The IRB Infra IPO is a book-built offering for Rs 944.57 crore. Bidding for the IRB Infra IPO began on January 31, 2008 and finished on February 5, 2008. On February 25, 2008, the shares were listed on the BSE and NSE. The pricing range for the IRB Infra IPO is set at 185 to 220 per share. An application requires a minimum lot size of 30 shares. Retail investors must make a minimum investment of $6,600.
IRB Infrastructure Developers Limited, founded in 1998, is in the infrastructure development business, which includes the building, development, and operation of infrastructure development projects. IRB Infrastructure Developer is a well-established infrastructure company in India’s road infrastructure sector, with a vast portfolio of finished and functioning BOT projects. IRB’s construction business supports its infrastructure development business by providing engineering, procurement, and construction services for contractual construction projects,
notably those in the road sector. IRB is one of the largest private developers in Western India, with a considerable number of toll road projects in operation. IRB has completed road construction projects of around 1200 km in length for clients such as MORST&H, NHAI, MSRDC, PWD, the World Bank, and the Asian Development Bank. IRB completed an early BOT project, the Thane Bhiwandi By-Pass Road, as well as the famed ‘Mumbai – Pune Motorway & NH 4 BOT Project’.
IRB Infra IPO Details
| IPO Date | January 31, 2008 to February 5, 2008 |
| Listing Date | February 25, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹185 to ₹220 per share |
| Lot Size | 30 Shares |
| Total Issue Size | 51,057,666 shares (aggregating up to ₹944.57 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
IRB Infra IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹6,600 |
| Retail (Max) | 30 | 900 | ₹198,000 |
Objects of the Issue (IRB Infra IPO Objectives)
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
- Investment in a Subsidiary;
- Prepayment and repayment of existing loans of the Company and the Subsidiaries;
- To meet the expenses of the Issue;
- For General Corporate Purpose;
- To meet the long term working capital requirements of the Company.
IRB Infra IPO Listing Details
| Listing Date | February 25, 2008 |
| BSE Script Code | 532947 |
| NSE Symbol | IRB |
| ISIN | INE821I01014 |
| Final Issue Price | ₹185 per share |
IRB Infra Listing Day Trading Information
| 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 |
IRB Infrastructure Developers Ltd Contact Details
IRB Infrastructure Developers Ltd
3rd Floor, IRB Complex,
Chandivli Farm,
Andheri (East), Mumbai 400072, India
Phone: +91-22 6640 4220
Email: [email protected]
Website: http://www.irb.co.in
IRB Infra IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com
IRB Infra IPO FAQs:
Q1. What is IRB Infra IPO?
Ans. 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 January 31, 2008, and closes on February 5, 2008. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Q2. When IRB Infra IPO will open?
Ans. The IRB Infra IPO opens on January 31, 2008 and closes on February 5, 2008.
Q3. What is the lot size of IRB Infra IPO?
Ans. IRB Infra IPO lot size is 30 Shares, and the minimum amount required is ₹6,600.
Q4. When is IRB Infra IPO listing date?
Ans. The IRB Infra IPO listing date is on February 25, 2008.
