Bharat Road Network – India’s largest public sector shipyard is soon coming out with an Initial Public Offer (IPO) …..
I am sure in the current BULL RUN, small and medium investors are running after all IPO’s to get good listing gains !!!
After good response to recent issues like D-Mart, HUDCO, CDSL, AU Small Finance Bank, etc, investors would be eagerly waiting for Bharat Road Network IPO….
I am sure you might be searching for all details about Bharat Road Network IPO.
Bharat Road Network Company Profile :
Bharat Road Network Limited is a road build-operate-transfer (BOT) company in India, focused on development, implementation, operation and maintenance of roads/highways projects.
It was incorporated in 2006 as a developer and operator for highways, road and related projects on a BOT basis. As per the letter arrangement dated February 16, 2017, it will manage all the road/ highway assets of its corportae promoter SREI Infrastructure Finance Limited (SREI).
Company also performs a range of project management functions, including design, engineering, EPC management and quality control. It also provides project advisory activities including, project management consultancy, project conceptualisation, commissioning, operation and management of the projects during the entire life cycle of its projects. It also undertakes debt syndication, refinancing and financial restructuring of its projects.
Bharat Road Network Promoters:
The list of the top shareholders of the company and the number of equity shares held by them is as below:
- IPDC : 38.33%
- SREI : 30.43%
- OSPL Infradeal Private Limited :17.42%
- IPDF : 12.90%
- Make in India Fund : 0.91%
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Bharat Road Network IPO Detail :
Issue Open: Sep 6, 2017 – Sep 8, 2017
Issue Type: Book Built Issue IPO
Issue Size: 29,300,000 Equity Shares of Rs 10 aggregating up to Rs 600.65 Cr
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 195 – Rs 205 Per Equity Share
Market Lot: 73 Shares
Minimum Order Quantity: 73 Shares
Listing At: BSE, NSE
Important Dates of Bharat Road Network IPO :
Bid/Offer Opens On: September 06, 2017
Bid/Offer Closes On: September 08, 2017
Finalisation of Basis of Allotment: On or about September 13, 2017
Initiation of refunds: On or about September 14, 2017
Credit of Equity Shares to demat accounts: On or about September 14, 2017
Commencement of trading of the Equity Shares on the Stock Exchanges: On or about September 18, 2017
IPO Issue Allocation :
- Qualified institutional buyers (QIBs) – 75% of the offer.
- Non-institutional bidders – 15% of the offer.
- Retail individual bidders – 10% of the offer.
Download Red Herring Prospectus of Bharat Road Network IPO :
Grey Market Premium (GMP) of Bharat Road Network :
Most of the brokerage houses are giving AVOID recommendation for this IPO looking at the weak financials of the company. Currently the grey market premium for this IPO is around Rs. 10 which translates into a listing gain of around 5 %. If market sentiment is poor on listing day, then this issue can even give negative returns listing with a discount.
Company Contact Information :
Bharat Road Network
Mirania Gardens, 10B/1,
Topsia Road (East) Kolkata – 700 046,
West Bengal, India.
Tel:+91 33 4409 9140
Fax:+91 33 6602 3243
Bharat Road Network IPO Registrar :
KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Financial District,
Hyderabad – 500 032, Telangana, India
Tel: +91 40 6716 2222
Fax: +91 40 2343 1551
Bharat Road Network IPO Lead Manager(s) :
- INGA Capital Private Limited
- Investec Capital Services (India) Private Limited
- SREI Capital Markets Limited
Bharat Road Network IPO Allotment Status :
You would be able to check the allotment status i.e., whether you have got the shares of Bharat Road Network or not by vising the website of Registrar of the Issue which in this case is KARVY COMPUTERSHARE PRIVATE LIMITED.
Check Bharat Road Network IPO Allotment Status @ Check Bharat Road Network IPO Allotment Online