Bharat Highways InvIT is an infrastructure investment trust established to acquire, manage, and invest in a portfolio of infrastructure assets in India and to carry on the activities of an infrastructure investment trust, as permissible under the SEBI InvIT Regulations. They were settled by way of the Original Trust Deed, by GRIL (the Settlor), and registered as an infrastructure investment trust with SEBI on August 3, 2022, under the SEBI InvIT Regulations.
The Sponsor is engaged in testing services in the field of transportation engineering and has expertise in NSV survey, FWD survey, pavement design of roads and airports, physical and chemical testing of soil, lime, cement, road roughness testing, concrete and bituminous mix design of road projects. The Sponsor has set up a laboratory at its registered address which is accredited by the National Accreditation Board for Testing and Calibration Laboratories for the discipline of chemical, mechanical, and non-destructive testing. NMHPL, the Associate of the Sponsor is a road engineering, procurement, and construction company, with experience in the design and construction of various road/highway projects. NMHPL has over six years of experience in the execution of infrastructure projects since 2017.
Objects of the Issue
- Providing loans to the Project SPVs for repayment/ pre-payment, in part or in full, of their respective outstanding loans (including any accrued interest and prepayment penalty).
- General purposes.
Bharat Highways InvIT IPO Review (Apply or Not)
- May Apply
- Bharat Highways InvIT IPO Date & Price Band Details
IPO Open: | February 28, 2024 |
IPO Close: | March 1, 2024 |
IPO Size: | Approx ₹2500 Crores |
Fresh Issue: | Approx ₹2500 Crores |
Offer for Sale: | Approx 250,000,000 Equity shares |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹98 to ₹100 Per Share |
IPO Listing on: | BSE & NSE |
QIB Quota: | 75% |
NII Quota: | 25% |
Discount: | N/A |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Bharat Highways InvIT IPO Market Lot
The Bharat Highways InvIT IPO minimum market lot is 150 shares with ₹15,000 application amount. The retail investors can apply up-to 13 lots with 1950 shares or ₹195,000 amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 150 | ₹15,000 |
Retail Maximum | 13 | 1950 | ₹195,000 |
S-HNI Minimum | 14 | 2100 | ₹210,000 |
B-HNI Minimum | 67 | 10050 | ₹1,005,000 |
Bharat Highways InvIT IPO Allotment & Listing Dates
The Bharat Highways InvIT IPO date is February 28 and the close date is March 1. The Bharat Highways InvIT IPO allotment will be finalized on March 4 and the IPO listing on March 6.
Anchor Investors Allotment: | February 27, 2024 |
IPO Open Date: | February 28, 2024 |
IPO Close Date: | March 1, 2024 |
Basis of Allotment: | March 4, 2024 |
Refunds: | March 5, 2024 |
Credit to Demat Account: | March 5, 2024 |
IPO Listing Date: | March 6, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Bharat Highways InvIT IPO Form
How to apply for the Bharat Highways InvIT IPO? You can apply for Bharat Highways InvIT IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Bharat Highways InvIT IPO in the Invest section. The other option is you can apply for Bharat Highways InvIT IPO via IPO forms downloaded via NSE and BSE. Check out the Bharat Highways InvIT forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Bharat Highways InvIT Company Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2021 | ₹2170.4 | ₹1936.1 | ₹149.45 |
2022 | ₹1600.2 | ₹1515.9 | ₹62.87 |
2023 | ₹1537.5 | ₹816.5 | ₹527.94 |
Sep 2023 | ₹388.54 | ₹252.97 | ₹101.35 |
Peer Group
- IRB InvIT Fund
Company Promoters
- NA
Bharat Highways InvIT IPO Registrar
KFin Technologies Limited
Tel: +91 40 6716 2222 / 1800 3094001
E-mail: [email protected]
Website: www.kfintech.com
Bharat Highways InvIT IPO Allotment Status Check
Check Bharat Highways InvIT IPO allotment status on KFIN TECHNOLOGIES website allotment URL. Click Here
Bharat Highways InvIT IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Axis Bank Limited
- Hdfc Bank Limited
- Iifl Securities Ltd
Company Address
Bharat Highways InvIT
Novus Tower, Second Floor, Plot No. 18,
Sector 18, Gurugram, Haryana 122 015, India
Phone: +91 85888 55586
Email: [email protected]
Website: www.bharatinvit.com
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Note: The Bharat Highways InvIT IPO price band and date are not officially announced yet. The IPO grey market premium (Bharat Highways InvIT IPO Premium) will be added to the IPO grey market page as it will start).
2 Responses
The allotment is out please check now
The refund will be credited today.