Equity shares of IRB Infrastructure Developers will be listed for trading at the bourses today (Feb. 25, 2008).
The company received moderate response to its public issue, which was subscribed 4.30 times. It fixed issue price at the floor price of Rs 185 a share, compared with price band of Rs 185 to Rs 220 a share.
The equity shares of the company, offered through this IPO, will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Deutsche Equities India and Kotak Mahindra Capital helped the company to raise funds via this public issue.
IRB Infrastructure Developers was incorporated to fund the capital requirements of the IRB Group initiatives in the infrastructure sector. The company undertakes development of various infrastructure projects in the road sector through several special purpose vehicles. The company, along with its subsidiaries has constructed or operated and maintained around 1,200 km of road length.
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