Bharat Highways InvIT IPO
Bharat Highways InvIT
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹100
Issue Price
Listing Price
₹101
Listing Price
Listing Gains
+₹1.00 (+1.00%)
Listing Gains
IPO Details
Bidding Dates
28 Feb - 01 Mar '24
Bidding Dates
Min. Investment
₹14,700
Min. Investment
Lot Size
150.00
Lot Size
Price Range
₹98 - ₹100
Price Range
Issue Size
1,010 Cr
Issue Size
Subscription Rate
- Retail Individual Investor
- Non-Institutional Investor6.93x
- Qualified Institutional Buyers8.92x
- Employees
About Company
Bharat Highways Infrastructure Investment was founded with the purpose of acquiring, overseeing, and investing in a portfolio of Indian infrastructure assets. Under the SEBI InvIT Regulations, the Trust is permitted to conduct the operations of an infrastructure investment trust.
The company's portfolio comprises of seven highways in Uttar Pradesh, Gujarat, Andhra Pradesh, Maharashtra, and Punjab that are all run on a HAM basis. These roads are owned and managed by the Project SPVs, which are presently completely owned by GRIL, and are operated and maintained in accordance with concession rights granted by the NHAI. Additionally, GRIL and InvIT have a ROFO agreement in which GRIL grants InvIT the right of first refusal over certain additional assets that GRIL owns and develops.
Important Dates - Bharat Highways InvIT IPO
| Application opens on | 28th February 2024 |
| Last date of application | 1st March 2024 |
| Date of Allotment | 04th March 2024 |
| Refund begins from | 05th March 2024 |
| Credit of shares to Demat | 05th March 2024 |
| Listing date | 06th March 2024 |
Why should you invest in Bharat Highways InvIT IPO?
Currently operating on seven SPVs, BH-InvIT s are in charge of HAM-based SPVs.
It is intended for knowledgeable investors with longer tenor investments; • The units are priced below their current net asset values. Investors with spare cash and/or knowledge may park their money for medium- to long-term gains.
The Sponsor satisfies the qualifying requirements under the SEBI InvIT Regulations by guaranteeing a solid track record in infrastructure development through both itself and its Associate, NMHPL. Its first portfolio assets are seven road assets in the states of Gujarat, Andhra Pradesh, Maharashtra, Uttar Pradesh, and Punjab that are all operated on a HAM basis.
Financial Snapshot - Bharat Highways InvIT IPO
Check out the financial performance of Bharat Highways Infrastructure for recent years:
| Financial Year | Total Assets | Total Revenues | Net Profit |
|---|---|---|---|
| March 2021 | Rs 4,943.95 crore | Rs 2,170.39 crore | Rs 149.45 crore |
| March 2022 | Rs 5,536.40 crore | Rs 1,600.18 crore | Rs 62.87 crore |
| March 2023 | Rs 6,056.28 crore | Rs 1,537.47 crore | Rs 527.05 crore |
Bharat Highways InvIT IPO - SWOT Analysis
Strengths
Over the past two years, annual net profits have improved.
Weaknesses
Businesses with a lot of debt.
Opportunities
Book Value per share Improving for last 2 years.
Threats
Businesses whose expenses are rising YoY for extended-duration projects
How to apply for Bharat Highways InvIT IPO?
You can apply for the Bharat Highways InvIT IPO in these ways:
UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Demat Account
1. If you are an Existing TradeSmart demat account holder and wish to apply for an Bharat Highways InvIT click here.
2. If you don't have a TradeSmart Account? Sign up.
