IRB InvIT Fund IPO

Closed

IPO Synopsis

Initial public offer of 449,779,291 units (The Units) representing an undivided bebeficial interest in the IRB InvIT Fund (The Trust) consisting of fresh issue of 421,568,627 unit, at a price of Rs. 102 per unit, aggregating to Rs. 4300.00 crores by the trust (The Fresh Issue) and an offer for sale of 28,210,664 units, aggregating to Rs. 287.75 crores, by IRB Infrastructure Developers Limited (The Sponsor), Modern Road Makers Private Limited, Aryan Toll Road Private Limited, ATR Infrastructure Private Limited and Ideal Road Builders Private Limited (Collectively, The Selling Unitholders) (The Offer for Sale and together with the fresh issue, The Issue). IRB Infrastructure Private Limited (The Investment Manager), in consultation with the Global co-ordinators and book running lead managers (The GCBRLMS) and the book running lead managers (The BRLM), and the trustee, has, pursuant to the retention of oversubscription amounting to 9.70% of the issue size, issued 43,640,709 units, aggregating to Rs. 445.14 crores (The Oversubscription, and together with the issue, the Total Issue) in accordance with The Securities and Exchange Board of India (Infrastructure Investment Trust) regulations, 2014, as amended, together with any guidelines, circulars, clarification and notifications issued thereunder, including SEBI Circular No.CIR/IMD/DF/55/2016 dated may 11, 2016 (InvIT Regulations). The total issue consists of 493,420,000 units at a price of Rs. 102 per unit, aggregating to Rs. 5032.88 crores. The total issue constitutes at least 25% of the total outstanding units on a post-issue basis terms of regulation 14(1A) of the InvIT Regulation. The issue price : Rs. 102 per unit Anchor Investor and Strategic Investor issue price : Rs. 102 per unit.

How to Apply for an IPO?

Login to your 5paisa account and select the issue in the current IPO section
Enter the number of lots and price at which you wish to apply for
Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive a mandate notification to block funds in your UPI app
You will receive a mandate notification to block funds in your UPI app

Frequently Asked Questions

What is an IPO?

An Initial Public Offering OR IPO is the process of issuing stock for sale for the first time by a private corporation to the public. A company can issue its stock for sale for the first time to raise money by issuing either debt or equity. In case, the company chooses the equity route, the first such offering of equity shares to the public via listing of the shares in the stock markets is called an IPO.

What is book building?

This is one of the processes that has to do with the pricing of the IPO. An IPO can be made either through book building method, the fixed price method or a combination of both.

While in book building the price at which securities will be offered/allotted is not known in advance to the investor (investor is aware of an indicative price range only), in the fixed price process price at which the securities are offered/allotted is known in advance to the investor.

Who can invest in IPO?

When it comes to an IPO, there are 4 types of investors who can bid, as per SEBI guidelines. They are –

Qualified institutional investors (QIIs)
Anchor investors
Retail investors and
High net-worth individuals (HNIs)/Non-institutional investors (NII).

What is IPO subscription period?

IPO subscription period is the period of time during which investors can promise to purchase shares of a security to be issued as initial public offering (IPO).

What is the IPO application process?

Check: IPO Application Process

For details about the new IPO application process, click here.

How to apply for IPO on 5paisa?

To apply in an IPO with 5paisa:

Login to the 5paisa website or mobile trading app
Go to the Current IPOs section
Select the IPO you wish to apply for
Enter IPO details like price, quantity (lots) and your UPI ID
Check details and Confirm
Approve the UPI notification received on your phone (in BHIM App or your net banking app)

Where can I find the list of upcoming IPOs?

You can easily find it on 5paisa.com

Check: List of Upcoming IPOs in 2021

What are the important things that should be kept in mind before applying for an IPO?

A Red Herring Prospectus, or offer document, is filed by a company to SEBI. This document is very useful to as it provides detailed information about the company’s business operations, financials, promoters and the company’s objective for raising funds.