IRB Infra raises Rs 2,095 crore from anchor investors before InvIT IPO

MUMBAI: IRB Infrastructure has raised Rs 2,095 crore by allotting units to 28 anchor investors before the initial public offer ( IPO) of its infrastructure investment trust.

The investors include Government of Singapore, Plati num International Fund, Birla Sun Life Mutual Fund, Schroder Asian Asset Income Fund and Deutsche Global Infrastructure Fund among others. IRB InvIT Fund has allotted 20.53 crore units at Rs 102 per unit to the investors.

The company will raise Rs 5,033 crore from the IPO, which opens on Wednesday. The price band of the IPO is Rs 100-102 per unit. Investors need to bid for minimum 10,000 units and multiples of 5,000 units thereafter.