IRB InvIT fund launches ₹3,000 crore QIP; sets the indicative price at ₹60 per unit

IRB InvIT Fund on Wednesday (October 8) launched a Qualified Institution Placement (QIP) to raise ₹3,000 crore, with an option to raise a further ₹250 crore.

The QIP also includes an option to increase the size, taking the potential total fundraising to ₹3,250 crore if fully exercised. The indicative offer price has been set at ₹60 per unit, reflecting a discount of 2.8% from the last closing price.

In July this year, IRB InvIT Fund sponsored by IRB Infrastructure Developers Ltd received unitholder approval to acquire 100% equity in three special purpose vehicles (SPVs) operating DBFOT (design, build, finance, operate and toll) road projects.

Also read: IRB Infra MD explains rationale for non-binding offer to IRB InvIT Fund for five toll assets
These assets are currently held by InvIT’s private sponsor, IRB Infrastructure Trust. The deal is based on an enterprise value of ₹8,436 crore as on June 30, 2025. The unitholders also approved the appointment of the sponsor as project manager for operation and maintenance (O&M) of the acquired assets. The resolution was adopted by a majority of 96%.

“We are truly grateful to all unitholders for their great confidence in the growth strategy of the Fund,” said Virendra D Mhaiskar, Chairman and Managing Director of the sponsor. “We remain committed to increasing value for unitholders by continually seeking quality asset additions.”

The proposed acquisitions, subject to regulatory approvals and compliance, are expected to increase the sponsor’s O&M order book by approximately ₹3,100 crore.

Also Read: IRB Infrastructure to transfer road assets of ₹8,450 crore to invIT arm by Q2FY26

Shares of IRB InvIT fund ended at ₹61.64, down ₹0.53, or 0.85 per cent, on the BSE.