Bharat

Incorporated in 2006, Bharat Road Network Limited, a subsidiary of SREI Infrastructure Finance Ltd is engaged in the business of development, implementation, operation, and maintenance of roads/highways projects.

Bharat Road involved in the development, operation and maintenance of national and state highways in several states in India with projects in states of Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra and Odisha through partnerships with experienced EPC players in the local space where the project is located.

Company offers a range of project management services, including design, engineering, and quality control, as well as engineering, processing, and construction management; and project advisory services, such as project management consultancy, project conceptualization, commissioning, and operation and management of the projects, as well as undertakes debt syndication, refinancing, and financial restructuring of its projects.

Their project portfolio consisting of six (6) BOT Projects, of which two (2) are Projects operational under Final COD, three (3) are Projects operational under Provisional COD and one (1) is a Project under Construction.

Company Promoters:

The Promoters of the company are:

1. Srei Infrastructure Finance Limited (SREI)
2. Make in India Fund

Company Financials:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 12,323.91 8,368.03 6,289.65 5,159.45 3,277.50
Total Revenue 149.28 42.52 414.88 96.40 30.59
Profit After Tax (738.85) (925.44) (264.22) (607.61) (168.77)

Objects of the Issue:

The object of the issue are:

1. Advancing of subordinate debt in form of interest free unsecured loan to their Subsidiary, STPL, for part financing of the STPL Project (STPL Sponsor Investment);
2. Acquisition of the subordinated debt in the form of unsecured loan s/OCPIDs/warrants/OCDs, advanced/held by SREI to STPL, KEPL and MTPL (Identified SPVs);
3. Benefits of listing of its Equity Shares on the Stock Exchanges; and
4. General corporate purposes.

Bharat Road Network IPO Details

IPO Opening Date Sep 6, 2017
IPO Closing Date Sep 8, 2017
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹195 to ₹205 per equity share
Market Lot 73 Shares
Min Order Quantity 73 Shares
Listing At BSE, NSE
Issue Size29,300,000 Eq Shares of ₹10
(aggregating up to ₹600.65 Cr)

Bharat Road Network IPO Tentative Timetable

The Bharat Road Network IPO open date is Sep 6, 2017, and the close date is Sep 8, 2017. The issue may list on Sep 18, 2017.

IPO Open Date Sep 6, 2017
IPO Close Date Sep 8, 2017
Basis of Allotment Date Sep 13, 2017
Initiation of Refunds Sep 14, 2017
Credit of Shares to Demat Account Sep 14, 2017
IPO Listing Date Sep 18, 2017

Bharat Road Network IPO Lot Size

The Bharat Road Network IPO market lot size is 73 shares. A retail-individual investor can apply for up to 13 lots (949 shares or ₹194,545).

Application Lots Shares Amount (Cut-off)
Minimum 1 73 ₹14,965
Maximum 13 949 ₹194,545

Bharat Road Network IPO Subscription Status (Bidding Detail)

The Bharat Road Network IPO is subscribed 1.81x times on Sep 8, 2017 17:00. The public issue subscribed 5.69x in the retail category, 1.33x in the QIB category, and 1.63x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

1.33x

NII

1.63x

RII

5.69x

Total

1.81x

Rating:Rated

Listing Date Monday, September 18, 2017
BSE Script Code 540700
NSE Symbol BRNL
Listing In B Group of Securities
ISIN INE727S01012
IPO Price ₹205 per equity share
Face Value ₹10 per equity share
.
IPO Price
Open
Low
High
Last Trade
BSE
₹205.00
₹204.90
₹196.50
₹218.65
₹208.15
NSE
₹205.00
₹205.00
₹195.35
₹218.90
₹208.45

Bharat Road Network Limited
Mirania Gardens,
10B/1, Topsia Road (East),
Kolkata – 700 046
Phone: +91 33 4409 9140
Email: corporate@brnl.in
Website: http://www.brnl.in

Bharat Road Network IPO FAQs

Bharat Road Network IPO is a main-board IPO of 29,300,000 equity shares of the face value of ₹10 aggregating up to ₹600.65 Crores. The issue is priced at ₹195 to ₹205 per equity share. The minimum order quantity is 73 Shares.

The IPO opens on Sep 6, 2017, and closes on Sep 8, 2017.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Bharat Road Network IPO opens on Sep 6, 2017 and closes on Sep 8, 2017.

Bharat Road Network IPO lot size is 73 Shares and the minimum order quantity is 73 Shares.

You can apply in Bharat Road Network IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who dont offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Bharat Road Network IPO will be done on Sep 13, 2017, and the allotted shares will be credited to your demat account by Sep 14, 2017. Check the Bharat Road Network IPO allotment status.

The Bharat Road Network IPO listing date is on Monday, September 18, 2017.

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