The offer price range is set between ₹63.0 and ₹72.7 per equity share, reflecting a potential discount of up to 13.3% from the upper price band of ₹72.7 per share. The total offer size represents up to 4% of the company’s equity, with a maximum value of ₹1,512 crore at the lower end of the price band.
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The transaction is being managed by Jefferies India Private Ltd and CLSA India Private Ltd. Additionally, the sellers are subject to a 180-day lock-up period on further share sales.
IRB Infrastructure Developers reported a 45.1% year-on-year (YoY) jump in net profit at ₹188.9 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, IRB Infrastructure Developers posted a net profit of ₹130.2 crore, the company said in a regulatory filing.
The company’s revenue from operations increased 27.2% to ₹2,061.2 crore against ₹1,620 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA increased 17.3% to ₹889.9 crore in the fourth quarter of this fiscal over ₹758.7 crore in the corresponding period in the previous fiscal.
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Shares of IRB Infrastructure Developers Ltd ended at ₹72.74, up by ₹1.22, or 1.71% on the BSE.