Infra firms line up for InvIT offer after IRB success

R-Infra, Sterlite Power among those planning to launch their InvITs in coming months

The success of the initial public offer of equity in IRB Infrastructure Developers’ infrastructure investment trust (InvIT), the country’s first such, should spur confidence for more to come up.
 
Sector experts expect around half a dozen such InvIT issuances by the end of the current financial year. Reliance Infrastructure (R-Infra) and Sterlite Power Grid ventures have already filed their draft prospectus for doing so, with the Securities and Exchange Board of India (Sebi). Two other companies considering an InvIT launch are MEP Infrastructure and IL&FS Transportation Networks.
 
Investment bankers say two more infrastructure entities are identifying projects that