IL&FS Transportation Networks Limited (ITNL) is tapping the capital markets with an IPO which opens on Thursday the 11th of March and closes on Monday the 15th of March. The issue will raise Rs 700 crs. The price band fixed is Rs 242 – 258. This means that the company would issue roughly 28.92 cr shares at the lower price band and approximately 27.13 cr shares at the higher price band.

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 RajasthanIt has a pan India presence in the BOT road sector and have interests in diverse project portfolioconsisting of 17 road projects, comprising approximately 9,397 Lane kms, which includes 4,086 Lane kms under operation and maintenance and 5,311 lane kms under development of which 1,244 Lane kms is under construction).