Bharat Road Network Limited: Initial Public Offering of the firm is proposed to get listed soon at both of the Exchanges i.e. Bombay Stock Exchange and National Stock Exchange. The investors can get all relevant details of the IPO like Price Band and Dates, Company Profile, Allotment Status, Listing Dates etc.  The firm has drafted a Red Herring Prospectus to get approval for the same from the Regulatory firm Securities Board of India. The IPO is expected to launch as on September 6, 2017 with a price band of Rs. 195 – Rs. 205 Per Equity Shares. The lot size of applying the IPO is 73 Shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investors stood at Rs. 2 lacs.

The company has 29,300,000 equity shares of Public issue with a face value Rs. 10 each.

Company Profile:- The company was incorporated on December 22, 2006 at Kolkatta, India. The company is popular as a best developer and operator for highways and road and related projects on a BOT basis. It is dealing mainly in development implementation, operation and maintenance of roads/highways projects. The firm operates all its projects through special vehicles or either through its Subsidiaries or in partnership with other infrastructure players. Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra and Odisha are the special working area in India for its projects. The firm provides the facility to manage all projects related functions like designing, engineering, EPC management and quality control including project advisory activities as project management consultancy, project conceptualization, commissioning, operation and management of the projects during the entire life cycle of its running projects.

 

Positive Outlook of the Firm:-

1) Offering various projects in different states of India;

2) Successful to maintain a strong relationship with experienced domestic and international EPC players;

3) Ability to effectively finance and manage its projects;

4) Qualified and experienced Corporate Promoter;

5) Capable and professional management team.

 

Objects of the Issue:-

  1. Advancing of subordinate debt in form of interest free unsecured loan to its Subsidiary, STPL, for part financing of the STPL Project (“STPL Sponsor Investment”);
  2. Acquisition of the subordinated debt in the form of unsecured loans/OCPIDs/warrants/OCDs, advanced/held By SREI to STPL, KEPL and MTPL (“Identified SPVs”); and
  3. For General purpose

 

Summary of Issue:

Issue Open:- Sep 06, 2017 To Sept 08, 2017
Issue Type Book Build Issue IPO
Issue Size (Shares) [29300000] Equity Shares
Issue Size in (Value) (Rs. 600.65 crore)
Face Value Rs. 10 Per Equity Share
Issue Price Rs. 195 – Rs. 205 Per Equity Shares
Market lots 73 Shares
Minimum Order Quantity 73 Shares
Listing At NSE, BSE

Important dates for Bharat Road Network Limited IPO Allotment Status

  • The Allotment date for Bharat Road Network IPO issue is expected to be Sep 11, 2017
  • The amount will get unblocked on 12, 2017
  • The Shares are expected to credited in DP accounts on12, 2017
  • The Shares of Bharat Road Network are likely to be listed 13, 2017 on both BSE and NSE.

 

Bharat Road Network Limited IPO Allotment Status

Bharat Road Network IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. Click on the given link See Allotment Status here
  2. Go to Application Status
  3. Select IPO as Bharat Road Network IPO
  4. Enter you PAN Number or Application Id or DP Client Id.

It takes little time to fetch information so you need to be little patient.

 

Promoters of the Company:-

  1. SREI Infrastructure Finance Limited (“SREI”)
  2. Make in India Fund

 

Financials:-

Particulars For the year/Period ended (Rs. in Millions)
Financial Year 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total  Equity & Liabilities 5747.23 4068.53 3188.99 3850.63 3214.04
Total Assets 5747.23 4068.53 3188.99 3850.63 3214.04
Total Revenue 201.50 73.45 435.21 109.60 30.58
Total Expenses 127.96 37.58 342.31 13.02 2.66
Profit After Tax (PAT) (307.50) (466.75) (63.11) (500.71) 166.28

Book Running Lead Managers Details:-

1) INGA CAPITAL PRIVATE LIMITED

Naman Midtown, ‘A’ Wing, 21st floor,

Senapati Bapat Marg, Elphinstone (West),

Mumbai – 400 013, Maharashtra, India

Tel: +91 22 4031 3489

Fax: +91 22 4031 3379

E-mail: brnl.ipo@ingacapital.com

Investor Grievance E mail:

investors@ingacapital.com

Website: www.ingacapital.com

Contact Person: Mr. Ashwani Tandon

SEBI Regn. No.: INM000010924

 

2) INVESTEC CAPITAL SERVICES (INDIA) PRIVATE LIMITED

607A, 6th floor, A Wing, The Capital,

Bandra Kurla Complex, Mumbai – 400 051,

Maharashtra, India

Tel: +91 22 61367400

Fax: +91 22 61367495

E-mail: brnlipo@Investec.co.in

Investor Grievance E mail:

Regulator-Correspondence@investec.co.in

Website: https://www.investec.com/india.html

Contact Person: Ms. Seethalakshmy Narayanan

SEBI Regn. No.: INM000011971

 

3) SREI CAPITAL MARKETS LIMITED*

‘Vishwakarma’, 86C, Topsia Road (South),

Kolkata – 700 046,

West Bengal, India

Tel: +91 33 6602 3845

Fax: +91 33 2285 7542

E-mail: capital@srei.com

Investor Grievance E mail:

scmlinvestors@srei.com

Website: www.srei.com

Contact Person: Mr. Manoj Agarwal

SEBI Regn. No.: INM000003762

 

Registrar To The Issue:-

KARVY COMPUTERSHARE PRIVATE LIMITED

Karvy Selenium Tower B, Plot 31-32,

Gachibowli, Financial District,

Nanakramguda,

Hyderabad – 500 032, Telangana, India

Tel: +91 40 6716 2222

Fax: +91 40 2343 1551

E-mail: brnl.ipo@karvy.com

Investor Grievance E mail: einward.ris@karvy.com

Website: www.karvycomputershare.com

Contact Person: Mr. Murali Krishna M

SEBI Regn. No.: INR000000221

 

Registered Office Details:-

Mirania Gardens, 10B/1, Topsia Road (East)

Kolkata – 700 046, West Bengal, India;

Tel:+91 33 4409 9140;

Fax:+91 33 6602 3243;

Corporate Office: 5th Floor (north east block),

Vishwakarma Building, 86C Topsia Road (South)

Kolkata – 700 046, West Bengal, India;

Tel: +91 33 6602 3609;

Fax: +91 33 6602 3243;

Corporate Identity Number: U45203WB2006PLC112235;

Email:corporate@brnl.in;

Website: www.brnl.in;

Contact Person: Mr. Sanjay Banka, Chief Financial Officer, Company Secretary and Compliance Officer;

Tel:+91 33 6602 3078;

Fax:+91 33 6602 3243;

Email:cs@brnl.in

 

To Download Bharat Road Network IPO Application Form click here