The IRM Energy IPO garnered significant interest, recording a subscription of 27.05 times overall. Retail investors showed strong participation with a 9.29 times oversubscription, while Non-Institutional Investors (NII) and Qualified Institutional Buyers (QIB) categories saw impressive figures of 48.34 and 44.73 times, respectively.
However, the grey market premium (GMP) experienced a drop from ₹70 to ₹48, influenced by recent market fluctuations. Allotment for the IPO is projected on October 27, following the usual schedule, but may occur on October 25 if under the T+3 regime. In such a scenario, listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) could also be anticipated on October 25, while a regular schedule would see listing on October 31.