91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4041.09 Crs.  Total funds raised in 2,025.00

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

IRM Energy Limited IPO Analysis

IRM Energy IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 545.40 Cr. The company is based in Ahmedabad and caters to Oil And Gas sector. Bob Capital Markets , Hdfc Bank are the merchant bankers of IRM Energy IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 14th December 2022.

IRM Energy IPO posted revenues of ₹ 994.52 crores and PAT of ₹ 107.64 crores in FY24 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 980.96 Cr.
            EBITDA: ₹ 164.52 Cr.
            PAT: ₹ 107.60 Cr.
  • EBITDA Margin: 16.77 %
            Pat Margin: 10.97 %
  • Net Worth: ₹ 373.32 Cr.
  • Market Capitalisation: ₹ 2073.51 Cr.
  • P/E: 23.54 times
  • P/BV: 2.26 times
  • EV/EBITDA: 14.43 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

IRM Energy IPO Financial Performance (Restated)

Financial results of IRM Energy IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Jun-23 FY23 FY22 FY21
Balance Sheet
Assets 838.21 792.90 554.80 338.11
Net Worth 373.32 346.42 243.72 117.60
Total Debt 321.24 303.83 202.59 163.35
Profit & Loss
Revenue
Revenue on annualised basis
245.24
980.96
1039.13 546.14 211.80
EBITDA
EBITDA on annualised basis
41.13
164.52
118.93 200.89 72.97
PAT
PAT on annualised basis
26.90
107.60
63.13 128.02 34.88
Financials
30-Jun-23
FY23
FY22
FY21
Balance Sheet
Assets
838.21
792.90
554.80
338.11

Net Worth
373.32
346.42
243.72
117.60

Total Debt
321.24
303.83
202.59
163.35

Profit & Loss
Revenue
Revenue on annualised basis
245.24
980.96
1039.13
546.14
211.80

EBITDA
EBITDA on annualised basis
41.13
164.52
118.93
200.89
72.97

PAT
PAT on annualised basis
26.90
107.60
63.13
128.02
34.88

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

IRM Energy IPO Key performance Indicators (KPI)

IRM Energy IPO PAT Margin is 10.97 % , ROCE (Return on Capital Employed) is 4.93 % as per latest financial. The below table shows IRM Energy IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Jun-23 FY23 FY22 FY21
EBITDA Margin (%) 16.77 11.45 36.78 34.45
PAT Margin (%) 10.97 6.08 23.44 16.47
EPS (₹) 8.89 20.93 43.88 12.39
ROE (%) 7.21 18.22 52.53 29.66
ROCE (%) 4.93 14.19 39.01 19.98
ROA (%) 3.21 7.96 23.07 10.32
Debt to Equity 0.86 0.88 0.83 1.39
Particulars
30-Jun-23
FY23
FY22
FY21

EBITDA Margin (%)
16.77
11.45
36.78
34.45

PAT Margin (%)
10.97
6.08
23.44
16.47

EPS (₹)
8.89
20.93
43.88
12.39

ROE (%)
7.21
18.22
52.53
29.66

ROCE (%)
4.93
14.19
39.01
19.98

ROA (%)
3.21
7.96
23.07
10.32

Debt to Equity (x)  
0.86
0.88
0.83
1.39

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

IRM Energy IPO Valuation Metrics

The market Capitalisation of IRM Energy IPO is ₹ 2073.51 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
2073.51

Enterprise Value (EV) (₹ Cr.):
2,373.31

EV/EBITDA (times) :
14.43

PE Multiple (times) :
23.54

P/B (times) :
2.26

NAV (₹) :
123.38

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in IRM Energy prospectus?

The IRM Energy IPO prospectus highlights an Return on Equity (ROE) of 7.21 % , Return on Assets (ROA) of 3.21 %, and an EBITDA Margin of 16.77 %, showcasing financial performance.

How do profitability ratios impact the evaluation of IRM Energy IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows IRM Energy IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for IRM Energy IPO ?

The post-IPO market capitalisation of IRM Energy IPO is ₹ 2073.51 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of IRM Energy IPO?

The IRM Energy IPO has a Price-to-Earnings (PE) ratio of 23.54 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of IRM Energy IPO?

IRM Energy IPO reported revenue of ₹ 994.52 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from IRM Energy IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of IRM Energy IPO?

IRM Energy recorded an EBITDA of ₹ 164.52 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of IRM Energy IPO?

IRM Energy Profit After Tax (PAT) is ₹ 107.60 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 980.96 Cr.
            EBITDA: ₹ 164.52 Cr.
            PAT: ₹ 107.60 Cr.
  • EBITDA Margin: 16.77 %
            Pat Margin: 10.97 %
  • Net Worth: ₹ 373.32 Cr.
  • Market Capitalisation: ₹ 2073.51 Cr.
  • P/E: 23.54 times
  • P/BV: 2.26 times
  • EV/EBITDA: 14.43 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

IRM Energy operates in Oil And Gas and Gas Distribution?network Devlopment And Operations. The Issue is listed on BSE,NSE in Oct, 2023. IRM Energy IPO size was 545.40 with Issue price of 505.00 .

Merchant Banker(s) of IRM Energy IPO: Bob Capital Markets Limited , Hdfc Bank Limited

IRM Energy IPO subscription was 27.05 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

IRM Energy IPO listed at a listing price of 472.95 against the offer price of 505.00.

The current market price of IRM Energy is 307.75.

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