It is important to note that grey market premiums are just an indicator of how the company’s shares are stacked up in the unlisted market and are subject to change rapidly. The IPO, which is completely a fresh equity sale of 1.08 crore shares, received a healthy subscription of 27.05 times at close. IRM Energy is a city gas distribution company in India, with operations in Gujarat, Punjab, Union Territory of Daman and Diu, and Tamil Nadu.
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