The IRB InvIT Fund IPO date started on May 3, 2017 and ended on May 5, 2017. Read the post to learn about IRB InvIT Fund IPO GMP.
The IRB InvIT Fund is utilizing an Initial Public Offering (IPO) on the BSE SME platform to gain Rs 5,921.10 crore. IRB InvIT Fund IPO is a fresh issuance amounting to Rs 4,300.00 crore, accompanied by an offer to sell 3.48 crore shares.
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Bidding Dates
May 3-5
Price Range
₹100 to ₹102 per share
Face Value
₹102 per share
GMP
₹69.48
IRB InvIT Fund IPO GMP
The IRB InvIT Fund Limited IPO GMP Today is ₹69.48.
IPO Overview
The IRB InvIT Fund’s IPO, totaling Rs 5,921.10 crore, is conducted through a book-building mechanism. It involves a fresh issue amounting to Rs 4,300.00 crore along with an offer to sell 3.48 crore shares. The IRB InvIT Fund IPO began its bidding period on May 3, 2017, coming to a close on May 5, 2017. Listed on May 18, 2017, the shares of IRB InvIT Fund made their debut on the BSE and NSE post its IPO. Investors can expect the IRB InvIT Fund IPO to be priced between ₹100 to ₹102 per share. IRB InvIT Fund Limited IPO GMP Today is ₹69.48. Investors looking to participate in the IRB InvIT Fund IPO must apply for a minimum lot size of 10,000 shares. For retail investors, the entry threshold for the IRB InvIT Fund IPO stands at ₹1,020,000.
IRB InvIT Fund offers a wide selection of goods at various pricing points and serves a diverse customer base, including students, professionals, and businesses. They manufacture and sell writing devices such as pens, stationery, and calculators. FLAIR, HAUSER, PIERRE CARDIN, FLAIR CREATIVE, FLAIR HOUSEWARE, and ZOOX are among their brands.
The trust will have key investment conditions as follows:
- Invest at least 80% of the value of the assets in completed and revenue-generating infrastructure assets
- Balance 20% can be invested in under-construction infrastructure projects and securities of infrastructure companies in India (cannot invest in units of other InvITs)
- InvIT should hold (directly or through SPVs) the infrastructure assets for at least 3 years from the date of purchase of the asset by the InvIT (except investment in securities of infrastructure companies)
- Investment into SPVs is subject to the InvIT holding a controlling interest (at least 51% of equity share capital) in the SPVs
On dividend policy, investors are likely to get rewards based on
- At least 90% of distributable cash flow of the SPV shall be distributed to the InvIT in proportion to its holding in the SPV
- At least 90% of distributable cash flow of the InvIT shall be distributed to the unit holders
- Dividends declared to be paid within 15 days; distributions to the unit holders to be made on a half-yearly basis; however, management has the intention to distribute dividends on a quarterly basis as informed during the road show. Such dividends will be totally tax-free in the hands of the Unit holders.)
IRB InvIT Fund IPO Details
| IPO Date | May 3, 2017 to May 5, 2017 |
| Listing Date | May 18, 2017 |
| Face Value | ₹102 per share |
| Price Band | ₹100 to ₹102 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 580,500,000 shares (aggregating up to ₹5,921.10 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹4,300.00 Cr) |
| Offer for Sale | 34,761,770 shares of ₹102 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
IRB InvIT Fund Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹102.00 | ₹102.00 |
| Open | ₹103.25 | ₹102.00 |
| Low | ₹99.65 | ₹99.75 |
| High | ₹105.00 | ₹105.00 |
| Last Trade | ₹101.79 | ₹101.80 |
IRB InvIT Fund IPO Listing Details
| Listing Date | May 18, 2017 |
| BSE Script Code | 540526 |
| NSE Symbol | IRBINVIT |
| ISIN | INE183W23014 |
| Final Issue Price | ₹102 per share |
Company Profile
The IRB InvIT Fund holds registration as an infrastructure investment trust under the InvIT Regulations. The focus is primarily on owning, operating, and managing a group of six toll-road assets spread across Maharashtra, Gujarat, Rajasthan, Karnataka, and Tamil Nadu in India. NHAI concessions oversee the operation and upkeep of these toll roads. According to the NHAI’s annual prequalification for public-private partnerships in national highway projects report for 2015, IRB InvIT Fund is sponsored by road developer IRB Infrastructure Developers
Limited, one of the largest infrastructure development and construction companies in India in terms of net worth in the roads and highways sector.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | IRB InvIT Fund |
| Phone number | 022 6640 4299 |
| Email ID | [email protected] |
| Website | www.irbinvit.co.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
IRB InvIT Fund IPO FAQs
When IRB InvIT Fund IPO will open?
The IRB InvIT Fund IPO opens on May 3, 2017 and closes on May 5, 2017.
What is the lot size of IRB InvIT Fund IPO?
IRB InvIT Fund IPO lot size is 10000 Shares, and the minimum amount required is ₹1,020,000.
When is IRB InvIT Fund IPO listing date?
The IRB InvIT Fund IPO listing date is on May 18, 2017.
