Today, we’re going on a journey to explore the estimated IRM Energy Share Price Target for the years 2023 to 2050. We will use our Research and the company’s growth prospects to make a prediction. By the end of our journey, you will have a better understanding of the expected IRM Energy Share Price Target.
IRM Energy a “CGD” city gas distribution company in India, has made a significant move by announcing its IPO with a price band set between ₹480 to ₹505 per share. The IPO, which opened on 18 October 2023, will remain open for subscription until 20 October 2023, providing potential investors with a unique opportunity to become a part of the company’s growth story.
The IPO comprises a total issue size of 10,800,000 shares, aggregating up to ₹545.40 Crores. All the shares in the offering are fresh issues, indicating the company’s intent to raise capital for further expansion and development. The face value of each share is ₹10.
One notable feature of the IRM Energy IPO is the Employee Discount, whereby employees can acquire shares at a discounted rate of Rs 48 per share, offering them a chance to invest in the company at a favorable price.
This IPO is categorized as a Book Built Issue IPO, which means that the price of the shares will be determined through a bidding process, allowing market forces to play a role in setting the share price.
IRM Energy’s listing date on the BSE and the NSE is set for 26 October 2023. The Lot Size for this IPO is 29 shares, meaning that investors can apply for shares in multiples of 29. The price band of ₹480 to ₹505 per share presents an attractive opportunity for investors looking to diversify their portfolios in the energy sector.
Overview of IRM Energy
| Name | IRM Energy Limited |
| Symbol | – |
| Industry | Gas distribution company |
| Founded | 6 years in developing |
| CEO | – |
| Country | India |
| Locations | Multiple locations in India |
| Website | irmenergy.com |
| Profile | IRM_Energy |
IRM ENERGY LIMITED, a subsidiary of the renowned Cadila Pharmaceuticals Ltd., stands as a testament to India’s commitment to cleaner energy solutions. With its roots deeply embedded in the natural gas distribution sector, the company has been diligently serving various districts across the nation.
Founded over six years ago, IRM Energy has been at the forefront of developing robust city gas distribution networks. As of 31 March 2023, the company boasts an impressive supply network spanning over 3,665 inch-kms of pipelines. This includes approximately 3,000 inch-kms of MDPE pipelines and 665 inch-kms of steel pipelines.
IRM Energy’s dedication to its consumers is evident in its expansive reach. Catering to the natural gas requirements of 48,172 domestic customers, 179 industrial units, and 248 commercial establishments, the company has left no stone unturned. Additionally, they have strategically established a network of 62 CNG retail outlets, ensuring that clean energy is accessible to all.
The company’s presence is not just limited to one or two states. They have been actively distributing natural gas in areas such as Banaskantha District in Gujarat, Fatehgarh Sahib in Punjab, and Diu & Gir-Somnath in the Union Territory of Daman & Diu and the state of Gujarat. Their recent accolade includes being awarded the exclusive rights by the Petroleum & Natural Gas Regulatory Board (PNGRB) to develop the CGD infrastructure in the Tiruchirappalli & Namakkal district of Tamil Nadu.
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched IRM Energy Share price target for 2023, 2025, 2030 to 2050.
Keep an eye on IRM Energy’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in IRM Energy’s stock price. we will also take into analyst recommendations from various brokerage firms at the end of the article.
Above, the chart presents historical prices for IRM Energy stock, illustrating its trending behavior. Below, the table provides detailed data on the stock’s open, high, low, and close prices, offering a comprehensive perspective for stock analysis.
Brokerage Firms
An effective method for evaluating the IRM Energy share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms.
“Latest Research reports are not available.”
| DATE | AUTHOR | TYPE | REPORT |
|---|---|---|---|
| 18 OCT 2023 | SBI Securities | IPO Subscribe | |
| 17 OCT 2023 | HDFC Securities | IPO Note | |
| 17 OCT 2023 | Ventura | IPO Note | |
| 11 OCT 2023 | Hem Securities | IPO Subscribe |
Fundamentals of IRM Energy
The fundamental analysis of IRM Energy Limited focuses on key factors to better understand the company’s valuation.
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched IRM Energy price target for 2023, 2025 to 2030, based on our Research knowledge and forecasting.
For the year 2023, we forecast that IRM Energy’s share price target will be in the range of Rs. 550 – Rs. 600. This is based on the company’s strong financial performance in the past year, with a cumulative gas contract of 348,012 SCM/day from RIL, GAIL, and India Gas Solutions. Additionally, the company has a gas contract of 35,709 SCM/day with Farm Gas, which is a joint control entity of IRMEL.
The company’s strategic sourcing of gas, which includes Brent-linked, Japan/Korea Marker (JKM) LNG-linked, Japan Crude Cocktail (JCC), and Henry Hub-linked contracts of various validity periods, has also been a key factor in its success.
For the year 2024, we forecast that IRM Energy’s share price target will be in the range of Rs. 650 – Rs. 700. This is based on the company’s continued focus on strategic sourcing of gas and its ability to take advantage of lower RLNG costs in the past. Additionally, the company’s decision to enter into a JKM-linked contract in calendar 2020 for one year proved to be a prudent one, as JKM was the lowest of all benchmarks during the year.
For the year 2025, we forecast that IRM Energy’s share price target will be in the range of Rs. 750 – Rs. 800. This is based on the company’s continued growth in the natural gas distribution sector and its ability to take advantage of lower costs by switching to R-series gas from RIL. The company’s conversion to a public limited company in March 2022 and the increase and restructuring of its authorized share capital to Rs. 1,000 crore also indicate a positive outlook for the company’s future growth.
For the year 2027, we forecast that IRM Energy’s share price target will be in the range of Rs. 950 – Rs. 1000. This is based on the company’s continued focus on sourcing reliable and cost-effective gas from leading gas suppliers and its strategic gas sourcing policy in place, which encompasses index linkages, gas procurement from high pressure, high-temperature fields, reliance on a diversified portfolio of gas contracts, and enables the company in efficient cost management.
For the year 2030, we forecast that IRM Energy’s share price target will be in the range of Rs. 1200 – Rs. 1300. This is based on the company’s continued growth in the natural gas distribution sector and its transition towards being an energy company with its proposed renewable (solar) energy projects.
Additionally, the company’s joint study agreement with ShizGas and a Japan-based company to explore the viability of procurement of international LNG for domestic distribution within India also indicates a positive outlook for the company’s future growth.
For the year 2035, we forecast that IRM Energy’s share price target will be in the range of Rs. 1800 – Rs. 2000. This is based on the company’s continued growth in the natural gas distribution sector and its transition towards being an energy company with its proposed renewable (solar) energy projects.
The company’s focus on strategic sourcing of gas and its ability to take advantage of lower RLNG costs in the past, as well as its joint study agreement with ShizGas and a Japan-based company to explore the viability of procurement of international LNG for domestic distribution within India, also indicate a positive outlook for the company’s future growth.
For the year 2040, we forecast that IRM Energy’s share price target will be in the range of Rs. 2500 – Rs. 3000. This is based on the company’s continued growth in the natural gas distribution sector and its transition towards being an energy company with its proposed renewable (solar) energy projects.
The company’s focus on strategic sourcing of gas and its ability to take advantage of lower costs by switching to R-series gas from RIL, as well as its joint study agreement with ShizGas and a Japan-based company to explore the viability of procurement of international LNG for domestic distribution within India, also indicate a positive outlook for the company’s future growth.
For the year 2050, we forecast that IRM Energy’s share price target will be in the range of Rs. 4000 – Rs. 5000. This is based on the company’s continued growth in the natural gas distribution sector and its transition towards being an energy company with its proposed renewable (solar) energy projects.
The company’s focus on strategic sourcing of gas and its ability to take advantage of lower costs by switching to R-series gas from RIL, as well as its joint study agreement with ShizGas and a Japan-based company to explore the viability of procurement of international LNG for domestic distribution within India, also indicate a positive outlook for the company’s future growth.
Analyst Recommendations
IRM Energy Buy or Sell
Daily Low / High
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| Year | Minimum (Rs.) Target | Maximum (Rs.) Target |
|---|---|---|
| 2023 | 550₹ | 600₹ |
| 2024 | 650₹ | 700₹ |
| 2025 | 750₹ | 800₹ |
| 2026 | 850₹ | 900₹ |
| 2027 | 950₹ | 1000₹ |
| 2030 | 1200₹ | 1300₹ |
| 2035 | 1800₹ | 2000₹ |
| 2040 | 2500₹ | 3000₹ |
| 2050 | 4000₹ | 5000₹ |
– The IPO, which opened on 18 October 2023, will remain open for subscription until 20 October 2023, with a price band set between ₹480 to ₹505 per share.
– As of 27 October 2023, the current share price of IRM Energy is ₹472.45 Check out today’s current share price.
– Based on our analysis, the maximum share price target for IRM Energy in 2023 could be ₹600.
– Based on our analysis, the maximum share price target for IRM Energy in 2025 could be ₹800.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices. My purpose is only educational, and I am using AI to see what the future of the stock might look like.
Disclaimer– These Share Price Targets for “IRM Energy Share Price Target” are only provided for informational purposes only. It does not constitute a recommendation to buy, sell, or hold IRM Energy stock. Investors should conduct their own research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
