Initial Public Offering of IRM Energy Limited

  • Deal
  • November 3, 2023

JSA advised HDFC Bank Limited and BOB Capital Markets Limited in relation to initial public offering of equity shares by IRM Energy Limited, aggregating to ₹ 5,443.63 million (“IPO”) through a fresh issue of equity shares. As per news reports, the IPO was oversubscribed 27 times, with the NIIs category being oversubscribed by 48.34 times, the QIB portion being oversubscribed 44.73 times and the retail investors’ portion being oversubscribed by 9.29 times.

Deal Value: INR 5,443.63 million

Our Transaction Team Lead Partner – Arka Mookerjee, Partner – Siddhartha Desai, Principal Associate – Krupa Brahmbhatt,  and Associate – Govind Roy & Pooja Tada.