Bharat Highways INVIT IPO is issuing a book bill worth ₹2,500.00 crores. This issue constitutes a fresh issue of 25 crore shares in total.
Bharat Highways INVIT IPO opens for subscription on February 28, 2024, and closes on March 1, 2024. The allocation for Bharat Highways InvIT IPO is expected to be finalized by Monday, March 4, 2024. Bharat Highways InvIT IPO will be listed on the BSE. The date for temporary listing on the NSE has been set for Wednesday, March 6, 2024.
The price range for Bharat Highways INVIT IPO is set at ₹98 to ₹100 per share. The minimum lot size for any application is 150 shares. For retail investors, the minimum investment required is ₹15,000. The minimum lot size for HNIs (High Net Worth Individuals) is 14 lots (2,100 shares), requiring an investment of ₹210,000, and for QIBs (Qualified Institutional Buyers), it’s 67 lots (10,050 shares), requiring an investment of ₹1,005,000.
Details about Bharat Highways INVIT IPO
| IPO Opening Date: | 28-02-2024 |
| IPO Closing Date: | 01-03-2024 |
| IPO Price: | ₹98.00-100.00 Per Share |
| Listing At: | BSE, NSE |
| Fresh Issue: | ₹2500.00 Cr |
| Face Value: | ₹ Per Equity Share |
| IPO Size: | ₹2500.00 Cr |
Main Dates for Bharat Highways INVIT IPO
| IPO Activity | Date |
| Basis of Allotment Date* | 4-03-2024 |
| Refunds Initiation* | 5-03-2024 |
| Credit of Shares to Demat* | 5-03-2024 |
| IPO Listing Date* | 6-03-2024 |
Lot of Bharat Highways INVIT IPO
| IPO Operations | Date |
| Issue Price | ₹98.00-100.00 |
| 1 Lot Size: | 150 Shares |
| 1 lot Amount: | ₹15000 |
| Min Small HNI Lots(2-10 Lakh): | 2100 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 10050 shares (67 lots) |
GMP of Bharat Highways INVIT IPO
For the February 2021 IPO of Bharat Highways INVIT, the GMP hasn’t been initiated yet. We are updating GMP information on a daily basis. Please reconnect with us soon for the latest GMP updates.
For the February 2021 IPO of Bharat Highways InvIT, the GMP has commenced from the second session. Determining the GMP direction will still take some time. We will update everyday details. Keep in touch with us to learn more about the daily GDP performance and expected listing price of the February 2021 IPO of Bharat Highways INVIT.
About the Infrastructure Investment Trust for Bharat Highways
Bharat Highways Infrastructure Investment Trust is a fundamental infrastructure investment trust established for the acquisition, management, and investment of fundamental infrastructure assets in India. The trust is authorized to operate the activities of a fundamental infrastructure investment trust under SEBI InvIT Regulations.
portfolio of company include seven highways all are in Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh The operation and maintenance of these highways are carried out based on the concessional rights provided by NHAI, and their ownership and operation are managed by Project SPV, which is currently wholly owned by GRIL (name of the company).
InvIT has also entered into a ROFO agreement with GRIL, under which GRIL has given InvIT the first right of refusal on some other properties owned and being developed by GRIL. “The Trust has been awarded final ratings of CRISIL AAA/Stable (Reaffirmed) by CRISIL Ratings Limited, final ratings of CARE AAA by CARE Ratings Limited, stable ratings by Care Ratings Limited, and final ratings of IND AAA/Stable by India Ratings and Research.
Financial Details of the Bharat Highways Infrastructure Investment Trust
| Period Ended | Assets (₹ billion) | Revenue (₹ billion) | Profit After Tax (₹ billion) |
| 30 Sep 2023 | 5,916.80 | 388.54 | 101.35 |
| 31 Mar 2023 | 6,056.28 | 1,537.47 | 527.05 |
| 31 Mar 2022 | 5,536.40 | 1,600.18 | 62.87 |
| 31 Mar 2021 | 4,943.95 | 2,170.39 | 149.45 |
Objective of Bharat Highways INVIT IPO
Granting loans to the Project SPVs for general purposes; repayment/prepayment of each of their individual existing loans, in full or in part, including any accumulated interest and prepayment penalties.