Bharat Highways Infrastructure Investment Trust InvIT IPO Detail
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 out the activities of an infrastructure investment trust, as allowed under the SEBI InvIT Regulations.
The company's portfolio consists of seven roads, all operated on a HAM basis in Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh. These roads are operated and maintained following the concession rights granted by the NHAI and are owned and operated by the Project SPVs, which are currently wholly owned by GRIL.
The Trust has been assigned a provisional rating of CRISIL AAA/Stable (Reaffirmed) by Crisil Ratings Limited, a provisional rating of CARE AAA, Stable by CARE Ratings Limite, and a provisional rating of IND AAA/Stable by India Ratings and Research.
Company Promoters
IPO Details
| IPO Opening Date | Feb 28, 2024 |
| IPO Closing Date | Mar 01, 2024 |
| Issue Type | Book Built Issue InvIT |
| Face Value | ₹1 per equity share |
| IPO Price | ₹98 - 100 per equity share |
| Market Lot | 150 Shares |
| Min Order Quantity | 150 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹2,500.00 Cr |
| Fresh Issue | ₹2,500.00 Cr |
| Offer for Sale | - |
| Retail Portion | - |
IPO Tentative Timetable
The Bharat Highways Infrastructure Investment Trust InvIT IPO open date is Feb 28, 2024, and the close date is Mar 01, 2024. The issue may list on Mar 06, 2024.
| IPO Open Date | Feb 28, 2024 |
| IPO Close Date | Mar 01, 2024 |
| Basis of Allotment Date | Mar 04, 2024 |
| Initiation of Refunds | Mar 05, 2024 |
| Credit of Shares to Demat Account | Mar 05, 2024 |
| IPO Listing Date | Mar 06, 2024 |
IPO Lot Size
The Bharat Highways Infrastructure Investment Trust InvIT IPO market lot size is 150 shares. A retail-individual investor can apply for up to 13 lots (1950 shares or ₹195000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 150 | ₹15000 |
| Maximum | 13 | 1950 | ₹195000 |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 4943.95 | 2170.39 | 149.45 |
| 31-Mar-22 | 5536.40 | 1600.18 | 62.87 |
| 31-Mar-23 | 6056.28 | 1537.47 | 527.05 |
| 30-Sep-23 | 5916.80 | 388.54 | 101.35 |
Objects of the Issue:
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.
Bharat Highways Infrastructure Investment Trust InvIT IPO Registrar:
KFin Technologies Limited
Bharat Highways Infrastructure Investment Trust InvIT IPO Lead Manager(s):
ICICI Securities Limited Axis Bank Limited Hdfc Bank Limited Iifl Securities Ltd
Company Contact Information:
Bharat Highways Infrastructure Investment Trust InvIT
Novus Tower,
Second Floor, Plot No. 18,
Sector 18, Gurugram,- 122 015
