Company Name : IRB INFRASTRUCTURE DEVELOPERS LTD

Issue Opens : 31 January, 2008
Issue Closes : 05 February, 2008
Expected Refund Date : 22 February, 2008

Issue Size : 51,057,666 Shares

Price Bands
Lower Price Band (Rs) : 185
Upper Price Band (Rs) : 220
Total Size (Rs) : Rs. 1,123 Crores

Issue Allocation
Institutional: 30,559,600
HNI : 5,093,266
Retail : 15,279,800
Application Multiple : 30 and in multiples there off starting with atleast 30 shares
Maximum Shares : 450 (for Retail)

Cheque Drawn In Favour Of : "Escrow Account - IRBIDL - Public Issue - R" For Retail Bidders

Registrar to the Issue : Karvy Computershare Pvt Ltd

Managers to the Issue : Deutsche Equities India Pvt Ltd

Information URL : IRB INFRASTRUCTURE DEVELOPERS LTD http://www.irb.co.in

Company Details
Address : 3rd Floor, IRB Complex, Chandivali Village, Andheri (East), Mumbai - 400 072.
Email : ipo@irb.co.in
Contact Details : 912266404220/ 912266751024 (fax)

Company Background
IRBL is an infrastructure development and construction company in India with extensive experience in the roads and highways sector and are currently involved in 12 BOT projects in the roads and highways sector. 

The company is primarily a holding company and the assets of the IRB group are held by, and our business operations are conducted through, the various Subsidiaries of the company. IRB’s construction business complements its infrastructure development business and involves engineering, procurement and construction work for construction projects on a contractual basis, including the roads sector. 

IRB has diversified its business into the real estate development sector. The company is in the process of acquiring land in the Pune district in the state of Maharashtra on which they propose to develop an integrated township. The company intends to develop residential and commercial projects within the proposed township project. Currently, their land reserves consist of approximately 925 acres of land in the Mauje Taje and Mauje Pimploli Taluka in Pune district, IRB intends to acquire an additional approximately 475 acres of land for their proposed township project.
As of October 31, 2007, IRB’s work force consisted of 2052 permanent employees. In addition, the company engages sub-constractors.

Object of the Issue
a) Investment in a subsidiary b) Debt Prepayment.

Key Financials for the year ended March 31, 2007
Revenue Rs.114.05Mln, PAT Rs.67.43Mln, EPS Rs.0.34, RoNW 2.76%

Recommendation for irb infrastructure developers ltd IPO:
Due to the deep correction in the secondary market, the valuations of the current IPOs has lost sync with its listed peers, hence investment is avoidable.

Tags: irb infrastructure developers ltd ipo, ipo, ipo irb infrastructure developers, irb infrastructure ipo, irb infrastructure developers, irbidl ipo, sensex, bse sensex