IPO of IRB Infra gets SEBI's go ahead

Mumbai, Jan 1: The Initial Public Offering (IPO) of Mumbai-based IRB Infrastructure Developers, an infrastructure development company, has received SEBI observations for its public issue of 5,10,57,666 equity shares of Rs 10 each through 100 per cent book building process.

Deutsche Equities India Private is the sole global coordinator and BRLM for the issue, and Kotak Mahindra Capital Company is the Co-BRLM for it, a release stated.

IRB Infrastructure Developers is the holding company of the IRB Group. Its infrastructure development portfolio consists of 12 BOT projects in the roads sector, including the value additions to the Mumbai-Pune Express way and four-laning of the Mumbai-Pune section of NH-4 along with expansion and improvement of the Bharuch to Surat section of NH-8.

UNI