IRB Infrastructure Developers IPO
IRB Infrastructure Developers IPO — date, price band, lot size & details 2008
IRB Infrastructure Developers listed on 25 Feb 2008 at ₹194.9, 5.4% above the ₹185 issue price.
IRB Infrastructure Developers is a Mumbai based road developer and builder, involved in 12 BOT road and highway projects at the time of its IPO. Its consolidated total income was Rs 325.08 crore in FY2007.
Stock price
IRB Infrastructure Developers is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 31 Jan 2008
- Close 05 Feb 2008
- Allotment TBA
- Refund/credit TBA
- Listing 25 Feb 2008
Issue summary
The terms of the offer, as filed.
| IPO Dates | 31 Jan to 5 Feb, 2008 |
|---|---|
| Price Band | ₹185 – ₹220 |
| Face Value | ₹10 |
| Lot Size | 30 Shares |
| Issue Size | ₹944.57 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 5,550 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 30 shares at the ₹185 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 30 | ₹5,550 |
| Retail (max) | 36 | 1,080 | ₹1,99,800 |
| S-HNI (min) | 37 | 1,110 | ₹2,05,350 |
| S-HNI (max) | 180 | 5,400 | ₹9,99,000 |
| B-HNI (min) | 181 | 5,430 | ₹10,04,550 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It was involved in 12 BOT road projects.
- 02Income from BOT projects was Rs 177.87 crore in FY2007.
- 03Consolidated profit after minority interest was Rs 22.73 crore in FY2007 and Rs 23.97 crore in five months to August 2007.
- 04Consolidated net worth was Rs 381.70 crore in August 2007.
Risks · 5
- 01Finance costs were Rs 87.67 crore in FY2007, as BOT roads are funded with heavy debt.
- 02Most of the Rs 944.57 crore issue went to repay loans rather than build new roads.
- 03Toll income depends on traffic and on toll rates set in concession agreements for its 12 BOT projects.
- 04Return on net worth was only 2.76%, and the issue was priced at the bottom of its band.
- 05Promoter holding fell from 87.9% before the issue to 74.40% after it.
The numbers
All figures in ₹ crore, as reported in the IRB Infrastructure Developers offer document.
| Metric | 31 Aug 2007 | 31 Mar 2007 |
|---|---|---|
| Total Income | 285.26 | 325.08 |
| Profit After Tax | 23.97 | 22.73 |
| NET Worth | 381.70 | 358.52 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the IRB Infrastructure Developers RHP.
Where the money goes
₹944.57 Cr of the issue is earmarked to named objects.
About the company
It is an infrastructure development and construction company with long experience in roads and highways.
At the time of its IPO it was involved in 12 BOT projects in the roads and highways sector, earning toll income, and also did construction contracts.
The IPO was Rs 944.57 crore and was entirely a fresh issue at Rs 185, the bottom of the Rs 185 to Rs 220 band. Most of the money was to repay loans of the company and its subsidiaries.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
IRB Infrastructure Developers IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Deutsche Equities India Pvt. Ltd
14 issues handledBest listing: Reliance Petroleum (+66.6%). Weakest: Adlabs Entertainment (-9.9%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of IRB Infrastructure Developers?
The current Grey Market Premium is ₹0.
What is the IRB Infrastructure Developers IPO price band?
₹185 to ₹220, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 25 February 2008.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
