Bharat Highways InvIT IPO Details
| IPO Size | 2500 |
| Price Range | ₹98 to ₹100 |
| Retail Quota | 0% |
| QIB Quota | 75% |
| NII Quota | 25% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 150 |
| Investment (cut-off price) | ₹15,000 |
| Pre IPO Promotor Holding | -- |
| Post IPO Promotor Holding | -- |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Bharat Highways InvIT IPO Timelines
28/02/2024
Start Date01/03/2024
End Date05/03/2024
Refund Initiation05/03/2024
Credit of Shares to Demat Ac06/03/2024
Listing DateBharat Highways InvIT IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 150 | ₹15,000 |
| Retail Maximum | 13 | 1950 | ₹195,000 |
| S-HNI Minimum | 14 | 2100 | ₹210,000 |
| B-HNI Minimum | 67 | 10050 | ₹1,005,000 |
Bharat Highways InvIT IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 8.92 x | 6.93 x | -- | -- | 8.01 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹101.10 | ₹103.05 | ₹103.55 | ₹101.10 |
Bharat Highways InvIT IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹2170.4 | ₹1936.1 | ₹149.45 |
| FY 2022 | ₹1600.2 | ₹1515.9 | ₹62.87 |
| FY 2023 | ₹1537.5 | ₹816.5 | ₹527.94 |
| FY 2024 (9M) | ₹388.54 | ₹252.97 | ₹101.35 |
About Company
Bharat Highways Infrastructure Investment is established as an infrastructure investment trust. It focuses on acquiring, managing, and investing in a portfolio of infrastructure assets in India. Operating under SEBI InvIT Regulations, the company’s portfolio includes seven roads, all operated on a HAM (Hybrid Annuity Model) basis in various Indian states.
These roads, granted concession rights by NHAI, are owned by Project SPVs, wholly owned by GRIL. All of the InvIT Assets are HAM projects awarded by NHAI and the InvITs revenue stream is primarily through annuity payments from the NHAI. The Trust has received provisional ratings from CRISIL, CARE Ratings Limited, and India Ratings and Research.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2022 | Infrastructure | Ajendra Kumar Agarwal |
Know Before Investing
Bharat Highways InvIT IPO Strengths
- It has a sizable portfolio of stable revenue-generating assets with no construction risk and long-term predictable cash flows.
- The assets are spread across seven operational HAM assets in five states of India.
- Attractive industry sector with strong underlying fundamentals and favourable government policies.
- There are growth opportunities and rights to expand the portfolio of assets.
- The trust has a consistent track record in operating and maintaining projects in the roads sector in India.
- It offers a hedge against adverse interest rate movements.
- Skilled and experienced management team with industry experience.
Bharat Highways InvIT IPO Risks
- The InvIT is a newly settled trust and does not have an established operating history.
- It is dependent on receiving consistent annuity income from NHAI.
- It is subject to increase in costs, including O&M costs.
- There are risks associated with the potential acquisition of the ROFO Assets by the InvIT pursuant to the ROFO Agreement.
- There are limitations and risks associated with debt financing.
Swot Analysis for Bharat Highways InvIT IPO
Strengths
Weaknesses
Opportunities
Threats
Contact Details of IXIGO
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
Company Details
Bharat Highways Infrastructure Investment Trust
Novus Tower,
Second Floor, Plot No. 18,
Sector 18, Gurugram,- 122 015
Phone: +91 85888 55586
Email: [email protected]
Website: https://www.bharatinvit.com/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of Bharat Highways InvIT IPO are:
- 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).