The Bharat Road Network IPO date has been confirmed to have started on September 6, 2017 and ended on September 8, 2017. Read the post to learn about Bharat Road Network IPO GMP.
Bharat Road Network wants to collect Rs 600.65 crore through an IPO. The pricing range for each share is ₹195 to ₹205. The Bharat Road Network Limited IPO GMP Today is ₹41.2. An application must have a minimum lot size of 73 shares. Retail investors must invest a minimum of ₹14,965 in qualifying.
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Key Details Of Bharat Road Network IPO:
Bidding Dates
September 6-8
Price Range
₹195 to ₹205 per share
Face Value
₹10 per share
GMP
₹41.2
Bharat Road Network IPO GMP
The Bharat Road Network Limited IPO GMP Today is ₹41.2.
IPO Overview
The Bharat Road Network IPO is a Rs 600.65 crore book-built issuance. Bidding for the Bharat Road Network IPO began on September 6, 2017 and finished on September 8, 2017. The allotment for the Bharat Road Network IPO was completed on September 13, 2017. On September 18, 2017, the shares were listed on the BSE and NSE. The IPO price range for Bharat Road Network is set at 195 to 205 per share. An application requires a minimum lot size of 73 shares. Retail investors must make a minimum investment of $14,965.
The company provides a variety of project management services, such as 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 project operation and management; and debt syndication, refinancing, and financial restructuring of its projects. Their project portfolio consists of six (6) BOT projects, two (2) of which are operating under final COD, three (3) of which are operational under provisional COD, and one (1) of which is under construction.
Bharat Road Network IPO Details
IPO Date | September 6, 2017 to September 8, 2017 |
Listing Date | September 18, 2017 |
Face Value | ₹10 per share |
Price Band | ₹195 to ₹205 per share |
Lot Size | 73 Shares |
Total Issue Size | 29,300,000 shares (aggregating up to ₹600.65 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Bharat Road Network Company Financials
Particulars | For the year or period ended (in Rs. million), | |||||
---|---|---|---|---|---|---|
31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
Total Assets | 12,323.91 | 8,368.03 | 6,289.65 | 5,159.45 | 3,277.50 | |
Total Revenue | 149.28 | 42.52 | 414.88 | 96.40 | 30.59 | |
Profit After Tax | (738.85) | (925.44) | (264.22) | (607.61) | (168.77) |
Bharat Road Network IPO Timeline
IPO Open Date | Wednesday, September 6, 2017 |
IPO Close Date | Friday, September 8, 2017 |
Basis of Allotment | Wednesday, September 13, 2017 |
Initiation of Refunds | Thursday, September 14, 2017 |
Credit of Shares to Demat | Thursday, September 14, 2017 |
Listing Date | Monday, September 18, 2017 |
Cut-off time for UPI mandate confirmation | 5 PM on September 8, 2017 |
Company Profile
Bharat Road Network Limited, a subsidiary of SREI Infrastructure Finance Ltd, was founded in 2006 and is involved in the development, execution, operation, and maintenance of road/highway projects. Bharat Road is involved in the development, operation, and maintenance of national and state highways in several Indian states, including Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra, and Odisha, through partnerships with experienced EPC players in the local market.
Registrar Info
Name | Kfin Technologies Limited |
Phone number | 04067162222, 04079611000 |
Email ID | [email protected] |
Website | kosmic.kfintech.com |
Contact Details
Name | Bharat Road Network Limited |
Phone number | +91 33 4409 9140 |
Email ID | [email protected] |
Website | brnl.in |
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 Road Network IPO FAQs
When Bharat Road Network IPO will open?
The Bharat Road Network IPO opens on September 6, 2017 and closes on September 8, 2017.
What is the lot size of Bharat Road Network IPO?
Bharat Road Network IPO lot size is 73 Shares, and the minimum amount required is ₹14,965.
When is Bharat Road Network IPO listing date?
The Bharat Road Network IPO listing date is on September 18, 2017.
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