IRB Infrastructure Developers Limited IPO

IRB Infrastructure Developers Limited IPO
Period	31-Jan to 05-Feb 2008
Size (Equity Shares)	51,057,666
Type	100% Book Building
Face Value	Rs. 10-
Price Range	Rs 185 to Rs 220
Market Lot	Shares
Max shares Retails investor can apply at cut off	shares (Rs.)
Registrar	Karvy Computershare Private Limited
Registrar's email	irbipo@karvy.com
Lead Manager	Deutsche Equities India Private Ltd and Kotak Mahindra Capital Company Limited.
Listing	BSE, NSE
Grading
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.