IRB InvIT Fund files DRHP for IPO, to raise up to Rs 4300 cr

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26 Aug, 2025 12:21

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Moneycontrol BureauIRB Infrastructure Developers on Thursday said IRB InvIT Fund, an infrastructure investment trust, has filed draft red herring prospectus with SEBI for Rs 4,300 crore initial public offering. "Investment manager IRB Infrastructure Private Limited has filed a draft offer document dated September 7, in relation to an initial public offer of units representing an undivided beneficial interest in the Trust, with the SEBI, the BSE and the NSE, in accordance with the InvIT Regulations," the Mumbai-based road developer said in its filing.IRB Infrastructure Private Limited is a wholly-owned subsidiary of the company and investment manager to the Trust.Also read - Sebi likely to ease out regulations for REITs and InvITsThe initial public offer consists of a fresh issue by the Trust, and an offer for sale by the company & its subsidiaries - Modern Road Makers, Aryan Toll Road, ATR Infrastructure and Ideal Road Builders.IRB InvIT Fund, which is registered with the Securities and Exchange Board of India under Infrastructure Investment Trusts (InvIT) Regulations, 2014, is the first infrastructure investment trust to file for IPO.IRB said the investment manager, in consultation with the global co-ordinators and book running lead managers to the issue, reserves the option to retain oversubscription of up to 25 percent of the issue size in accordance with the InvIT Regulations.At 12:05 hours IST, the scrip of IRB Infrastructure Developers was quoting at Rs 244.45, up Rs 13.45, or 5.82 percent on the BSE.Posted by Sunil Shankar Matkar