IRB InvIT Fund Secures ₹1,150 Crore Through Non-Convertible Debentures

IRB InvIT Fund , through its investment manager IRB Infrastructure Private Limited, has successfully raised ₹1,150 crore through the allotment of non-convertible debt securities. This strategic move, approved by the Committee of Directors, involves the issuance of 1,15,000 senior, secured, rated, listed, redeemable, non-convertible debt securities via private placement.

Debenture Structure

The issuance is structured into three distinct series, each with its own tenure and interest rate:

Series	Amount (₹ Crore)	Tenure	Interest Rate
A	575	5 years	7.35%
B	300	10 years	7.40%
C	275	15 years	7.40%

Each debenture carries a face value of ₹1,00,000, with the securities set to be listed on the BSE Limited.

Key Details

Issue Type: Private Placement
Total Securities: 1,15,000
Listing: BSE Limited
Denomination: ₹1,00,000 per debenture

Maturity Dates

Series A: November 4, 2030
Series B: November 4, 2035
Series C: November 4, 2040

The redemption terms for these debentures will be in accordance with the General Information Document (GID) and Key Information Document (KID).

This strategic debt issuance by IRB InvIT Fund demonstrates its ability to secure long-term financing at competitive rates. The varied tenures of the debentures, ranging from 5 to 15 years, suggest a balanced approach to debt management, potentially aligning with the fund's long-term infrastructure investment strategy.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.41%	+0.79%	-0.70%	+2.19%	+0.38%	+44.58%

IRB InvIT Fund , an infrastructure investment trust, has successfully completed a significant capital raise through a preferential issue of units. The fund allotted 15.97 crore units, raising a total of ₹1,005.28 crore from two key investors.

Allotment Details

The preferential issue was approved by the Committee of Directors of IRB Infrastructure Private Limited, the Investment Manager of the fund, on November 3, 2025. The units were allotted at a price of ₹62.95 per unit, determined in accordance with regulatory guidelines.

Here's a breakdown of the allotment:

Allottee	Category	Number of Units	Amount Raised (₹ Crore)
IRB Infrastructure Developers Limited	Sponsor	11,96,95,000	753.48
Larsen and Toubro Limited	Non-Sponsor	4,00,00,000	251.80
Total		15,96,95,000	1,005.28

Key Points

The allotted units will rank equally (pari-passu) with existing units of the Trust in all respects.
The newly issued units are subject to applicable lock-in requirements as per the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014.
The preferential issue was conducted in compliance with the relevant provisions of the InvIT Regulations and the Master Circular for Infrastructure Investment Trusts.

This capital raise may provide IRB InvIT Fund with additional resources to pursue its investment objectives in the infrastructure sector.