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anubhai angaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

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IPO Synopsis
IRM Energy Ltd
Registered Office: 4th Floor Block 8 Magnet, Corporate Park S G Highway, Ahmedabad - 380054, Gujarat
Phone: 1
Email: 1
Website: 1
Initial public offer of 10,800,000* equity shares of face value of Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. 505 per equity share (including a share premium of Rs. 495 per equity share) ("Issue Price") aggregating to Rs. 544.36 crores* (the "Issue"). The issue includes a reservation of 216,000* equity shares for subscription by eligible employees (as defined herein) ("Employee Reservation Portion"). The issue less the employee reservation portion is referred to as the "Net Issue". The company in consultation with the book running lead managers, has offered a discount 9.50% of the issue price equivalent of Rs. 48.00 per equity share to eligible employees bidding in the employee reservation portion ("Employee Discount"). The issue and the net issue shall constitute 26.30% and 25.78%, respectively, of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 each. The issue price is Rs. 505 per equity share which is 50.5 times the face value of the equity shares. *Subject to finalisation of basis of allotment.
Issue Money Payable On
Opens On Closes On Application Allotment
18-Oct-2023 20-Oct-2023 505.00 - 0.00 0.00 - 0.00
Cr. Lead Managers to the Issue
Project Cost 495.86
Project Financed through Current Offer 544.36
Post Issue Equity Share Capital 41.06
Issue Price 505.00
Projects
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
General Corporate Purposes
Promoted By
Rajiv Indravadan Modi
Cadila Pharmaceuticals Ltd
Irm Trust
BSE
NSE
Registrar to the Issue
Attention Investor
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