Description

IRB InvIT Fund lists 159,695,000 new units at Rs. 62.95 per unit issued on preferential basis to sponsor and non-sponsor, effective November 7, 2025.

Summary

BSE has approved the listing of 15,96,95,000 (159.695 million) new units of IRB InvIT Fund (Scrip Code: 540526) issued on a preferential basis to sponsor and non-sponsor at Rs. 62.95 per unit for cash consideration. The new units will commence trading on November 7, 2025, and rank pari-passu with existing units. The allotment was completed on November 3, 2025.

Key Points

  • Total new units listed: 15,96,95,000 units
  • Issue price: Rs. 62.95 per unit
  • Allotment date: November 3, 2025
  • Trading commencement: November 7, 2025
  • Scrip Code: 540526
  • ISIN: INE183W23014
  • Distribution Numbers: 1121905001 to 1281600000
  • Units rank pari-passu with existing units
  • Issued to sponsor and non-sponsor on preferential basis for cash consideration

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification following preferential allotment procedures.

Compliance Requirements

  • Trading members are informed of the new securities listing
  • Lock-in restrictions apply to the allotted units as specified
  • Units must be traded in accordance with BSE regulations and the specified lock-in periods

Important Dates

  • Allotment Date: November 3, 2025
  • Trading Commencement: November 7, 2025
  • Lock-in Period 1: 1,79,54,250 units (Dist. Nos. 1121905001 to 1139859250) locked until November 6, 2028
  • Lock-in Period 2: 14,17,40,750 units (Dist. Nos. 1139859251 to 1281600000) locked until November 5, 2026

Impact Assessment

Market Impact: The preferential issue represents a significant increase in IRB InvIT Fund’s unit capital. With approximately 11.2% of units locked until November 2028 and 88.8% locked until November 2026, immediate market liquidity impact will be limited. The units trading from November 7, 2025, will expand the tradeable float after lock-in periods expire.

Investor Impact: Existing unitholders should note the dilution from the preferential issue. The Rs. 62.95 issue price will serve as a reference point for valuation. The staggered lock-in periods suggest different investor categories with varying commitment levels.

Operational Impact: The listing expands IRB InvIT Fund’s capital base, potentially providing additional resources for infrastructure investments or debt servicing. The preferential route suggests strategic capital raising from identified sponsors and investors.

Impact Justification

Significant preferential issuance of ~16 crore units with lock-in periods affects IRB InvIT Fund's unit capital structure and liquidity