₹477.25 per share, 5.49% lower than the issue price of ₹505, and on the BSE, IRM Energy share price was listed at ₹479 per share. IRM Energy IPO opened for subscription on Wednesday, October 18, and closed on Friday, October 20.
IRM Energy IPO price band has been set in the range of ₹480 to ₹505 per equity share of face value of ₹10. IRM Energy IPO reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors.
A discount of ₹48 per equity share was offered to eligible employees bidding in the employee reserve portion. "Exciting news! Mint is now on WhatsApp Channels
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