MoneyWorks4Me

IRB Infrastructure Developers is planning to raise Rs 5,000-6,000 crore through Infrastructure Investment Trusts (InvITs) and is expected to file the draft red herring prospectus (DRHP) within a month. This could be the first fund-raising through an InvIT after it was first proposed in the Union Budget in 2014.

IRB, a Mumbai-based build-operate-transfer (BOT) developer of roads would have to raise the funds within 12 months of the listing and regulatory approvals.

Peers
Company Name CMP
Larsen & Toubro 3819.50
Kalpataru Projects 1390.30
NCC 135.00
Rail Vikas Nigam 197.10
KEC International 397.60
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