Monday, May 01, 2017

IRB InvIT Fund IPO Dates, Price Band, Market Lot Details

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IRB InvIT Fund is coming up with Initial Public Offer in May 2017. IRB InvIT Fund is a bigger name and the trust is managed by IRB Infrastructure Developers (sponsors).  The 4300 crore IPO with minimum lot size is Rs.10 Lakh. So the subscription might come at lower band but still the amount is very high so investors will surely keen to see how much gain they can make on listing.

As the company said in Media Release, "The issue comprised of a fresh issue aggregating up to Rs 4,300 crore by the Trust and an offer for sale of up to 3,47,61,770 units by IRB Infrastructure Developers, Modern Road Makers Private Limited, Aryan Toll Road Private Limited, ATR Infrastructure Private Limited and Ideal Road Builders Private Limited,"
IRB InvIT Fund IPO Review:
As per the minimum lot its around Rs.10 Lakh. The risky investors can take a call and it might give 10% return on the listing day.

IRB InvIT Fund IPO Rating:
CARE given CARE AAA(Is) stable rating to IRB InvIT Fund.

IRB InvIT Fund IPO Dates & Price Band:
  • IPO Open: 03 May 2017
  • IPO Close: 05 May 2017
  • IPO Size: Approx Rs. 4500-4600 Crores
  • Face Value: Rs. 10 Per Equity Share
  • Price Band: Rs. 100 to 102 Per Share
  • Listing on: BSE & NSE
IRB InvIT Fund IPO Market Lot:
  • Shares: Apply for 10,000 Shares (Minimum Lot Size) (Then 5000 onwards)
  • Amount: Rs.10,20,000
IRB InvIT Fund IPO Allotment & Listing: (Expected Not Confirmed)
  • Basis of Allotment: May 12 to 14
  • Refunds: May 15 to 17
  • Credit to demat accounts: May 15 to 17
  • Listing: May 18 or 19
Company Promoters:
  • N/A
Quick Links:
DRHP Draft Prospectus

IRB InvIT Fund IPO Registrar:
Karvy Computershare Private Limited
Phone: +91-40-23312454
Fax: +91-40-23311968
Email: support@karvy.com
Website: http://karisma.karvy.com

IRB InvIT Fund IPO Lead Managers:

    • Credit Suisse Securities (India) Private Limited
    • ICICI Securities Limited
    • IDFC Bank Limited
    • IIFL Holdings Limited
    Company Address:
    IRB InvIT Fund
    IRB Complex, Chandivali Farm,
    Chandivali Village,
    Andheri (E), Mumbai – 400 072
    Phone: 022 6640 4299
    Fax: 022 6640 4274
    Email: info@irbinvit.co.in
    Website: http://www.irbinvit.co.in

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