IRB Infra IPO Details

IRB Infra IPO will open for subscription from 31st January 2008 with a public issue of over 5 crore equity shares at a price band of Rs 185 at the lower end to Rs 220 at the higher end. IRB is involved in infrastructure development and constructions in India. IRB is currently working on 12 BOT projects in road and highway sector. IRB Infra IPO proceeds will  be uses for investment in subsidiary IDAA and for repayments of the existing loan. IRB Infra IPO is rated as 4 out of 5 by Fitch Ratings India Private Limited which shows that the fundamentals of the issue are above average. Deutsche Equities India Private Ltd is the BRLM and global co-ordinator for this issue and Kotak Mahindra Capital Co. Ltd is the Co- BRLM.The IRB Infra IPO Subscription closes on 5th February, 2008. IRB Infra IPO equity shares are proposed to be listed on the BSE and the NSE. More information and updates regarding the IRB Infra IPO Subscription and IRB Infra IPO Allotment will be posted here.

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