IRB InvIT Fund raises Rs 2,351 Cr via institutional placement and preferential allotment

Qip At DiscountMarquee Qip InvestorFund Raising View source PDF Explain this filing

IRB · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.2%Reaction day

₹17.15

prior close

₹17.12

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.6%-0.5% vs market

Civil Construction peers, median of 101sector-0.3%-0.9% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Smallcap 250 and 0.9 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.9

10m

-1.4

15m

-1.7

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2-0.6-0.5-0.3-0.9

Next day

+1.3-0.4+1.6-0.5+1.8

-1.0-1.5+0.5-1.5+0.5

-1.4-1.2-0.2-2.1+0.7

+4.0+0.2+3.7-1.0+5.0

+1.7+0.3+1.4-1.3+3.1

+1.5-1.6+3.1-2.6+4.1

15d

-2.0-5.6+3.6-7.7+5.6

-5.2-4.3-1.0-6.2+1.0

—————

UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 101Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

IRB-sponsored IRB InvIT Fund raised Rs 2,351 Cr via institutional placement (Rs 2,000 Cr QIP) and preferential allotment (Rs 351 Cr to sponsor at 1.96% discount to floor price). Proceeds to fund acquisition of two BOT highway assets from IRB Infrastructure Trust. Marquee investors include Anahera, NPS Pension Fund, HSBC MF.

Likely market impact

Positive: strong demand for InvIT units, proceeds to boost portfolio and future InvIT distributions.