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Shares of IRB Infrastructure Developers were trading lower by 2.5% at Rs 229 on the National Stock Exchange (NSE) after the company fixed the discounted floor price at Rs 230.54 for the qualified institutional placement (QIP). The issue opened on March 19, 2015.
“The floor price is Rs 242.67 per equity share for QIP. The company may offer a discount of not more than 5% on the floor price per equity share and discounted floor price after discount of 5% is Rs 230.54,” IRB Infrastructure said in a statement.
The infrastructure and construction company proposed to raise Rs 1,500 crore by issuing shares to the qualified institutional buyers (QIBs).
The stock opened at Rs 235 and hit a low of Rs 226 on the NSE so far. A combined 804,586 shares changed hands on the counter till 1014 hours on the NSE and BSE.
“The floor price is Rs 242.67 per equity share for QIP. The company may offer a discount of not more than 5% on the floor price per equity share and discounted floor price after discount of 5% is Rs 230.54,” IRB Infrastructure said in a statement.
The infrastructure and construction company proposed to raise Rs 1,500 crore by issuing shares to the qualified institutional buyers (QIBs).
The stock opened at Rs 235 and hit a low of Rs 226 on the NSE so far. A combined 804,586 shares changed hands on the counter till 1014 hours on the NSE and BSE.
