Bharat Highways InvIT
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Feb 28 to Mar 01 2024
Price Band
₹98 - 100
Current GMP
₹101.1 (1.1%)
Subscription
6.74 times
IPO Details
| IPO Date | February 28, 2024 to March 1, 2024 |
| Listing Date | Tuesday, March 12, 2024 |
| Face Value | ₹ per share |
| Price Band | ₹98 to ₹100 per share |
| Lot Size | 150 Shares |
| Total Issue Size | 250,000,000 shares (aggregating up to ₹2,500.00 Cr) |
| Fresh Issue | 250,000,000 shares (aggregating up to ₹2,500.00 Cr) |
| Issue Type | Book Built Issue InvIT |
| Listing At | BSE, NSE |
IPO Date
February 28, 2024 to March 1, 2024
Listing Date
Tuesday, March 12, 2024
Face Value
₹ per share
Price Band
₹98 to ₹100 per share
Lot Size
150 Shares
Total Issue Size
250,000,000 shares (aggregating up to ₹2,500.00 Cr)
Fresh Issue
250,000,000 shares (aggregating up to ₹2,500.00 Cr)
Issue Type
Book Built Issue InvIT
Listing At
BSE, NSE
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 6.59 |
| Others | 6.93 |
| Total ** | 6.74 |
Anchor Investors
1
Qualified Institutions
6.59
Others
6.93
Total **
6.74
Day Wise Sub
| Day | QIB | Other | Total |
|---|---|---|---|
| Day 1 Feb 28, 2024 | 0.00 | 0.82 | 0.37 |
| Day 2 Feb 29, 2024 | 0.00 | 2.24 | 1.02 |
| Day 3 Mar 1, 2024 | 6.59 | 6.93 | 6.74 |
DayDay 1
Feb 28, 2024
QIB0.00
Other0.82
Total0.37
DayDay 2
Feb 29, 2024
QIB0.00
Other2.24
Total1.02
DayDay 3
Mar 1, 2024
QIB6.59
Other6.93
Total6.74
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 11-03-2024 | 100.00 | 2 (2%) | 102 |
| 10-03-2024 | 100.00 | 2 (2%) | 102 |
| 09-03-2024 | 100.00 | 2 (2%) | 102 |
| 08-03-2024 | 100.00 | 2 (2%) | 102 |
| 07-03-2024 | 100.00 | 2 (2%) | 102 |
| 06-03-2024 | 100.00 | 2 (2%) | 102 |
| 05-03-2024 | 100.00 | 2 (2%) | 102 |
| 04-03-2024 | 100.00 | 2 (2%) | 102 |
| 03-03-2024 | 100.00 | 2 (2%) | 102 |
| 02-03-2024 | 100.00 | 2 (2%) | 102 |
| 01-03-2024 | 100.00 | 2 (2%) | 102 |
| 29-02-2024 | 100.00 | 0 (0%) | 100 |
| 28-02-2024 | 100.00 | 0 (0%) | 100 |
| 27-02-2024 | 100.00 | 0 (0%) | 100 |
Date11-03-2024
Price100.00
GMP2 (2%)
Estimate List Price102
Date10-03-2024
Price100.00
GMP2 (2%)
Estimate List Price102
Date09-03-2024
Price100.00
GMP2 (2%)
Estimate List Price102
Date08-03-2024
Price100.00
GMP2 (2%)
Estimate List Price102
Date07-03-2024
Price100.00
GMP2 (2%)
Estimate List Price102
Date06-03-2024
Price100.00
GMP2 (2%)
Estimate List Price102
Date05-03-2024
Price100.00
GMP2 (2%)
Estimate List Price102
Date04-03-2024
Price100.00
GMP2 (2%)
Estimate List Price102
Date03-03-2024
Price100.00
GMP2 (2%)
Estimate List Price102
Date02-03-2024
Price100.00
GMP2 (2%)
Estimate List Price102
Date01-03-2024
Price100.00
GMP2 (2%)
Estimate List Price102
Date29-02-2024
Price100.00
GMP0 (0%)
Estimate List Price100
Date28-02-2024
Price100.00
GMP0 (0%)
Estimate List Price100
Date27-02-2024
Price100.00
GMP0 (0%)
Estimate List Price100
IPO Important Dates
| IPO Open Date | Wednesday, February 28, 2024 |
| IPO Close Date | Friday, March 1, 2024 |
| Basis of Allotment | Wednesday, March 6, 2024 |
| Initiation of Refunds | Thursday, March 7, 2024 |
| Credit of Shares to Demat | Thursday, March 7, 2024 |
| Listing Date | Tuesday, March 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 1, 2024 |
IPO Open Date
Wednesday, February 28, 2024
IPO Close Date
Friday, March 1, 2024
Basis of Allotment
Wednesday, March 6, 2024
Initiation of Refunds
Thursday, March 7, 2024
Credit of Shares to Demat
Thursday, March 7, 2024
Listing Date
Tuesday, March 12, 2024
Cut-off time for UPI mandate confirmation
5 PM on March 1, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 13 | 1950 | ₹195,000 |
| S-HNI (Min) | 14 | 2,100 | ₹210,000 |
| S-HNI (Max) | 66 | 9,900 | ₹990,000 |
| B-HNI (Min) | 67 | 10,050 | ₹1,005,000 |
ApplicationRetail (Min)
Lots1
Shares150
Amount₹15,000
ApplicationRetail (Max)
Lots13
Shares1950
Amount₹195,000
ApplicationS-HNI (Min)
Lots14
Shares2,100
Amount₹210,000
ApplicationS-HNI (Max)
Lots66
Shares9,900
Amount₹990,000
ApplicationB-HNI (Min)
Lots67
Shares10,050
Amount₹1,005,000
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 5,916.80 | 6,056.28 | 5,536.40 |
| Revenue | 388.54 | 1,537.47 | 1,600.18 |
| Profit After Tax | 101.35 | 527.05 | 62.87 |
Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Sep 20235,916.80
31 Mar 20236,056.28
31 Mar 20225,536.40
Period EndedRevenue
30 Sep 2023388.54
31 Mar 20231,537.47
31 Mar 20221,600.18
Period EndedProfit After Tax
30 Sep 2023101.35
31 Mar 2023527.05
31 Mar 202262.87
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 82,597,350 (44.50%) | NA |
| QIB Shares Offered | 56,188,800 (30.27%) | NA |
| Total Shares Offered | 185,610,150 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered82,597,350 (44.50%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered56,188,800 (30.27%)
Maximum AllotteesNA
Investor CategoryTotal Shares Offered
Shares Offered185,610,150 (100%)
Maximum Allottees
Information about company
Bharat Highways Infrastructure Investment is an infrastructure investment trust established to acquire, manage, and invest in a portfolio of infrastructure assets in India. The Trust is authorized to carry on the activities of an infrastructure investment trust under the SEBI InvIT Regulations.
The Company's portfolio consists of seven roads, all of which are operated on a HAM basis in Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh. These roads are operated and maintained based on concession rights granted by the NHAI and are owned and operated by the Project SPVs, which are currently wholly owned by GRIL.
InvIT has also entered into a ROFO agreement with GRIL under which GRIL has granted InvIT a right of first refusal over certain other assets owned and being developed by GRIL.
The Trust has been assigned a provisional rating of CRISIL AAA/Stable (Reaffirmed) from Crisil Ratings Limited, a provisional rating of CARE AAA, Stable from CARE Ratings Limite and a provisional rating of IND AAA/Stable from India Ratings and Research.
Objectives of IPO
The Net Proceeds will be utilized by the InvIT towards the following objects:
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); and
General purposes.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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