Bharat Highways InvIT
Price Range
₹98 - ₹100
Min. Quantity
150
Closes on
1 March 2024
Min. investment
₹15,000/1,950 Shares
Bharat Highways InvIT IPO Timeline
Bharat Highways InvIT was established on June 16, 2022 as an irrevocable trust pursuant to the Trust Deed under the provisions of Indian Trusts Act, 1882. The Trust got registered as an Indian Infrastructure Investment Trust with SEBI dated August 3, 2022. Pursuant to the Amended and Restated Trust Deed dated December 8, 2022, Lokesh Builders Private Limited was inducted as the New Sponsor of the InvIT, replacing G R Infraprojects Limited.
| Event | Date |
|---|---|
| Bharat Highways InvIT IPO Opening Date | 28 February 2024 |
| Bharat Highways InvIT IPO Closing Date | 1 March 2024 |
| Basis of Allotment | 6 March 2024 |
| Initiation of Refunds | 7 March 2024 |
| Credit of Shares to Demat | 7 March 2024 |
| Bharat Highways InvIT IPO Listing Date | 12 March 2024 |
Bharat Highways InvIT IPO Details
| Bharat Highways InvIT IPO Date | 28 February 2024 to 1 March 2024 |
| Bharat Highways InvIT IPO Face Value | ₹100 per share |
| Bharat Highways InvIT IPO Price | ₹98 to ₹100 per share |
| Bharat Highways InvIT IPO Lot Size | 150 |
| Issue Size | Shares of ₹100 (aggregating up to ₹2,499.99 Cr) |
| Fresh Issue | Shares of ₹100 (aggregating up to ₹2500 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building-InvITs |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 5,61,88,800 of the Net Offer |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | Not less than 4,68,24,000 of the Net Offer |
| Company Promoters |
Bharat Highways InvIT IPO Lot Size
The Bharat Highways InvIT IPO lot size is 150 shares. A retail-individual investor can apply for up to 13 lots (1,950 shares or ₹1,95,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 150 | ₹15,000 |
| Maximum | 13 | 1,950 | ₹1,95,000 |
- Strengths
- Risks
- Opportunities
- Sizeable portfolio of stable revenue generating assets with no construction risk and long-term predictable cash flows;
- Geographically diversified road asset portfolio and revenue base;
- Consistent track record in operating and maintaining projects in the roads sector in India;
- Attractive industry sector with strong underlying fundamentals and favourable government policies;
- Growth opportunities and rights to expand portfolio of assets;
- Skilled and experienced management team with industry experience with a focus on corporate governance.
Company Financials
Bharat Highways InvIT Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 5,490.9 | 29.64 | 23.62 |
| 03-2023 | 7.81 | 1,537.47 | 527.05 |
| 03-2022 | 5,536.4 | 1,600.18 | 62.87 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Providing loans to the Project SPVs for repayment/pre-payment, in part orin full, of their respective outstanding loans (including any accured interest & prepayment penalty)
- General Purposes
Bharat Highways InvIT IPO Promoter Holding
| Pre Issue Share Holding | - |
| Post Issue Share Holding | - |
Bharat Highways InvIT IPO Subscription Status (Bidding Detail)
The Bharat Highways InvIT IPO is subscribed 8.0119 times on 1 March 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 8.9158 times in the QIB category, and 6.9271 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 8.9158 | 6.9271 | - | - | 8.0119 |
Bharat Highways InvIT IPO Prospectus
Bharat Highways InvIT IPO Listing Date
| Listing Date | 12 March 2024 |
| BSE Script | 544137 |
| NSE Symbol | INDUSINVIT |
| Listing In | BSE, NSE |
| ISIN | INE0NHL23019 |
| IPO Price | ₹100 |
| Face Value | ₹100 |
Company Contact Information
Novus Tower II FloorPlot No 18 Sector 18,Gurugram-122015
Phone: 91-85888 55586
Email: cs@bharatinvit.com
Website: www.bharatinvit.com
Bharat Highways InvIT IPO Registrar
Bharat Highways InvIT IPO Lead Manager(s)
- ICICI Securities Ltd
- Axis Capital Ltd
- HDFC Bank Ltd
- IIFL Securities Ltd
FAQ
What is the issue size of Bharat Highways InvIT IPO?
I have pre-applied for Bharat Highways InvIT IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.