Bharat Road Network IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 06/09 - 08/09
Issue Size ₹600.65 Cr
Issue Price ₹195-205
Market Lot 73 Shares
Shares on Offer 29,300,000
Registrar
GMP N/A
Kostak ₹275
Subject to Sauda N/A
Listing Date 18/09
Listing Price ₹205
Listing Gain% 0.00

About Bharat Road Network Limited IPO

Bharat Road Network Limited, (BRNL) is a road BOT company in India, focused on development, implementation, operation and maintenance of roads/highways projects. Our Company was incorporated in 2006 as a developer and operator for highways, road and related projects on a BOT basis.

They are involved in the development, operation and maintenance of national and state highways in several states in India with projects in states of Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra and Odisha through partnerships with experienced EPC players in the local space where the project is located.

They have a project portfolio consisting of six (6) BOT Projects, of which two (2) are Projects operational under Final COD, three (3) are Projects operational under Provisional COD and one (1) is a Project under Construction.

Our Projects operational under Final COD and Projects operational under Provisional COD cover approximately 1,622.44 lane kms, including major and minor bridges and approximately 12 lane kms and 60.72 lane kms under are under construction at the GAEPL Project and SJEPL Project, respectively for which we are awaiting final COD. Our Project under Construction involves development of 400.24 lane kms, including major and minor bridges.

With a history of over two decades in the infrastructure sector, Srei Infrastructure Finance Limited ("SREI"), our Corporate Promoter, is one of India's recognized infrastructure institutions and provides financial products and services for the customers engaged in the infrastructure sector. SREI is registered with the RBI as an Infrastructure Finance Company and is also a notified Public Financial Institution, under Section 4A of the Companies Act, 1956 (now Section 2(72) of the Companies Act, 2013).

Srei is actively involved in infrastructure project finance, advisory and development, infrastructure equipment finance, venture capital, capital market, equipment rental, integrated rural network of common services centres (“CSCs”), insurance broking, SEZ and industrial park and environment management. SREI provides customized financing to infrastructure projects and their sponsor companies.

Company Financials

Particulars 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets (In ₹ Millions) 12,323.91 8,368.03 6,289.65 5,159.45 3,277.50
Total Revenue (In ₹ Millions) 149.28 42.52 414.88 96.40 30.59
Profit After Tax (PAT) (In ₹ Millions) -738.85 -925.44 -264.22 -607.61 -168.77

Bharat Road Network Limited IPO IPO Reviews

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  • Recommendation:
  • We do not recommend subscription of Bharat Road Network Limited IPO.

Subscription Details

Date & Time QIB NII RII Total
Day 1 - Sep 06,2017 0.19 0.01 0.76 0.22
Day 2 - Sep 07,2017 0.52 0.63 2.07 0.70
Day 3 - Sep 08,2017 1.33 1.63 5.69 1.81

Allotment Status

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IPO Allotment Status

Bharat Road Network Limited IPO IPO FAQs

  1. When will Bharat Road Network Limited IPO IPO open?

    Bharat Road Network Limited IPO IPO will open on 06/09 and close on 08/09.

  2. What is the listing date of Bharat Road Network Limited IPO IPO?

    Bharat Road Network Limited IPO IPO will list on 18/09.

  3. What is the offer price of Bharat Road Network Limited IPO IPO?

    The offer price of Bharat Road Network Limited IPO IPO is ₹195-205.

  4. What is the lot size of Bharat Road Network Limited IPO IPO?

    The lot size of Bharat Road Network Limited IPO IPO is 73.

  5. What is the Grey Market Premium (GMP) price of Bharat Road Network Limited IPO IPO?

    The Grey Market Premium (GMP) price of Bharat Road Network Limited IPO IPO is Not Available at the moment.

  6. What is the Kostak price of Bharat Road Network Limited IPO IPO?

    The Kostak price of Bharat Road Network Limited IPO IPO is ₹275.

  7. What is the Subject to Sauda price for Bharat Road Network Limited IPO IPO?

    The Subject to Sauda price for Bharat Road Network Limited IPO IPO is Not Available at the moment.

Bharat Road Network Limited IPO IPO Review/Comments

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