IRB Infrastructure Developers Limited

Hi All,

Please give your view on IRB Infrastructure Developers Limited IPO. What is the bid lot for this & should we apply it or not.

Thanks in advance

IRB Infra IPO will open for subscription from 31st January 2008 with a public issue of over 5 crorIRB Infra IPO will open for subscription from 31st January 2008 with a public issue of over 5 crore equity shares at a price band of Rs 185 at the lower end to Rs 220 at the higher end. IRB is involved in infrastructure development and constructions in India. IRB is currently working on 12 BOT projects in road and highway sector. IRB Infra IPO proceeds will be uses for investment in subsidiary IDAA and for repayments of the existing loan. IRB Infra IPO is rated as 4 out of 5 by Fitch Ratings India Private Limited which shows that the fundamentals of the issue are above average. Deutsche Equities India Private Ltd is the BRLM and global co-ordinator for this issue and Kotak Mahindra Capital Co. Ltd is the Co- BRLM.The IRB Infra IPO Subscription closes on 5th February, 2008. IRB Infra IPO equity shares are proposed to be listed on the BSE and the NSE.

I dont think we should apply for this, instead one can apply for Emaar

IRB infra - Road wale ... mumbai and gujarat
Guru,
These guys control all major road leading to mumbai, pune and Gujarat. So u hv to pay toll to them when you come to mumbai or gujarat, guru. So 1 yr. down the line, Company will make money guru. Cashflow wl be +ve if they do not deploy this on other project, but unlikely b'cz of growth guru.

But don't understand, why they hv alloted shares at 1/3rd price to those same investment bankers. They are justifying high price saying they hv done DCF modeling. Guru to jab investment banker ne share liya tha to DCF model kyo nahi kiya tha. Guru bana rahe ho !

Ab agar Rs. 220 se share - 15-30% tutta he to bhi investment banker to - 2X me raheta he. Promoter ko bolega Dekho guru, mujhe saste me diya to maine tumko bahut achha price dilvaya mkt. sey.
Grey wale to bol rahe hey +30%. Sayad nikal pade.
Guru but 1/2 year me me stock overweight to jaroor hoga. Take u'r pick.