Bharat Highways InvIT
Bharat Highways InvIT Info
Details about the Bharat Highways InvIT IPO. Opening Date of Bharat Highways InvIT is 28 Feb 24 and Closing Date is 01 Mar 24 . Face Value of Each share of Bharat Highways InvIT is ₹- per share. Price band of Bharat Highways InvIT is ₹98 to ₹100. The Lot size of Bharat Highways InvIT is 150 shares. Total issue size of Bharat Highways InvIT IPO is ₹2500 cr. Fresh Issue of Bharat Highways InvIT IPO is 2,500 cr. This is a Book Building IPO. Expected to list on NSE & BSE. Share Holding Pre Issue of Bharat Highways InvIT is -. Share Holding Post Issue of Bharat Highways InvIT is -.
Business Summary
Bharat Highways InvIT is an infrastructure investment trust established to acquire, manage and invest in a portfolio of infrastructure assets in India and to carry on the activities of an infrastructure investment trust.
Bharat Highways InvIT's initial portfolio assets consist of seven road assets, all operating on HAM basis, in the states of Punjab, Gujarat, Andhra Pradesh, Maharashtra and Uttar Pradesh. These roads are operated and maintained pursuant to concession rights granted by the NHAI and are owned and operated by the Project SPVs, which are currently wholly owned by GRIL.
In addition, the InvIT hasenteredinto a ROFO Agreement with GRIL, pursuant to which GRIL granteda right of first offer to the InvIT to acquire certain other assets owned and developed by GRIL.
Bharat Highways InvIT IPO Details
Bharat Highways InvIT IPO Timeline
The Bharat Highways InvIT Initial Public Offering (IPO) is set to open on 28 Feb 24 and will end its subscription phase on 01 Mar 24. You can check your allotment status for Bharat Highways InvIT on 06 Mar 24. The refund process for your funds will start promptly on 07 Mar 24. Bharat Highways InvIT IPO credit of shares will be on 07 Mar 24. The listing date for Bharat Highways InvIT is on 12 Mar 24.
Open Date
Close Date
Basis Of Allotment
Initiation of Refund
Credit of Share
Listing Date
Bharat Highways InvIT IPO Reservation
The Bharat Highways InvIT IPO reserves shares for different investor categories. Approximately Not more than 75% of the Net Issue will be available for QIB, Not less than 25% of the Net Issue will be available for NII,
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 75% of the Net Issue |
| NII | Not less than 25% of the Net Issue |
Bharat Highways InvIT IPO Lot Size
Bids can be made for minimum of 150 shares and in multiple of 150 equity shares thereafter
| Application | Lot | Shares | Amount |
|---|---|---|---|
| S-HNI (Min) | 14 | 2,100 | 210,000 |
| S-HNI (Max) | 66 | 9,900 | 990,000 |
| B-HNI (Min) | 67 | 10,050 | 1,005,000 |
Bharat Highways InvIT IPO Promoters Holding
Promoters holding details for Bharat Highways InvIT in the current issue is as follows: The share holding of promoters before the issue stands at -%, and after the issue, it has been adjusted to -%.
Promoters of Bharat Highways InvIT are
| Share Holding Pre Issue | -% |
|---|---|
| Share Holding Post Issue | -% |
Bharat Highways InvIT Financial Information
Financial performance details for Bharat Highways InvIT over the years are as follows: The table below presents key financial indicators, including Assets, Revenue, and Profit After Tax (PAT).
| Period | 30 Sept 23 | 31 Mar 23 | 31 Mar 22 | 31 Mar 21 |
|---|---|---|---|---|
| Assets | 5,916.8 | 6,056.28 | 5,536.4 | 4,943.95 |
| Revenue | 388.54 | 1,537.47 | 1,600.18 | 2,170.39 |
| Profit After Tax | 101.35 | 527.05 | 62.87 | 149.45 |
Bharat Highways InvIT IPO Key Performance Indicator
Key Performance Indicators (KPIs) for Bharat Highways InvIT are outlined below. Monitoring these KPIs provides insights into the company's operational and strategic performance. The table presents various performance indicators along with their corresponding values.
| KPI | Value |
|---|
Object of the Issue
- • Providing loans to the ProjectSPVs for repayment/pre-payment, in part or in full, of their respective outstanding loans (including any accrued interest and prepayment penalty)
- • General purposes
Contact Details for Bharat Highways InvIT
Phone
Office
Novus Tower, Second Floor, Plot No. 18, Sector 18, Gurugram
Registrar Details for Bharat Highways InvIT
Kfin Technologies Limited
Phone
Office
Selenium, Tower B, Plot No –31 and 32, Financial District Nanakramguda, Serilingampally Hyderabad, Rangareddi 500 032 Telangana, India
Lead Manager
- • ICICI Securities Limited
- • Axis Bank Limited
- • HDFC Bank Limited
- • IIFL Securities Ltd