October 18, 2023 - October 20, 2023

IRM Energy IPO Review & Recommendations

Anand Rathi, BP Equities (BP Wealth), Choice Equity Broking Pvt Ltd, Dilip Davda, HENSEX Securities, Indsec Securities, Marwadi Shares and Finance Ltd, Nirmal Bang, Reliance Securities, SBICAP Securities Limited and Swastika Investmart Ltd have given "Apply" recommendation to IRM Energy IPO. Capital Market has given "May Apply" recommendation to IRM Energy IPO. JM Financial Institutional Securities and Ventura Securities Limited have "Not Rated" the IPO.

IRM Energy IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	11	1	0	0	2
%	78.57	7.14	0.00	0.00	14.29

IRM Energy IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Anand Rathi	Apply
BP Equities (BP Wealth)	Apply
Capital Market	May Apply
Choice Equity Broking Pvt Ltd	Apply
Dilip Davda	Apply
HENSEX Securities	Apply
Indsec Securities	Apply
JM Financial Institutional Securities	Not Rated
Marwadi Shares and Finance Ltd	Apply
Nirmal Bang	Apply
Reliance Securities	Apply
SBICAP Securities Limited	Apply
Swastika Investmart Ltd	Apply
Ventura Securities Limited	Not Rated

IRM Energy IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for IRM Energy IPO is 48. Their analysis recommends May subscribe for the IPO.

Reviewer	Rating Score	Rating
Capital Market	48	May subscribe

IRM Energy IPO Review by Dilip Davda (Apply)

[Dilip Davda] IEL is an emerging player in CGD segment with penetration in three states where ample opportunities are envisaged. The company marked growth in its top and bottom lines except for FY23 where it marked pressure on margins following surge in petroleum and gas prices due to Ukraine-Russia war. FY24-Q1 performance indicates return of normalcy and the management is confident of maintaining growth. Based on annualized FY24 numbers, the issue appears fully priced. It is a long race horse. Investors may park funds for the medium to long term rewards. Read detail review...

IRM Energy IPO Peer Comparison

IRM Energy Limited peer comparison with similar listed entities. (Consolidated) (As on March 31, 2023)

Company Name	EPS (Rs)		NAV (per share) (Rs)	P/E (x)	RoNW (%)
Company Name	EPS Basic	EPS Diluted	NAV (per share) (Rs)	P/E (x)	RoNW (%)
IRM Energy Limited	20.93	20.93	114.48		18.23
Gujarat Gas Limited	22.20	22.20	102.09	18.69	21.75
Indraprastha Gas Limited	23.42	23.42	113.30	19.21	20.67
Mahanagar Gas Limited	79.98	79.98	418.53	12.64	19.11
Adani Total Gas Limited	4.97	4.97	26.74	125.18	18.58

Notes:

With respect to IRM Energy Limited, the information above is based on the Restated Consolidated Financial Statements for the year ended March 31, 2023.
Financial information for listed industry peers mentioned above for the year ended March 31, 2023, is based on disclosures/submissions made by these companies to the stock exchanges/financials hosted on their website.
Diluted EPS refers to the diluted earnings per share of the respective company.
NAV is computed as the net worth at the end of the year divided by the closing outstanding number of equity shares.
P/E Ratio has been computed based on the closing market price of the equity shares (Source: NSE) on September 28, 2023, divided by the diluted EPS of March 31, 2023.
RoNW is computed as net profit attributable to owners of the company divided by net worth at the end of the year.

IRM Energy IPO Review by Members

IRM Energy IPO Reviews, analysis and views by popular members. Read IRM Energy Limited IPO reviews by retail investors to find recommended ipo to buy.

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IRM Energy IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	4	0	1	0
%	80.00	0.00	20.00	0.00

Member	Review
Crow IPO Mentor (700+ Posts, 900+ Likes)	Apply for Listing Gain at Cut-off Price IRM Energy is a growing company with a focus on natural gas and other non-polluting fuels. This is a good bet. October 20, 2023 1:29:16 PM
Kumat	Neutral Sir Due to uncertainty scenario, PKRAJ Plz give final verdict whether to apply or not, also see that MGL and IGL looks cheaper to IRM October 20, 2023 12:56:31 PM
KishanD	Apply for Long Term at Upper Price Band Subscribe for long term investments.. October 17, 2023 7:53:49 PM
B.M.SURANA IPO Guru (2600 Posts, 4800+ Likes)	Apply for Long Term at Upper Price Band Reputed Management 2 October 13, 2023 9:51:12 PM
Ipomania	Apply for Long Term at Cut-off Price Energy sector scope is good 1 October 10, 2023 8:22:44 PM

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1 Comments

1. अभिषेक Link|October 29, 2023 12:02:23 PM

First day low is very imp for this stock.
if anyone gets allotment in this stock
trail sl as a first day low if this stock go below first day low then there may be fresh selling in this stock.......