Bharat Highways InvIT is scheduled to hit the market on February 28, 2024 and close on March 1, 2024.
Bharat Highways InvIT plans to raise around ₹2,500.00 Cr through an IPO with a sale of up to 250,000,000 equity shares of ₹10 each. QIB Shares Offered 75%, HNI Shares Offered 25%.
Bharat Highways Infrastructure Investment is an infrastructure investment trust in India that focuses on acquiring, managing, and investing in a portfolio of infrastructure assets. The Trust operates under the SEBI InvIT Regulations and currently holds a portfolio of seven roads across states like Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh. These roads are managed under the HAM model through concession rights granted by the NHAI and are owned by the Project SPVs, which are fully owned by GRIL. Additionally, the InvIT has a Right of First Refusal (ROFO) agreement with GRIL, providing it with the option to acquire certain other assets developed by GRIL.
The Trust has received provisional ratings of CRISIL AAA/Stable (Reaffirmed) from Crisil Ratings Limited, CARE AAA, Stable from CARE Ratings Limited, and IND AAA/Stable from India Ratings and Research. These ratings reflect the strong financial position and stability of Bharat Highways Infrastructure Investment as it continues to expand its portfolio and enhance its presence in the Indian infrastructure sector.
Bharat Highways InvIT IPO Details
Bharat Highways InvIT IPO opens on Feb 28, 2024, and closes on Mar 01, 2024. The Listing date for Bharat Highways InvIT IPO is on Mar 06, 2024. The price band for IPO is ₹98 to ₹100 per share and lot size of 150 Shares.
| IPO Date | Feb 28, 2024 to Mar 01, 2024 |
| Listing Date | Mar 06, 2024 |
| Price | ₹98 to ₹100 per share |
| Lot Size | 150 Shares |
| Issue Size | ₹2,500.00 Cr |
| Face Value | ₹10 per share |
Bharat Highways InvIT IPO Tentative Timetable
Bharat Highways InvIT opening date is February 28, 2024 and close date is Mach 01, 2024. The IPO allotment date is March 04, 2024. The refund initiation of IPO is on March 05, 2024. The credit of shares in demat account is on March 05, 2024. The listing date is on March 06, 2024.
| Event | Date |
|---|---|
| IPO Opening | Feb 28, 2024 |
| IPO Closing | Mar 01, 2024 |
| IPO Allotment Date | Mar 04, 2024 |
| Refund Initiation | Mar 05, 2024 |
| Shares Credit to Demat | Mar 05, 2024 |
| Lisiting Date | Mar 06, 2024 |
Bharat Highways InvIT IPO Lot Size
Lot Size of this IPO is 150 shares. A retail-individual investor can apply for up to 13 lots (1950 shares or ₹195,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 150 | ₹15,000 |
| Retail(Maximum) | 13 | 1950 | ₹195,000 |
| S-HNI (Minimum) | 14 | 2,100 | ₹210,000 |
| B-HNI (Minimum) | 67 | 10,050 | ₹1,005,000 |
Bharat Highways InvIT IPO Promoter Holding
| Pre Issue Share Holding | |
| Post Issue Share Holding |
Bharat Highways InvIT IPO Review
Bharat Highways Infrastructure Investment Trust's IPO is a lucrative opportunity for investors looking to capitalize on India's booming infrastructure sector. The trust's impressive financial performance, with a remarkable 738.34% increase in profit after tax (PAT) from March 2022 to March 2023, despite a slight revenue dip of -3.92%, underscores its robust growth trajectory. With assets touching ₹6,056.28 Crore as of March 31, 2023, Bharat Highways InvIT showcases a strong financial position that instills confidence in prospective investors.
The utilization of IPO proceeds by Bharat Highways InvIT for providing loans to Project SPVs for loan repayment/pre-payment and other general purposes reflects a prudent financial strategy aimed at enhancing returns and maintaining financial stability. This strategic allocation of funds aligns with the trust's commitment to efficient capital management, which bodes well for long-term investor confidence. By participating in this IPO, investors can gain exposure to a well-managed infrastructure investment trust poised for sustainable growth in India's infrastructure landscape.
In conclusion, Bharat Highways InvIT's IPO presents a compelling investment proposition for those seeking exposure to India's infrastructure development story. The trust's solid financial performance, coupled with its strategic allocation of IPO proceeds towards value-enhancing activities, positions it as an attractive option for investors looking for stable returns and long-term growth prospects. Investing in Bharat Highways InvIT IPO could be a prudent choice for those keen on tapping into the potential of India's burgeoning infrastructure sector.
Bharat Highways InvIT IPO Subscription Status (Bidding Details)
Table not foundBharat Highways InvIT IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Bharat Highways InvIT IPO FAQs
What is Bharat Highways InvIT IPO?
Bharat Highways InvIT is issuing 250,000,000 equity shares with a face value of ₹10 each, totaling up to ₹2,500.00 Cr. The shares are being offered at a price of ₹98 to ₹100 each, with a minimum order quantity of 150 shares.
Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Bharat Highways InvIT IPO will open?
Bharat Highways InvIT will open on February 28, 2024 for QIB, NII, and Retail Investors.
When Bharat Highways InvIT IPO will end?
Bharat Highways InvIT will end on March 01, 2024.
What is Bharat Highways InvIT IPO Size?
Bharat Highways InvIT IPO size is ₹2,500.00 Cr.
What is Bharat Highways InvIT IPO Price Band?
Bharat Highways InvIT price band is ₹98 to ₹100 per share.
What is the Bharat Highways InvIT IPO Allotment Date?
Bharat Highways InvIT allotment date is March 04, 2024.
What is the Bharat Highways InvIT IPO Listing Date?
Bharat Highways InvIT listing date is March 06, 2024. The IPO is to be listed on BSE and NSE.
How to Bharat Highways InvIT IPO through Zerodha?
To apply for the IPO “Bharat Highways InvIT” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Bharat Highways InvIT IPO through Upstox?
To apply for the IPO “Bharat Highways InvIT” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Bharat Highways InvIT IPO Allotment Status?
For Bharat Highways InvIT IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Bharat Highways InvIT IPO GMP?
You can check out here: Bharat Highways InvIT IPO GMP