The price band for the issue has been fixed at Rs 480-505 a share.

The offer will open for subscription on October 18 and close on October 20, 2023.

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IRM Energy plans to spend Rs 307.26 crore for the development of the city gas distribution network in Namakkal and Tiruchirappalli in Tamil Nadu.

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The company distributes CNG for use in motor vehicles

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IRM Energy’s main competitors are Gujarat Gas, Indraprastha Gas, Mahanagar Gas and Adani Total Gas

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IRM Energy will finalise the basis of the allotment of IPO shares by the end of October 27

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transfer equity shares to the demat accounts of eligible investors by October 30. The stock will likely list on October 31 in accordance with the T+6 timeline.

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