Business Standard

IRB InvIT Fund - IPO

Issue Type

Book Building-InvITs

Issue Size (₹ Cr.)

5,032.88 cr

Price Range (₹)

102

Lot Size

5000

Min Investment (₹)

5,10,000.00

Listing Exchange

MumbaiNSE

Open Date

03-May-2017

Close Date

05-May-2017

Listing Date

18-May-2017

IRB InvIT Fund News

    The Shares of IRB InvIT Fund have now been listed.

    IRB InvIT Fund IPO Details

    Initial public offer of 449,779,291 units (The Units) representing an undivided bebeficial interest in the IRB InvIT Fund (The Trust) consisting of fresh issue of 421,568,627 unit, at a price of Rs. 102 per unit, aggregating to Rs. 4300.00 crores by the trust (The Fresh Issue) and an offer for sale of 28,210,664 units, aggregating to Rs. 287.75 crores, by IRB Infrastructure Developers Limited (The Sponsor), Modern Road Makers Private Limited, Aryan Toll Road Private Limited, ATR Infrastructure Private Limited and Ideal Road Builders Private Limited (Collectively, The Selling Unitholders) (The Offer for Sale and together with the fresh issue, The Issue). IRB Infrastructure Private Limited (The Investment Manager), in consultation with the Global co-ordinators and book running lead managers (The GCBRLMS) and the book running lead managers (The BRLM), and the trustee, has, pursuant to the retention of oversubscription amounting to 9.70% of the issue size, issued 43,640,709 units, aggregating to Rs. 445.14 crores (The Oversubscription, and together with the issue, the Total Issue) in accordance with The Securities and Exchange Board of India (Infrastructure Investment Trust) regulations, 2014, as amended, together with any guidelines, circulars, clarification and notifications issued thereunder, including SEBI Circular No.CIR/IMD/DF/55/2016 dated may 11, 2016 (InvIT Regulations).The total issue consists of 493,420,000 units at a price of Rs. 102 per unit, aggregating to Rs. 5032.88 crores. The total issue constitutes at least 25% of the total outstanding units on a post-issue basis terms of regulation 14(1A) of the InvIT Regulation.The issue price : Rs. 102 per unitAnchor Investor and Strategic Investor issue price : Rs. 102 per unit.

    Objective of issue

    Investment in Proj. SPVs by way of issue of debt. General purposes.

    IRB InvIT Fund Contact Details

    IRB InvIT Fund, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - info@irbinvit.co.in

    Website - www.irbinvit.co.in