IRB Infra plans IPO, files DRHP
IRB infrastructure Developers Ltd says it proposes to enter the capital market with the initial public offer of 5.1 crore equity shares.
By PTI |
NEW DELHI: IRB infrastructure Developers Ltd on Thursday said it proposes to enter the capital market with the initial public offer of 5.1 crore equity shares.
The company has filed an application for Draft Red Herring Prospectus (DRHP) with the SEBI and the IPO would be of Rs 10 each through the 100 per cent book building process.
Deutsche Equities India Private Ltd is the sole global coordinator and book running lead manager for the issue and Kotak Mahindra Capital Company Ltd is the Co-BRLM, the company said.
It has plans to make prepayment and repayment of existing loans of IRB group including its subsidiaries, the company said in a statement.
IRB Infrastructure Developers Ltd is the holding company of the IRB Group and was formed to fund the capital requirement of the IRB Group's initiative in the infrastructure and construction sectors.
The company has filed an application for Draft Red Herring Prospectus (DRHP) with the SEBI and the IPO would be of Rs 10 each through the 100 per cent book building process.
Deutsche Equities India Private Ltd is the sole global coordinator and book running lead manager for the issue and Kotak Mahindra Capital Company Ltd is the Co-BRLM, the company said.
It has plans to make prepayment and repayment of existing loans of IRB group including its subsidiaries, the company said in a statement.
IRB Infrastructure Developers Ltd is the holding company of the IRB Group and was formed to fund the capital requirement of the IRB Group's initiative in the infrastructure and construction sectors.
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