Date: September 29, 2026

Board Meeting Outcomes

IRB InvIT Fund successfully completed a fund raise of ₹2,351 crore through:

  • Qualified Institutional Placement (QIP) of ₹2,000 crore
  • Preferential Allotment of ₹351 crore

The Committee of Directors of IRB Infrastructure Private Limited (Investment Manager) approved allotment of 317,460,316 Units at an Issue Price of ₹63 per Unit (including a discount of ₹1.26 per Unit) aggregating to ₹20,000 million.

Fundraising Details

Institutional Placement Breakdown:

  • Total Units allotted: 317,460,316
  • Issue Price: ₹63 per Unit
  • Total amount raised: ₹20,000 million (₹2,000 crore)
  • Floor Price discount: 1.96%

Major Allottees (over 5% of issue size):

  • Anahera Investment PTE LTD (FPI): 55,555,555 Units (17.50%)
  • Arvesta Financial Services Private Limited (NBFC): 39,682,540 Units (12.50%)
  • Prazim Trading And Investment Company Private Limited (DII): 39,682,539 Units (12.50%)
  • NPS TR A/C ICICI Pension Fund: 19,841,269 Units (6.25%)
  • NEO Alternatives Investment Trust: 19,047,619 Units (6.00%)
  • HSBC Mutual Fund: 17,380,952 Units (5.47%)

Preferential Allotment:

  • Amount: ₹351 crore
  • Allottee: IRB Infrastructure Developers Limited
  • Purpose: To maintain approximately 16% stake in IRB InvIT Fund

Use of Proceeds

The funds raised will be used to partly fund the acquisition of two BOT highway assets:

1. Solapur Yedeshi NH211 in Maharashtra

2. Chittorgarh Gulabpura NH79 in Rajasthan

These assets are being acquired from IRB Infrastructure Trust (Private InvIT).

Strategic Impact

Post-acquisition, IRB InvIT Fund's portfolio will comprise:

  • 11 operational highway assets (9 BOT + 2 HAM)
  • 5,314 Lane Kms
  • Enterprise Value of over ₹20,000 crore
  • Weighted Average Concession Life of approximately 17 years

IRB Infrastructure Trust is expected to receive approximately ₹2,744 crore as equity consideration as the seller of the highway assets.

Corporate Structure

  • IRB Infrastructure Developers Limited is the Sponsor and Project Manager of IRB InvIT Fund
  • IRB Infrastructure Private Limited is the Investment Manager to IRB InvIT Fund
  • This is the second fund-raise activity by IRB InvIT Fund since its launch in 2017

Investor Participation

The fund raise witnessed participation from diverse institutional investors including pension funds, insurance companies, mutual funds, and family offices from both domestic and international markets.