IRM Energy, a city gas distribution (CGD) company, has set its sights on raising Rs 545.4 crore through this IPO.
For the quarter that ended on September 30, 2023, the company recorded a consolidated net profit of Rs 1,281 crore, while revenue increased by 15.3% to Rs 16,012 crore.
The company's sales increased from Rs 1,305 crore in Q1 to Rs 1,999.9 crore in Q2, a 53.3% increase.
The BSE Midcap and Smallcap indices ended the day with relatively flat performances.
The company is raising Rs 1000 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot.
Fed Governor Chris Waller looks back at 19 months of rate hikes and underlines why inflation may be more complicated.
The basis of allotment will be finalized on Wednesday, November 1, 2023.
Recommendation: Buy; Target price: Rs 6120
Recommendation: Buy; Target price: Rs 1750
They will investigate economic interests regarding the creation and implementation of projects in the Republics of Colombia and Guyana.
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