desidata
24-02-2008, 02:40 PM
IRB Infrastructure Developers Ltd, which raised about Rs 944 crore through its IPO last month, will list on the bourses on Monday.
The company has fixed the issue price at the lower end of price band of Rs 185-220. IRB Infrastructure offered 5.1 crore equity shares through the IPO, constituting 15.36 per cent of its fully diluted post issue paid-up capital. The issue got subscribed by over four times.
The company has received an order from the National Highway Development Project (NHDP) for developing the 239 km Surat-Dahisar section of NHDP-Phase V.
The project would involve a capex of over Rs 2,600 crore and operation and management cost of around Rs 1,200 crore.
The order book position of IRB Infrastructure has doubled to over Rs 5,000 crore with the contract. As of June 30, 2007, the company had an order book position of Rs 2,386 crore.
The company is already implementing projects totalling 414 km as it has bagged concessions for Mumbai-Pune Expressway (110 km) and Surat- Bharuch section (65 km).
The company has fixed the issue price at the lower end of price band of Rs 185-220. IRB Infrastructure offered 5.1 crore equity shares through the IPO, constituting 15.36 per cent of its fully diluted post issue paid-up capital. The issue got subscribed by over four times.
The company has received an order from the National Highway Development Project (NHDP) for developing the 239 km Surat-Dahisar section of NHDP-Phase V.
The project would involve a capex of over Rs 2,600 crore and operation and management cost of around Rs 1,200 crore.
The order book position of IRB Infrastructure has doubled to over Rs 5,000 crore with the contract. As of June 30, 2007, the company had an order book position of Rs 2,386 crore.
The company is already implementing projects totalling 414 km as it has bagged concessions for Mumbai-Pune Expressway (110 km) and Surat- Bharuch section (65 km).