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