Bharat Highways InvIT Limited IPO is a MAIN BOARD IPO. They are going to raise ₹2500 Crores via IPO. The issue is priced at ₹98 to ₹100 per equity share. The IPO is to be listed on NSE, BSE
Bharat Highways InvIT Limited IPO opens for subscription on February 28, 2024, and closes on March 01, 2024. The allotment for the Bharat Highways InvIT Limited IPO is expected to be finalized on March 04, 2024. Bharat Highways InvIT Limited IPO will list on BSE, NSE with tentative listing date fixed as March 06, 2024.
| Bharat Highways InvIT Limited Details | Allotment |
| Minimum Investment ₹15,000/1 – Lot (150 shares) | Price Range ₹98-₹100 | |
| Max Quantity 13-Lots/ (1950 Shares) | Max Investment ₹195,000 | Retail Discount ₹0 |
| Investor category and sub category Individual- HNI & Retail | Issue Size 2500 Cr | Employee Discount ₹ |
| Total Issue Size 250,000,000 Shares (Aggregating up to ₹2,500.00 Cr) | Share Holding Pree Issue | Issue Type Book build Issue IPO |
| Fresh Issue Share 250,000,000 Shares (Aggregating up to ₹2,500.00 Cr) | Share Holding Post Issue | Listing At BSE, NSE |
| Offer For Sale | Face value ₹ |
IPO Dates
| Offer Starts | 28 Feb 2024 |
| Offer Ends | 01 March 2024 |
| Allotment | 04 March 2024 |
| Refunds | 05 March 2024 |
| Credit of shares to Demat account | 05 March 2024 |
| IPO Listing | 06 March 2024 |
About Bharat Highways InvIT Limited
Bharat Highways Infrastructure Investment is an infrastructure investment trust established to acquire, manage, and invest in a portfolio of infrastructure assets in India. The Trust is authorized to carry on the activities of an infrastructure investment trust under the SEBI InvIT Regulations.
The Company’s portfolio consists of seven roads, all of which are operated on a HAM basis in Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh. These roads are operated and maintained based on concession rights granted by the NHAI and are owned and operated by the Project SPVs, which are currently wholly owned by GRIL.
InvIT has also entered into a ROFO agreement with GRIL under which GRIL has granted InvIT a right of first refusal over certain other assets owned and being developed by GRIL.
The Sponsor is engaged in testing services in the field of transportation engineering and has expertise in NSV survey, FWD survey, pavement design of roads and airports, physical and chemical testing of soil, lime, cement, road roughness testing, concrete and bituminous mix design of road projects. The Sponsor has set up a laboratory at its registered address which is accredited by the National Accreditation Board for Testing and Calibration Laboratories for the discipline of chemical, mechanical, and non-destructive testing. NMHPL, the Associate of the Sponsor is a road engineering, procurement, and construction company, with experience in the design and construction of various road/highway projects. NMHPL has over six years of experience in the execution of infrastructure projects since 2017.
| Incorporated in | Managing Director |
| Mr. |
Bharat Highways InvIT Limited IPO Prospectus
| . | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Bharat Highways InvIT Limited IPO Lot Size
Bharat Highways InvIT Limited IPO minimum market lot is 150 shares with ₹15,000 application amount. The retail investors can apply up-to 13-lots with 1950 shares or ₹195,000 amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 13 | 1950 | ₹195,000 |
| S-HNI (Min) | 14 | 2,100 | ₹210,000 |
| S-HNI (Max) | 66 | 9,900 | ₹990,000 |
| B-HNI (Min) | 67 | 10,050 | ₹1,005,200 |
Share Holding
| Share Holding Pre-Issue | % |
| Share Holding Post-Issue |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹1,537.47 | ₹1,600.18 | ₹2,170.39 |
| Assets | ₹6,056.28 | ₹5,536.40 | ₹4,943.97 |
| Profit | ₹527.05 | ₹62.87 | ₹149.45 |
| All values are in Rs. Cr |
Fundamentals
| Values | Values | ||
| Market cap | Cr | ROE | % |
| P/E (X) | ROCE | % | |
| POST P/E (X) | EPS | ||
| Debt to Equity | RONW | % |
Objects of the Issue
- Providing loans to the Project SPVs for repayment/ pre-payment, in part or in full, of their respective outstanding loans (including any accrued interest and prepayment penalty).
- General purposes.
Brokerage Firm IPO Review
- To be updated soon
| Bharat Highways InvIT Limited Contact Details | |
| Address | Bharat Highways InvIT Limited Novus Tower, Second Floor, Plot No. 18, Sector 18, Gurugram, Haryana 122 015, India |
| Phone: | +91 85888 55586 |
| cs@bharatinvit.com | |
| Website | www.bharatinvit.com |
| Bharat Highways InvIT Limited IPO Lead Managers |
| ICICI Securities Limited Axis Bank Limited Hdfc Bank Limited Iifl Securities Ltd |
| Bharat Highways InvIT Limited IPO Registrar | |
| . | Kfin Technologies Limited |
| Phone | 04067162222, 04079611000 |
| bharathighways.invit@kfintech.com | |
| Website | https://kosmic.kfintech.com/ipostatus/ |
| Bharat Highways InvIT Limited IPO Allotment Status Check |
| IPO Allotment Status Check Click Here |
Bharat Highways InvIT Limited IPO FAQs
What is Bharat Highways InvIT Limited IPO?
- Bharat Highways InvIT Limited IPO is a MAIN BOARD IPO. They are going to raise ₹2,500 Crores via IPO. The issue is priced at ₹98 to ₹100 per equity share. The IPO is to be listed on NSE, BSE
When Bharat Highways InvIT Limited IPO will open?
- The IPO is to open on February 28, 2024, for QIB, NII, and Investors.
What is Bharat Highways InvIT Limited IPO Investors Portion?
- The investors’ portion for QIB is 75%, NII is 25%,
What is Bharat Highways InvIT Limited IPO Size?
- Bharat Highways InvIT Limited IPO size is ₹2,500 crores.
What is Bharat Highways InvIT Limited IPO Price Band?
- Bharat Highways InvIT Limited IPO Price Band is ₹98 To ₹100 per equity share.
What is Bharat Highways InvIT Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1–Lot (150 Shares) with ₹15,000. and Maximum Lot Size 13-Lots (1950 Shares) with ₹195,000
What is Bharat Highways InvIT Limited IPO Allotment Date?
- Bharat Highways InvIT Limited IPO allotment date is March 04, 2024.
What is Bharat Highways InvIT Limited IPO Listing Date?
- Bharat Highways InvIT Limited IPO listing date is March 06, 2024. The IPO to list on NSE, BSE.