IRB Infra share split record date fixed - check ratio and price target
Business | February 20, 2023 12:18 ISTThe company has fixed the record date for determining the eligibility of shareholders for the split. The record date is February 22.
The company has fixed the record date for determining the eligibility of shareholders for the split. The record date is February 22.
The price range for the offer has been set at Rs 96 to Rs 102 per share. The company's IPO comprises 2,328,000 equity shares with a face value of Rs 10.
The SME IPO aims to garner Rs 35 crore through its initial share sale. The company has set a price band of Rs 55 to Rs 57.
Virendra D Mhaiskar, chairman and MD, IRB Infra, said that the company has reported consistent robust growth in toll collection across all projects.
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8 out of 10 listed Adani Group firms saw an upward trend on BSE while, two remained in red zone.
The company had last month approved the sub-division of shares in a ratio of 10:1. It means that IRB Infra will split its one equity share into 10 equity shares.
According to an exchange filing by Kohinoor Foods, Vikas Lifecare's investment worth Rs 250 crore will make it into a debt-free entity.
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The Delhi-based company seeks to raise Rs 100 crore through the issuance of equity shares and other convertible securities, warrants, bonds, FPO.
The Hyderabad headquartered company through an exchange filing informed that its total income stood at Rs 41.11 crore during the quarter under review as against Rs 24.62 crore in the corresponding quarter last fiscal.
The company has also fixed the record date for determining the eligibility of shareholders for the payment of the dividend amount.
The shares of the small-cap SME stock zoomed 5 per cent to lock into the upper circuit of Rs 21.15 for the 5th straight session.
The bonds will be issued at Rs 360 having a face value of Rs 10 each. The bonds carry a right exercisable by the holders.
The company said that a meeting of the board is scheduled to take place on January 28 wherein the proposal to split the shares will be taken into consideration and approved.
Last week, IRB Infra's board approved the proposal for split of shares. As per a regulatory filing, the company will split its shares in a ratio of 10:1.
The 30-share BSE Sensex zoomed 846.94 points or 1.41 per cent to settle at 60,747.31. During the day, it jumped 989.04 points or 1.65 per cent to 60,889.41. The broader NSE Nifty climbed 241.75 points or 1.35 per cent to end at 18,101.20.
The company in an exchange filing said that the securities comprised have been listed on the stock exchange.
Tata Motors Share Price: The auto major had reported a net loss of Rs 4,416 crore in the July-September period of the last fiscal.
BSE and NSE, in their circulars, said the symbolic trading session would be held between 1815 hrs and 1915 hours.
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