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Open
6 Sep 2017
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Close
8 Sep 2017
3
Allotment
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Listing
Mon, Sep 18, 2017
Price Band
₹195 to ₹205
Issue Size
2,93,00,000 shares (agg. up to ₹601 Cr)
Lot Size
73 Shares
Listing Date
Mon, Sep 18, 2017
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.55x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|
| Assets | 574.72 | 406.85 | 318.90 |
| Total Income | 20.15 | 7.35 | 43.52 |
| Profit After Tax | -30.75 | -46.68 | -6.31 |
| NET Worth | 421.73 | -110.55 | -63.86 |
| Reserves and Surplus | 367.09 | -120.54 | -73.86 |
| Total Borrowing | 149.95 | 512.71 | 376.76 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| PSP Projects Ltd. | Mainboard | ₹211.68 Cr | ₹210 | null | ₹199.50 | -5.00% | ₹1,056.20 (-1.59%) |
| Manav infra projects Ltd. | SME | ₹5.51 Cr | ₹30 | null | ₹24.00 | -20.00% | ₹31.40 (-4.99%) |
| Univastu India Ltd. | SME | ₹5.99 Cr | ₹40 | null | ₹40.20 | +0.50% | ₹119.53 (+1.02%) |
| Transwind Infrastructures Ltd. | SME | ₹7.29 Cr | ₹27 | null | ₹32.40 | +20.00% | ₹13.15 (+4.78%) |
| Akash Infra-Projects Ltd. | SME | ₹25.50 Cr | ₹125 | null | ₹128.15 | +2.52% | ₹26.95 (-0.26%) |
| Mewar Hi-Tech Engineering Ltd. | SME | ₹2.34 Cr | ₹22 | null | ₹26.40 | +20.00% | ₹65.00 (+0.00%) |
| Shashijit Infraprojects Ltd. | SME | ₹3.49 Cr | ₹15 | null | ₹15.25 | +1.67% | ₹2.43 (-3.19%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | STPL Sponsor Investment | 51.47 |
| 2 | Acquisition of the subordinated debt in the form of unsecured loans/ OCPIDs/ warrants/ OCDs, advanced/held by SREI to/in the Identified SPVs | 372.25 |
| 3 | General corporate purposes | 144.12 |
About Bharat Road Network IPO
Incorporated in 2006, Bharat Road Network Limited, a subsidiary of SREI Infrastructure Finance Ltd is engaged in the business of development, implementation, operation, and maintenance of roads/highways projects.Bharat Road involved in the development, operation and maintenance of national and state highways in several states in India with projects in states of Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra and Odisha through partnerships with experienced EPC players in the local space where the project is located.Company offers a range of project management services, including design, engineering, and quality control, as well as engineering, processing, and construction management; and project advisory services, such as project management consultancy, project conceptualization, commissioning, and operation and management of the projects, as well as undertakes debt syndication, refinancing, and financial restructuring of its projects.Their project portfolio consisting of six (6) BOT Projects, of which two (2) are Projects operational under Final COD, three (3) are Projects operational under Provisional COD and one (1) is a Project under Construction.+ Read More
Contact Details
Bharat Road Network Ltd. AddressMirania Gardens10B/1, Topsia Road (East)Kolkata, West Bengal, 700046+91 33 4409 9140corporate@brnl.inVisit Website