The initial public offer (IPO) of IRM Energy opens for subscription on Wednesday and will run till Friday, wherein the company would look to raise Rs 545 crore.
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 (GAs).
The issue is completely a fresh equity sale of 1.08 crore shares. The issue is priced at Rs 480-505 per share.
About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors. Investors can bid for a minimum of 29 shares in one lot and in multiples thereafter.
Comments
Post a Comment