IRM Energy IPO listing date today. Here's what GMP, experts signal

livemint.com:

IRM Energy IPO: Listing date of initial public offering (IPO) of IRM Energy Limited has been fixed on 26th October 2023 i.e. today. As per the information available on BSE website, "...effective from Thursday, October 26, 2023, the equity shares of IRM Energy Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities." IRM Energy shares will list in special pre-open session on NSE and BSE and IRM Energy share price will become available for trade from 10:00 AM during Thursday deals.

According to stock market experts, IRM Energy IPO received strong response from investors but secondary market mood may hit the fancy of listing gain. They said that Indian stock market has been falling for the last five straight sessions and it may affect listing premium of IRM Energy IPO. They expected 'marginal negative to positive listing' of IRM Energy shares.

Speaking on IRM Energy IPO listing, Arun Kejriwal, Founder at Kejriwal Research and Investment Services said, "Both global market and Dalal Street sentiments are negative and it is expected to affect the fancy of IRM Energy IPO listing premium. However, the public issue received strong response from the investors and hence I believe that IRM Energy IPO listing would be marginal positive to negative." Pointing towards stock market role, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "Much will depend upon the stock market mood. As Indian stock market has been under bears' grip, one should not expect a fancy listing for IRM Energy IPO.

However, I would like to add that company has strong fundamentals. IRM Energy Limited has a sustained business model with limited competition in the market. So, in case IRM Energy shares