The Bharat Highways InvIT IPO date has been confirmed from February 28, 2024 and closes on March 1, 2024. Read the post to learn about Bharat Highways InvIT IPO GMP.
Bharat Highways InvIT Developers IPO presents a fixed price offering totaling Rs 2,500.00 crores. The pricing bracket for shares falls within ₹98 to ₹100 each. Each application necessitates a minimum lot size of 150 shares. Retail investors are required to commit a minimum of ₹15,000 for investment. The minimum investment threshold for sNII requires 14 lots, equaling 2,100 shares, with a total investment of ₹210,000. For bNII, it’s 67 lots, comprising 10,050 shares, totaling ₹1,005,000.
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Bidding Dates
Feb 28-Mar 1
Price Range
₹98 to ₹100 per share
Face Value
₹ per share
GMP
₹2
Bharat Highways InvIT IPO GMP
The Bharat Highways InvIT IPO GMP Today is ₹2.
IPO Overview
The offering of Bharat Highways InvIT, amounting to Rs 2,500.00 crore, is conducted via a book-building route. The offering is entirely fresh, with a total of 25 crore shares up for grabs. Starting from February 28, 2024, investors can subscribe to the Bharat Highways InvIT IPO, with the subscription period ending on March 1, 2024. The Bharat Highways InvIT IPO allotment process is slated for conclusion by Monday, March 4, 2024. The listing of Bharat Highways InvIT IPO is anticipated on Wednesday, March 6, 2024, on both the BSE and NSE.
Bharat Highways InvIT’s IPO is priced between ₹98 and ₹100 per share. Bharat Highways InvIT IPO GMP Today is ₹2. To apply, you must have at least 150 shares. It is compulsory for retail investors to invest no less than ₹15,000. sNII mandates a minimum investment of 14 lots (equivalent to 2,100 shares), valuing at ₹210,000. In contrast, bNII requires a larger investment of 67 lots (10,050 shares), valued at ₹1,005,000.
Bharat Highways InvIT IPO Details
| IPO Date | February 28, 2024 to March 1, 2024 |
| Listing Date | [.] |
| Face Value | ₹ per share |
| Price Band | ₹98 to ₹100 per share |
| Lot Size | 150 Shares |
| Total Issue Size | 250,000,000 shares (aggregating up to ₹2,500.00 Cr) |
| Fresh Issue | 250,000,000 shares (aggregating up to ₹2,500.00 Cr) |
| Issue Type | Book Built Issue InvIT |
| Listing At | BSE, NSE |
Bharat Highways InvIT Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,916.80 | 6,056.28 | 5,536.40 | 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 |
| Amount in ₹ Crore | ||||
Bharat Highways InvIT IPO Timeline
| IPO Open Date | Wednesday, February 28, 2024 |
| IPO Close Date | Friday, March 1, 2024 |
| Basis of Allotment | Monday, March 4, 2024 |
| Initiation of Refunds | Tuesday, March 5, 2024 |
| Credit of Shares to Demat | Tuesday, March 5, 2024 |
| Listing Date | Wednesday, March 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 1, 2024 |
Company Profile
Bharat Highways Infrastructure Investment, functioning as an infrastructure investment trust, was founded with the intention of acquiring, overseeing, and investing in various infrastructure assets across India. Under SEBI’s InvIT Regulations, the Trust is empowered to undertake infrastructure investment trust activities. The company’s portfolio includes seven highways across Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh, all of which are HAM-operated. These roads are operated and maintained under concession rights granted by the NHAI, and are owned and operated by Project SPVs, which
are currently completely owned by GRIL. InvIT has also agreed into a ROFO agreement with GRIL, which grants InvIT first refusal over some other assets owned and developed by GRIL. Crisil Ratings Limited has granted the Trust a provisional CRISIL AAA/Stable (Reaffirmed) rating, while India Ratings and Research has assigned a provisional IND AAA/Stable rating, along with a CARE AAA, Stable rating.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | bharathighways.invit@kfintech.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Bharat Highways Infrastructure Investment Trust |
| Phone number | +91 85888 55586 |
| Email ID | cs@bharatinvit.com |
| Website | bharatinvit.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
