Bharat Highways InvIT IPO

Bharat Highways InvIT IPO bidding starts from February 28, 2024 and ends on March 1, 2024. The allotment for the Bharat Highways InvIT IPO is expected to be finalized on March 6, 2024. Bharat Highways InvIT IPO will list on BSE, NSE with tentative listing date fixed as March 12, 2024. Bharat Highways InvIT IPO price band is set at ₹98 to ₹100 per share. The minimum lot size for an application is 150 Shares. The minimum amount of investment required by retail investors is ₹15,000.

Important Dates:-

ParticularsValue
Open Date:-February 28, 2024
Close Date:-March 1, 2024
Allotment Date:-March 6, 2024
Listing Date:-March 12, 2024

About Bharat Highways InvIT :-

Bharat Highways Infrastructure Investment is an infrastructure investment trust established to acquire, manage, and invest in a diversified portfolio of infrastructure assets across India. Authorized to operate as an infrastructure investment trust under the SEBI InvIT Regulations, the Trust is committed to strategically managing its investments.

The Trust's portfolio comprises seven roads, all operating under the Hybrid Annuity Model (HAM) in various states including Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh. These roads are managed and maintained through concession rights granted by the NHAI and are currently owned and operated by the Project Special Purpose Vehicles (SPVs), which are wholly owned by GRIL.

Additionally, the InvIT has entered into a Right of First Refusal (ROFO) agreement with GRIL. This agreement grants the InvIT the priority to acquire certain other assets owned or under development by GRIL.

Regarding its creditworthiness, the Trust has been assigned provisional ratings: CRISIL AAA/Stable (Reaffirmed) by Crisil Ratings Limited, CARE AAA, Stable by CARE Ratings Limited, and IND AAA/Stable by India Ratings and Research. These ratings signify the Trust's strong financial standing and stability.

Contact Details :-

Address:- Bharat Highways Infrastructure Investment Trust Novus Tower, Second Floor, Plot No. 18, Sector 18, Gurugram,- 122 015

Phone:- +91 85888 55586

E-mail:- cs@bharatinvit.com

Website:- https://www.bharatinvit.com/

IPO Details :-

ParticularsValue
IPO Type:-Mainline
Price:-₹98 to ₹100
Lot Size:-150
Minimum Amount for 1 Lot:-15,000
Listing At:-BSE, NSE
Total issue of Shares:-25,00,00,000
Total issue Size:-2,500 Crore
Fresh issue of Shares:-25,00,00,000
Fresh issue Size:-2,500 Crore
QIB Quota:-75%
NII Quota:-25%

Financial Information :-

Amount in ₹ Crore

Period Ended30 Sep 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets5,916.806,056.285,536.404,943.95
Revenue388.541,537.471,600.182,170.39
Profit After Tax101.35527.0562.87149.45
Net Worth
Reserves and Surplus
Total Borrowing

Key Performance Indicator :-

ParticularsValue

IPO Registrar :-

Name:- Kfin Technologies Limited

Website:- https://kosmic.kfintech.com/ipostatus/

GMP :-

GMP DateGMPEstimated Listing PriceEstimated Listing Gain
23-02-2024 01000%
24-02-2024 01000%
25-02-2024 01000%
26-02-2024 01000%
27-02-2024 01000%
28-02-202401000%
29-02-2024 01000%
01-03-202421022%
02-03-2024 21022%
03-03-2024 21022%
04-03-2024 21022%
05-03-2024 21022%
06-03-202421022%
07-03-202421022%

Subscription Details :-

DateQIBNIIRetailEmployeeOtherTotal
February 28, 20240.000.37
February 29, 20240.001.02
March 1, 20246.596.74

Allotment Status:-

ParticularsLink
Check Allotment Status (available on March 6, 2024)Click Here

Bharat Highways InvIT IPO FAQ :-

What is the opening date for Bharat Highways InvIT IPO?

The Bharat Highways InvIT IPO opens on February 28, 2024.

What is the closing date for Bharat Highways InvIT IPO?

The Bharat Highways InvIT IPO closes on March 1, 2024.

When will the shares be allotted for Bharat Highways InvIT IPO?

Shares of Bharat Highways InvIT IPO will be allotted on March 6, 2024.

What is the listing date for Bharat Highways InvIT IPO?

The listing date for Bharat Highways InvIT IPO is March 12, 2024.

What is the price/ price range for Bharat Highways InvIT IPO?

The price/ price range for Bharat Highways InvIT IPO is ₹98 to ₹100.

What is the minimum lot size for the Bharat Highways InvIT IPO?

The minimum lot size for Bharat Highways InvIT IPO is 150 shares.

What is the minimum investment required for retail investors in the Bharat Highways InvIT IPO?

The minimum investment required for retail investors in the Bharat Highways InvIT IPO is ₹15,000.

What type of IPO is the Bharat Highways InvIT IPO?

The type of Bharat Highways InvIT IPO is Mainline.

What is the total issue size of the Bharat Highways InvIT IPO?

The total issue size of Bharat Highways InvIT IPO is ₹2,500 Crore.

How many shares are being offered in the Bharat Highways InvIT IPO?

Total 25,00,00,000 shares are being offered in the Bharat Highways InvIT IPO.

Who is the registrar for the Bharat Highways InvIT IPO?

The registrar for the Bharat Highways InvIT IPO is Kfin Technologies Limited.

Where can I check the IPO Allotment status for Bharat Highways InvIT IPO?

You can check the IPO Allotment status for Bharat Highways InvIT IPO at https://kosmic.kfintech.com/ipostatus/.

What is the email address and website of Bharat Highways InvIT IPO?

The email address of Bharat Highways InvIT IPO is cs@bharatinvit.com and website is https://www.bharatinvit.com/.

What is the Bharat Highways InvIT IPO GMP (Grey Market Premium) as of 07-03-2024?

The latest GMP for Bharat Highways InvIT IPO is ₹2 as of 07-03-2024.