IRB Infra IPO by this month End
Mumbai-based IRB Infrastructure Developers, an infrastructure development and construction company in India with significant experience in the roads and highways sector, has received SEBI observations for its public issue of 51,057,666 equity shares of Rs 10 each through 100% book building process.
- IRB Infrastructure Developers received SEBI observations on its DRHP
- The company into highways and roads and the largest road toll collector in the country
- IPO size could be around Rs 1100 crore
- It is slated to open in the 3rd week of January
Deutsche Equities India Private Limited is the Sole Global Coordinator and BRLM for the Issue and Kotak Mahindra Capital Company Limited is the Co-BRLM for the Issue.
IRB Infrastructure Developers Limited is the holding company of the IRB Group. Its infrastructure development portfolio consists of 12 BOT projects in the roads sector, including the value additions to the Mumbai-Pune Expressway and four-laning of the Mumbai Pune section of NH-4 and expansion and improvement of the Bharuch to Surat section of NH-8.
The Company’s construction business complements its infrastructure development business and involves engineering, procurement and construction work for projects in the roads sector.
IRB Infrastructure Developers has been involved in the construction, operation and maintenance of approximately1,200 km of highways and roads in India as of Aught 31, 2007.
