Bharat Highways InvIT IPO

Bharat Highways InvIT

IPO Listing Details

Listed On


Listed On

Issue Price


Issue Price

Listing Price


Listing Price

Listing Gains

+₹1.00 (+1.00%)

Listing Gains

IPO Details

Bidding Dates

28 Feb - 01 Mar '24

Bidding Dates

Min. Investment


Min. Investment

Lot Size


Lot Size

Price Range

₹98 - ₹100

Price Range

Issue Size

1,010 Cr

Issue Size

Subscription Rate

  • Retail Individual Investor
  • Non-Institutional Investor
  • Qualified Institutional Buyers
  • 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


Over the past two years, annual net profits have improved.


Businesses with a lot of debt.


Book Value per share Improving for last 2 years.


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:

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

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Bharat Highways InvIT IPO FAQs

What are the opening and closing dates for Bharat Highways InvIT IPO?

Bharat Highways InvIT IPO will open for subscription on February 28 and close on March 01.

What is the price band for Bharat Highways InvIT IPO?

The price band for Bharat Highways InvIT IPO is ₹98 to ₹100 per share.

What is the minimum and maximum lot size for the Bharat Highways InvIT IPO?

The minimum lot size is 150 shares. 

Who are Bharat Highways InvIT IPO Lead Managers?

ICICI Securities Limited, Axis Bank Limited, HDFC Bank Limited and IIFL Securities Ltd are the Book Running Lead Managers (BRLM) to the issue.

Who is the registrar of the issue?

Kfin Technologies Limited is the registrar for Bharat Highways InvIT IPO.

When will the Bharat Highways InvIT IPO allotment take place?

The finalisation of the basis of allotment for Bharat Highways InvIT IPO will be done on March 04, 2024, and the allotted shares will be credited to investors’ demat accounts by March 05, 2024.

When and where will the Bharat Highways InvIT shares be listed?

The equity shares of Bharat Highways InvIT are proposed to be listed on March 06, 2024, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).


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