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Mumbai, Oct. 4 IRB Infrastructure Developers Ltd, an integrated infrastructure development and construction company, on Thursday filed its Red Herring Prospectus with the SEBI for an Initial Public Offer of 5,10,57,666 equity shares of Rs 10 per share through a 100 per cent book-building process.

IRB Infrastructure Developers Ltd is the holding company of the IRB Group.

It was formed to fund the capital requirements of the IRB Group’s initiatives in the infrastructure and construction sectors. Deutshe Bank, Hong Kong branch; Jade Dragon (Mauritius) Ltd, a subsidiary of Goldman and Sachs; and CPI Ballpark Investments, a subsidiary of Merrill Lynch, each hold 3.85 per cent stake in the company.

The company will invest the proceeds of the issue in its subsidiary IDAA and to re-pay its existing loans.

Deutshe Equities India is the book running lead manager and Kotak Mahindra Capital is the co-booking lead manager of the issue.

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