₹50/= Buyers onl No Activities

Promoted by Cadila Pharmaceutical and IRM energy for city gas distribution. However the positive of this IPO is fresh equity and no OFS. By this fund raising the company is going to decrease its debt, which is very positive point.
Gas distribution companies are going good. Gujarat Gas, MGL and IGL doing exceptionally well. Promoters holding of about 68% is also good. 28.65 equity is held by
Enertech Distribution Management and 2.94 eqity held by Shizuoka Gas Company.
Issue size of about 550 crs. may give a upper prize of Rs.500+.
Looking into financial, listing gain seems to between 12% to 18% is not bad for an investment for maximum 8 days. Not to expect more from the promoters. Medium and long term looks better like other gas distribution companies. Link Intime is the Registrar.
Price band likely to come out in a day or two.
Holding MGL IPO allotment. Gujarat Gas was sold at an early stage.

@PKRAJ Sir,

Thank you for your insights. Missed your input on earlier some IPOs.

Happy to see you. take care Sir.

One HUMBLE REQUEST, keep posting your views about forthcoming MAINLINE Every ipo for the BENEFITS of our chittorgarh Family members 🙏

First of all, thank you @newgen consultancy @Jetha Lal  for guiding as a result I didn’t increase the holding in ideaforge to an insane level. However, I am not able to judge what are the reasons that investors are losing faith in this company. Why the correction? Is it due to a higher valuation? A futuristic company may deserve such kind of valuation; I thought. Results are not announced yet, so what is propelling the investor to offload this script like junk? This discussion may help to judge the real value of companies that are coming with IPO or recently have concluded the same. @Cyclodium @SONMAYA @Viraj. @GrayIsTheNewBlack @Vultureee @Crow @Smile✍️ @ValueSeeker

Told you all, please see today's movement.

Hello, I made a mistake on FOMO for this one and I average it a bit by buying more yesterday itself. Today it’s 4.5% up than yesterday so not regretting but as @newgen consultancy has mentioned it’s good at buying around 730 so if it will go down will add more. After averaging the stock price is at £950 in my portfolio.

Irm 120 buyer Ahmedabad

It's 108, confirmed by source.

108-118
🔥🔥🔥

​@Admin @ Chittorgarh.com dear admin, i am not able to post any messages related to IPO.

Hi @newgen consultancy ,

Sir I have bought ideaforge @900 is there any chance to recover please suggest

Last support for ideaforge is 725 if break then exit otherwise hold my gutfelling says it might recover from here.

GMP क्या है?

105 buyers 👍

IRM
1st Day 1st show
💯 premium

GMP starts 105 Buyers 🔥🔥🔥