IRM Energy Ltd. share price target

Q2 EBITDA decline on margin contraction amid continuing high opex; impact of APM deallocation covered with NWG gas and price hikes

Q1 EBITDA recovered 34% sequentially on recovery in EBITDA margin, but still 28% lower YoY on higher opex

Lifestyle Inflation Index: How lifestyle inflation rate has moved. Trade: Foreign Trade (April-January). Automobiles: Q3FY24 Review Healthy volumes on strong PV sales, 2W revival. IRMENERG: Management meet takeaways Volume growth potential

Issue Snapshot: Issue Open: October 18 October 20, 2023 Price Band: Rs. 480 505 (Employee Discount of Rs 48 per share) *Issue Size: 10,800,000 eq sh (including employee reservation of 216,000 eq sh) Reservation for: QIB upto 50% eq sh Non-Institutional atleast 15% eq sh ((including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs)) Retail atleast 35% eq sh Face Value: Rs 10 Book value: Rs 123.38 (June 30, 2023) Bid size: - 29 equity shares and in multiples thereof 100% Book built Issue IPO Note - IRM Energy Limited 17102023

IPO NOTE