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January 26, 2008

IRB Infrastructure Developers Limited IPO

IRB Infrastructure Developers Limited IPO


31-Jan to 05-Feb 2008

Size (Equity Shares)



100% Book Building

Face Value 

Rs. 10- 

Price Range 

Rs 185 to Rs 220

Market Lot 


Max shares Retails investor can apply at cut off

shares (Rs.)


Karvy Computershare Private Limited

Registrar's email

Lead Manager 

Deutsche Equities India Private Ltd and Kotak Mahindra Capital Company Limited.






About the company 

Established: 1998; Business: Infrastructure development business which involves construction, development and operation of infrastructure development projects.

IRB Infrastructure Developer is an established infrastructure company in the roads sector in India and have a large portfolio of completed and operational BOT projects in the Indian road infrastructure sector. IRB's construction business complements infrastructure development business and involves engineering, procurement and construction work for construction projects on a contractual basis, including in the roads sector.

IRB is one of the leading Private Developers in the Western India & having large number of operating toll road projects. IRB has executed Road Construction works on BOT and funded basis for the Clients like MORST&H, NHAI, MSRDC, PWD, World Bank, Asian Development Bank, of around 1200 kms length, so far. IRB executed one of the early BOT Project viz. 'Thane Bhiwandi By-Pass Road' & the prestigious 'Mumbai - Pune Expressway & NH 4 BOT Project'.

Objects of the Issue

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.

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