IRB InvIT fund raises ₹3,248.43 cr in institutional placement

IRB InvIT Fund, sponsored by IRB Infrastructure Developers Limited, announced on October 15, 2025, the successful completion of an institutional placement of units, raising ₹3,248.43 crore. This fund-raise, upsized from an initial target of ₹3,000 crore, marks the first such activity for the IRB InvIT Fund since its listing in 2017. The placement saw strong participation from global and domestic institutional investors, as well as family offices.

The proceeds from this placement will partly fund the acquisition of three BOT highway assets from IRB Infrastructure Trust: Hapur-Moradabad, Kaithal–Rajasthan Border, and Kishangarh–Gulabpura. Post-acquisition, the InvIT's portfolio will expand to nine operational highway assets (8 BOT + 1 HAM), with an enterprise value exceeding ₹16,000 crore and 4,225 operational lane kilometres.

The issue allotted 54,14,05,000 units at an issue price of ₹60 per unit, aggregating to 32,484.30 million. Major allottees include Anahera Investment Pte. Ltd. (38.48% of issue size), Kotak Mahindra Bank Limited (14.62%), and CIM Investment Fund ICAV (6.82%). The completion of the IP is contingent upon listing and trading approval from the exchanges.