Bharat Road Network Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 21,975,000 (75%) | — | ₹45,049 Cr |
| NII (HNI) | — | 4,395,000 (15%) | — | ₹9,010 Cr |
| Retail | — | 2,930,000 (10%) | — | ₹6,007 Cr |
| Σ Total | — | 29,300,000 (100%) | — | ₹600,650 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 73 | ₹14,965 |
| Retail (Max) | 13 | 949 | ₹194,545 |
| S-HNI (Min) | 14 | 1,022 | ₹209,510 |
| B-HNI (Min) | 67 | 4,891 | ₹1,002,655 |
Financial Statements Amount In Crore
| Metric | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue | 15 | 4 | 41 |
| Profit After Tax | 74 | 93 | 26 |
| Total Assets | 1,232 | 837 | 629 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 STPL Sponsor Investment – 51.47
- 2 Acquisition of the subordinated debt in the form of unsecured loans/ OCPIDs/ warrants/ OCDs, advanced/held by SREI to/in the Identified SPVs – 372.25
- 3 General corporate purposes – 144.12
Company Overview
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.