IRB Infrastructure Fixes IPO Price Band At Rs. 185 Per Share

Submitted by Gurpreet Kaur on Thu, 02/07/2008 - 11:26

IRB Infrastructure Developers Ltd has fixed the issue price for its IPO at lower end of the price band at Rs 185 a share.

Drawing a good response from even the retail investors, the company's IPO was subscribed over 4.3 times. The qualified institutional buyers' portion was subscribed 6.4 times and high net worth individual portion by 1.6 times.

IRB Infrastructure, with extensive experience in the roads and highways sector and currently involved in 12 BOT projects in this sector, has entered the capital markets on 31st January 2008 with a public issue of 5.1 crore equity shares of Rs 10 each. The company fixed the price band for the issue at Rs 185 to Rs 220.

The offer constituted 15.36 per cent of the fully diluted post issue paid-up capital of the company.

Deutsche Equities India Private Ltd is the Sole Global Coordinator and BRLM for the Issue and Kotak Mahindra Capital Co. Ltd is the Co-BRLM for the Issue.


Tagged with

Miscellaneous

BMW introduces 3-Series Touring

BMW introduces 3-Series Touring

Germany-based luxury car maker BMW recently took wraps off its fifth-generation 3 Series Touring, which is more spacious inside than ever before.

The all-new 2013 3 Series Touring sedan is longer than the predecessor by 97mm, and its height is 11mm more at 1429mm.

Its 50mm longer wheelbase than the previous Touring allows it to provide an extra 35 litres of storage with the rear seats up. With the seats folded down, the new vehicle promises 1500 litres of space in total.

The 2013 3 Series Touring will be available in a choice of three advanced, powerful, yet economic engines.

Microsoft Bing goes social in search war with Google

Microsoft Bing goes social in search war with Google

With Microsoft having recently made a Bing-related announcement, which underscored the company's plans to roll out an updated edition of its three-year-old Bing search engine, analysts are of the opinion that the planned boost to Bing's social networking features will apparently give a more competitive edge to Microsoft's search war with Internet search giant Google.

© Copyright 2012