Bharat Highways Infrastructure Investment Trust InvIT
Mainboard₹15,000 / 150 Shares
IPO Details
Bharat Highways Infrastructure Investment Trust InvIT IPO is priced between ₹98-100 per equity share, with a face value of ₹ per share. The company's equity shares will be listed on the Mainboard, and Kfin Technologies Limited is managing the issue as the registrar.
The IPO bidding period opened on 28 Feb, 2024, and closed on 1 Mar, 2024. The allotment results will be announced on 6 Mar, 2024, with a tentative listing date set for 12 Mar, 2024.
The total issue comprises 250,000,000 shares, amounting to ₹2,500.00 Cr.
Bharat Highways Infrastructure Investment Trust InvIT IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Feb 28, 2024 - Mar 1, 2024 | 12 Mar, 2024 | ₹ Per Equity Share | ₹98-100 per equity share | - | Shares | - | BSE, NSE |
Bharat Highways Infrastructure Investment Trust InvIT IPO Timeline
Issue Price
₹98-100 per equity shareFace Value
₹ Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedMarket Lot
150 Shares (₹15,000/-)Lead Manager
ICICI Securities LimitedAxis Bank LimitedHdfc Bank LimitedIifl Securities LtdIssue Size
250,000,000 shares(aggregating up to ₹2,500.00 Cr)Retail Portion
NII (HNI) 25%Subscription
6.74 timesBharat Highways Infrastructure Investment Trust InvIT IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 6056.28 | 1537.47 | 527.05 | - | - | - |
| 31 Mar 22 | 5536.40 | 1600.18 | 62.87 | - | - | - |
| 31 Mar 21 | 4943.95 | 2170.39 | 149.45 | - | - | - |
All values are in ₹ Cr.
About Company
Bharat Highways Infrastructure Investment is an infrastructure investment trust that was established with the aim of acquiring, managing, and investing 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 trust has received a rating of Provisional CRISIL AAA/Stable (Reaffirmed) from Crisil Ratings Limited, Provisional CARE AAA, Stable from CARE Ratings Limite and Provisional IND AAA/Stable from India Ratings and Research.
Bharat Highways Infrastructure Investment Trust InvIT IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 56,188,800 | 46,824,000 NA NA | NA | 103,012,800 |
| Day 1 - 28-02-24 05:00 PM | 0.00 x | 0.82 NA x NA x | NA x | 0.37 x |
| Day 2 - 29-02-24 05:00 PM | 0.00 x | 2.24 NA x NA x | NA x | 1.02 x |
| Day 3 - 01-03-24 05:00 PM | 6.59 x | 6.93 NA x NA x | NA x | 6.74 x |