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.
The fixed price for the Bharat Highways InvIT Developers IPO is Rs 2,500.00 crores. Shares range in price from ₹98 to ₹100. Each proposal must have a minimum lot size of 150 shares. Retail investors must make a minimum ₹15,000 contribution. For sNII, a minimum investment of ₹210,000 is required, which is equivalent to 2,100 shares or 14 lots. There are 67 lots for bNII totaling ₹1,005,000, or 10,050 shares.
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Key Details Of Bharat Highways InvIT IPO:
Bidding Dates
Feb 28-Mar 1
Price Range
₹98 to ₹100 per share
Face Value
₹ per share
GMP
₹2
Bharat Highways InvIT IPO GMP
Bharat Highways InvIT’s current IPO GMP Today is ₹2.
Bharat Highways InvIT IPO Overview
The Bharat Highways InvIT offering, valued at Rs 2,500.00 crore, is made through bookbuilding. This fresh issue has a total of 25 crore shares open for purchase. Effective on February 28, 2024, investors may register for the Bharat Highways InvIT IPO. The subscription period will end on March 1, 2024. On Monday, March 4, 2024, the Bharat Highways InvIT IPO allocation process is scheduled to conclude. The initial public offering (IPO) of Bharat Highways InvIT is expected to take place on Wednesday, March 6, 2024, on the BSE and NSE.
The IPO pricing range for Bharat Highways InvIT is ₹98–₹100 per share. Bharat Highways InvIT’s current IPO GMP Today is ₹2. You need to have at least 150 shares in order to be qualified. A minimum of ₹15,000 must be invested by retail investors. A minimum investment of 14 lots (2,100 shares) valued at ₹210,000. is required by sNII. By contrast, bNII demands a larger investment of ₹1,005,000, or 67 lots (10,050 shares).
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 roadways structure Investment was established as an structure investment trust with the charge of acquiring, managing, and investing in means related to structure across India. SEBI’s InvIT Regulations allow the Trust to perform structure investment trust operations. Seven HAM- operated highways in Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh constitute a part of the company’s portfolio. The NHAI issued authorization to concession to GRIL, the sole owner of Project special purpose vehicles( SPV) which controls and manages these roads. GRIL is responsible for their keep and operation.
A ROFO agreement between GRIL and InvIT also gives InvIT first dibs on some fresh means that GRIL develops and holds. Crisil Conditions Limited has provisionally assigned a CRISIL AAA/ Stable( Reaffirmed) standing to the Trust. still, CARE AAA, Stable and IND AAA/ Stable provisional conditions have been released by India Conditions & Research.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Bharat Highways Infrastructure Investment Trust |
| Phone number | +91 85888 55586 |
| Email ID | [email protected] |
| 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.
Bharat Highways InvIT IPO FAQs
When Bharat Highways InvIT IPO will open?
The Bharat Highways InvIT IPO opens on February 28, 2024 and closes on March 1, 2024.
What is the lot size of Bharat Highways InvIT IPO?
Bharat Highways InvIT IPO lot size is 150 Shares, and the minimum amount required is ₹15,000.
When is Bharat Highways InvIT IPO allotment?
The finalization of Basis of Allotment for Bharat Highways InvIT IPO will be done on Monday, March 4, 2024, and the allotted shares will be credited to your demat account by Tuesday, March 5, 2024.
When is Bharat Highways InvIT IPO listing date?
The Bharat Highways InvIT IPO listing date is not yet announced. The tentative date of Bharat Highways InvIT IPO listing is Wednesday, March 6, 2024.
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