Bookbuilding IPO | ₹945 Cr | Listed at BSE, NSE | Thu, Jan 31, 2008 - Tue, Feb 5, 2008
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 per share. The lot size for an application is 30. The minimum amount of investment required by an retail is ₹6,600 (30 shares) (based on upper price). 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 Open
Thu, Jan 31, 2008
IPO Close
Tue, Feb 5, 2008
Issue Price
₹185 per share
Market Cap (Pre-IPO)
₹6,148.74 Cr
| IPO Date | 31 Jan to 5 Feb, 2008 |
| Listed on | Mon, Feb 25, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹185 to ₹220 |
| Issue Price | ₹185 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 5,10,57,666 shares (agg. up to ₹945 Cr) |
| Fresh Issue | 5,10,57,666 shares (agg. up to ₹945 Cr) |
| Share Holding Pre Issue | 28,13,06,444 shares |
| Share Holding Post Issue | 33,23,64,110 shares |
| BSE Script Code / NSE Symbol | 532947 / IRB |
| ISIN | INE821I01014 |
IRB Infrastructure Developers IPO comprises a total issue size of 5,10,57,666 shares. The net offer to the public is 5,09,32,666 shares, after excluding 1,25,000 shares under a preferential allotment. Of the Net offer 3,05,59,600 (60.00%) are allocated to QIB, 50,93,266 (10.00%) allocated to NII 1,52,79,800 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 3,05,59,600 | 60.00% | 59.85% | NA |
| NII (HNI) Shares Offered | 50,93,266 | 10.00% | 9.98% | NA |
| Retail Shares Offered | 1,52,79,800 | 30.00% | 29.93% | 5,09,326 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,25,000 | 0.24% | NA | |
| Total Shares Offered | 5,10,57,666 | 100.00% | 100.00% | |
Investors can bid for a minimum of 30 shares and in multiples thereof.
| 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 |
| 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 |
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'.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in Subsidiary, IDAA | 90.00 |
| 2 | Prepayment and repayment of existing loans of the Company and the Subsidiaries the Company | 236.00 |
| 3 | Prepayment and repayment of existing loans of the Subsidary, Aryan Toll Road Private Limited | 40.00 |
| 4 | Prepayment and repayment of existing loans of the Subsidary, Modern Road Makers Private Limited | 75.00 |
| 5 | Prepayment and repayment of existing loans of the Subsidary, Thane Ghodbunder Toll Road Private Limited | 207.00 |
| 6 | Prepayment and repayment of existing loans of the Subsidary, NKT Road & Toll Private Limited | 25.00 |
| 7 | Prepayment and repayment of existing loans of the Subsidary, Ideal Road Builders Private Limited | 40.00 |
| 8 | Prepayment and repayment of existing loans of the Subsidary, Mhaiskar Infrastructure Private Limited | 100.00 |
| 9 | General corporate purposes | 30.25 |
| 10 | Issue related expenses | 101.32 |
| Total | 944.57 |
| KPI | |
|---|---|
| RoNW | 2.76% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 87.9% | 55.89% |
| Market Cap | ₹6,148.74 Cr. |
The IRB Infra IPO is subscribed 4.3 times on February 5, 2008 5:00:00 PM (Day 4). The public issue subscribed 0.99 times in the retail category, 6.42 times in the QIB category, and 1.56 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Listing fees and expenses of SEBI registered agencies | 1.93 |
| 2 | Lead management, underwriting and selling commissions | 26.31 |
| 3 | Advertising and marketing expenses | 30.27 |
| 4 | Printing and stationery | 4.43 |
| 5 | Other (Registrar’s fees and fees payable to advisors) | 38.38 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹185.00 | ₹185.00 |
| Open | ₹170.05 | ₹194.90 |
| Low | ₹167.30 | ₹168.00 |
| High | ₹209.00 | ₹200.00 |
| Last Trade | ₹189.05 | ₹189.65 |
Lead Manager Reports
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 ₹945 Crores. The issue is priced at ₹185 per share. The minimum order quantity is 30.
The IPO opens on Thu, Jan 31, 2008, and closes on Tue, Feb 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 Thu, Jan 31, 2008 and closes on Tue, Feb 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 Mon, Feb 25, 2008.
