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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 objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. Investment in a Subsidiary;
2. Prepayment and repayment of existing loans of the Company and the Subsidiaries;
3. To meet the expenses of the Issue;
4. For General Corporate Purpose;
5. To meet the long term working capital requirements of the Company.
| IRB Infra IPO Date | Jan 31, 2008 to Feb 5, 2008 |
| IRB Infra IPO Face Value | ₹10 per share |
| IRB Infra IPO Price | ₹185 to ₹220 per share |
| IRB Infra IPO Lot Size | 30 Shares |
| Issue Size | 51,057,666 shares of ₹10 (aggregating up to ₹944.57 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
The IRB Infra IPO lot size is 30 shares. A retail-individual investor can apply for up to 30 lots (900 shares or ₹198,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 30 | ₹6,600 |
| Maximum | 30 | 900 | ₹198,000 |
The IRB Infra IPO is subscribed 4.30 times on Feb 5, 2008 5:00:00 PM. 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) |
|---|
| Listing Date | Monday, February 25, 2008 |
| BSE Script Code | 532947 |
| NSE Symbol | IRB |
| Listing In | B1 Group of Securities |
| ISIN | INE821I01014 |
| IPO Price | ₹185 per share |
| Face Value | ₹10 per share |
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IRB Infrastructure Developers Ltd
3rd Floor, IRB Complex,
Chandivli Farm,
Andheri (East), Mumbai– 400072, India
Phone: +91-22 6640 4220
Email: ipo@irb.co.in
Website: http://www.irb.co.in
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: irbipo@karvy.com
Website: https://karisma.kfintech.com/
IPO Broker Recommendations
IRB Infra IPO is a main-board IPO of 51,057,666 equity shares of the face value of ₹10 aggregating up to ₹944.57 Crores. The issue is priced at ₹185 to ₹220 per share. The minimum order quantity is 30 Shares.
The IPO opens on Jan 31, 2008, and closes on Feb 5, 2008.
KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The IRB Infra IPO opens on Jan 31, 2008 and closes on Feb 5, 2008.
IRB Infra IPO lot size is 30 Shares and the minimum order quantity is .
You can apply in IRB Infra IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for IRB Infra IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the IRB Infra IPO allotment status.
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Emkay Research has maintained its buy rating on IRB Infrastructure Developers with a price target of Rs 240 in its April 15, 2008 research report. "IRB boasts of holding amongst the most lucrative BOT concessions in the country. It has recently bagged two highly lucrative road concessions covering the high traffic and fast growing economic centre of Surat. It's E&C business is thriving on the back of captive orders from the new concessions bagged by its BOT SPVs."
"Overall, we like IRB's strategy of adding stable cash flow road BOT concessions and leveraging the same for its E&C business. Hence, while these road concessions support the consolidated earnings with reasonable certainty, at the same time they are not dilutive on RoE (RoE of 32% for BOT portfolio). We initiate coverage on IRB with a BUY and a price target of Rs 240," says Emkay's research report.