Wednesday, March 10, 2010

IL&FS TRANSPORTATION NETWORKS LTD - IPO

Type of Issue : Book Built
Issue Opens: 11 March, 2010
Issue Closes: 15 March, 2010

Issue Size : 27,131,783(No. of Shares)

Lower Price Band: Rs.242
Upper Price Band: Rs.258

Total Issue Size: Rs.700 Crores

Application Multiple: 25 and in multiples there off starting with atleast 25 shares.

Maximum Shares: 375 (for Retail)

Information URL: http://www.sebi.gov.in/dp/ilfstrans.pdf

Registrar to the Issue : LINK INTIME INDIA PVT LTD

Company Background:

IL&FS Transportation Networks Ltd. (ITNL) is an established ISO 9000:2001 surface transportation infrastructure company, and is one of the largest private sector BOT road operators in India. ITNL is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance. ITNL was incorporated in 2000 by IL&FS, an infrastructure development and finance company, in order to consolidate their existing road infrastructure projects and to pursue various new project initiatives in the area of surface transportation infrastructure. In March 2008, ITNL commenced international operations through the acquisition of Elsamex S.A. ("Elsamex"), a provider of maintenance services primarily for highways and roads in Spain and other countries

Since inception, ITNL has been involved in the development, operation and maintenance of national and state highways, roads (including urban roads), flyovers and bridges in Andhra Pradesh, Delhi, Gujarat, Maharashtra, Karnataka, Uttar Pradesh, Kerala, Jharkhand and Rajasthan.

Parentage
ITNL benefits significantly from its affiliation with IL&FS, which has an established track record in promoting and financing a range of public infrastructure projects in India for over 21 years. IL&FS was incorporated in 1987 and its shareholders include Life Insurance Corporation of India, Central Bank of India, State Bank of India, Housing and Development Finance Corporation Limited, Abu Dhabi Investment Authority and Orix Corporation of Japan.

Objects of the Issue
Funding pre-payment and repayment of a portion of debt availed by the company.

Business Strategy
Maintain market position in the Indian BOT road infrastructure sector
Improve performance and enhance returns from the company’s core business
Leverage IL&FS's track record in expanding its business within and outside India
Expand into new sub-sectors within the surface transportation infrastructure industry
Expansion of business outside India

Completed Projects

North Karnataka Expressway (Belgaum Maharashtra Border Road)
West Gujarat Expressway (Jetpur Rajkot Gondal Road)
NOIDA Toll Bridge
Gujarat Toll Roads
Vadodara - Halol Road
Ahmedabad - Mehsana Road
Nagpur City Bus Project
Thiruvananthapuram City Roads (Phase I)

Company Details:


IL&FS TRANSPORTATION NETWORKS LTD
THE IL&FS FINANCIAL CENTRE
PLOT NO.C 22, G, BLOCK,
BANDRA-KURLA COMPLEX,
BANDRA (EAST),
MUMBAI 400051, INDIA

Tel : +91-22-26533333
Fax : 91-22-26523979

Email : itnlinvestor@ilfsindia.com
Website : http://www.itnlindia.com/

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