IRB InvIT Fund IPO

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.