IRM Energy IPO listing date today: GMP, experts signal

Thursday, October 26, 2023, is the listing date of IRM Energy IPO. Today the initial public offering of IRM Energy Limited will be listed, confirmed BSE website. As IRM Energy Limited’s IPO is going to be listed, the experts have started sharing their suggestions about its GMP. BSE website claimed that IRM Energy Limited will be listed and admitted in B Group of Securities, to dealing on Exchange from Thursday, October 26, 2023. It stated, “…effective from Thursday, October 26, 2023, the equity shares of IRM Energy Limited shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities.” You need to stick with this page and go through it till the end for more details. Scroll down the page.

IRM Energy IPO

IRM Energy Limited IPO To Be Listed Today

Kindly note that the listing of IRM Energy Limited IPO will be done in the special pre-open session of BSE and NSE. It will be available for trading on Thursday morning from 10 AM. The experts have given their advice. However, the IPO has gained a robust response from investors but it is anticipated that the secondary market mood may hit the gain of listing. Experts said that as the Indian stock market has been on the decline for the past five sessions it can also impact the premium of IRM Energy Limited IPO. However, experts predicted a slightly negative impact on the Indian stock market to the positive listing of IRM Energy Limited shares.

Market expert and the founder of Kejriwal Research and Investment Services, Arun Kejriwal said, “Both Dalal Street and global market sentiments are negative and it is anticipated to hit the fancy of IRM Energy IPO listing premium. However, the public issue got a vital response from the investors and hence I think that IRM Energy IPO listing would be marginal positive to negative.”

The head of research at Profitmart Securities, Avinash Gorakshkar spoke about the role of the market in the premium listing of IRM Energy IPO, “Much will rely upon the stock market mood. As the Indian stock market is currently under the grip of bears, nobody should expect a fancy listing for IRM Energy IPO. However, I would like to say that the company has strong fundamentals. Notably, IRM Energy Ltd has a sustained business model with limited competition in the market. If that’s the case, IRM Energy shares list below its issue price, it would be a good opportunity to accumulate for long-term investors.

Amzad Khan
Amzad Khan

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