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IRB Infrastructure Developers IPO is a book build issue of ₹944.57 crores. The issue is entirely a fresh issue of 5.11 crore shares of ₹944.57 crore.
IRB Infrastructure Developers IPO bidding started from Jan 31, 2008 and ended on Feb 5, 2008. The shares got listed on BSE, NSE on Feb 25, 2008.
IRB Infrastructure Developers IPO price band is set at ₹185.00 per share . The lot size for an application is 30. The minimum amount of investment required by an retail is ₹5,550 (30 shares). The lot size investment for sNII is 37 lots (1,110 shares), amounting to ₹2,05,350, and for bNII, it is 181 lots (5,430 shares), amounting to ₹10,04,550.
The issue includes a reservation of up to 1,25,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Deutsche Equities India Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to IRB Infrastructure Developers IPO RHP for detailed Information.
| IPO Date | January 31, 2008 to February 5, 2008 |
| Listing Date | February 25, 2008 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹185 to ₹220 per share |
| Issue Price Final | ₹185 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 5,10,57,666 shares (aggregating up to ₹944.57 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 28,13,06,444 shares |
| Share Holding Post Issue | 33,23,64,110 shares |
IRB Infra IPO offers total 5,10,57,666 shares. Out of which 3,05,59,600 (59.85%) allocated to QIB, 50,93,266 (9.98%) allocated to NII, 1,52,79,800 (29.93%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 3,05,59,600 (59.85%) | NA |
| NII (HNI) Shares Offered | 50,93,266 (9.98%) | NA |
| Retail Shares Offered | 1,52,79,800 (29.93%) | 5,09,326 |
| Employee Shares Offered | 1,25,000 (0.24%) | NA |
| Total Shares Offered | 5,10,57,666 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
IRB Infrastructure Developers IPO opens on January 31, 2008, and closes on February 5, 2008.
| IPO Open Date | Thu, Jan 31, 2008 |
| IPO Close Date | Tue, Feb 5, 2008 |
| Tentative Listing Date | Mon, Feb 25, 2008 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 5, 2008 |
Investors can bid for a minimum of 30 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹5,550 |
| Retail (Max) | 36 | 1,080 | ₹1,99,800 |
| S-HNI (Min) | 37 | 1,110 | ₹2,05,350 |
| S-HNI (Max) | 180 | 5,400 | ₹9,99,000 |
| B-HNI (Min) | 181 | 5,430 | ₹10,04,550 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1998, IRB Infrastructure Developers Limited is in infrastructure development business which involves construction, development and operation of infrastructure development projects.
IRB Infrastructure Developer is an established infrastructure company in the roads sector in India and have a large portfolio of completed and operational BOT projects in the Indian road infrastructure sector. IRB's construction business complements infrastructure development business and involves engineering, procurement and construction work for construction projects on a contractual basis, including in the roads sector.
IRB is one of the leading Private Developers in the Western India & having large number of operating toll road projects. IRB has executed Road Construction works on BOT and funded basis for the Clients like MORST&H, NHAI, MSRDC, PWD, World Bank, Asian Development Bank, of around 1200 kms length, so far. IRB executed one of the early BOT Project viz. 'Thane Bhiwandi By-Pass Road' & the prestigious 'Mumbai - Pune Expressway & NH 4 BOT Project'.
The Company IRB Infra IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Investment in IDAA | 900.00 |
| 2 | Prepayment and repayment of existing loans of the Company and the Subsidiaries the Company | 2,360.00 |
| 3 | Aryan Toll Road Private Limited | 400.00 |
| 4 | Modern Road Makers Private Limited | 750.00 |
| 5 | Thane Ghodbunder Toll Road Private Limited | 2,070.00 |
| 6 | NKT Road & Toll Private Limited | 250.00 |
| 7 | Ideal Road Builders Private Limited | 400.00 |
| 8 | Mhaiskar Infrastructure Private Limited | 1,000.00 |
| 9 | General corporate purposes | 302.50 |
| 10 | Issue related expenses | 1,013.20 |
| Listing Date | February 25, 2008 |
| BSE Script Code | 532947 |
| NSE Symbol | IRB |
| ISIN | INE821I01014 |
| Final Issue Price | ₹185 per share |
| BSE Listing Group | B1 |
IRB Infrastructure Developers Ltd.
3rd Floor, IRB Complex,
Chandivli Farm,
Andheri (East),
Mumbai, Maharashtra, 400072
Phone: +91-22 6640 4220
Email: ipo@irb.co.in
Website: http://www.irb.co.in
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: irbipo@karvy.com
Website: https://ipostatus.kfintech.com/
IRB Infrastructure Developers IPO is a main-board IPO of 5,10,57,666 equity shares of the face value of ₹10 aggregating up to ₹944.57 Crores. The issue is priced at ₹185 per share. The minimum order quantity is 30.
The IPO opens on January 31, 2008, and closes on February 5, 2008.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in IRB Infrastructure Developers IPO using UPI as a payment gateway. Zerodha customers can apply in IRB Infrastructure Developers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in IRB Infrastructure Developers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The IRB Infrastructure Developers IPO opens on January 31, 2008 and closes on February 5, 2008.
IRB Infrastructure Developers IPO lot size is 30, and the minimum amount required for application is ₹5,550.
You can apply in IRB Infrastructure Developers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for IRB Infrastructure Developers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the IRB Infrastructure Developers IPO allotment status.
The IRB Infrastructure Developers IPO listing date is on Monday, February 25, 2008.
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