Bharat Road Network Limited IPO

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Business description from prospectus – Bharat Road Network is involved in operating toll based BOT Projects wherein we have the right to collect toll or user fees. Our Company performs a range of project management functions, including design, engineering, EPC management and quality control. We also provide project advisory activities including, project management consultancy, project conceptualisation, commissioning, operation and management of the projects during the entire life cycle of our projects. We also undertake debt syndication, refinancing and financial restructuring of our projects.
We have a project portfolio consisting of six BOT Projects, of which two are Projects operational under Final COD, three are Projects operational under Provisional COD and one is a Project under Construction. Our Projects operational under Final COD and Projects operational under Provisional COD are located in the states of Kerala, Madhya Pradesh, and Haryana, Uttar Pradesh and Odisha, respectively. Our Project under Construction is located in the state of Maharashtra. Our Projects operational under Final COD and Projects operational under Provisional COD cover approximately 1,622.44 lane kms, including major and minor bridges and approximately 12 lane kms and 60.72 lane kms are under construction at the GAEPL Project and SJEPL Project, respectively for which we are awaiting final COD. Our Project under Construction involves development of 400.24 lane kms, including major and minor bridges.

Bharat Road Network Limited IPO Stock Quote & Charts

153.65

+0.16%

  • Open: 152.05
  • High - Low: 154.00 - 149.75
  • Previous Close: 153.40
  • Total Traded Volume: 3566
  • Updated On: 24-Sep-2018

Objects of the Bharat Road Network Limited IPO:

1. Advancing of subordinate debt in form of interest free unsecured loan to their Subsidiary, STPL, for part financing of the STPL Project ("STPL Sponsor Investment") 2. Acquisition of the subordinated debt in the form of unsecured loan s/OCPIDs/warrants/OCDs, advanced/held by SREI to STPL, KEPL and MTPL ("Identified SPVs") 3. Benefits of listing of its Equity Shares on the Stock Exchanges 4. General corporate purposes

Bharat Road Network Limited IPO Details:

Open Date: Sep 06 2017
Close Date: Sep 08 2017
Total Shares: 29,300,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Built Issue IPO
Issue Size: 600.65 Cr.
Lot Size: 73 Shares
Issue Price: ₹ 195-205 Per Equity Share
Listing At: NSE,BSE
Listing Date: Sep 18 2017

Promoters And Management:

1. Srei Infrastructure Finance Limited ("SREI") 2. Make in India Fund

Financials of Bharat Road Network Limited IPO:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 12,323.91 8,368.03 6,289.65 5,159.45 3,277.50
Total Revenue 149.28 42.52 414.88 96.40 30.59
Profit After Tax (738.85) (925.44) (264.22) (607.61) (168.77)

Lead Manager of Bharat Road Network Limited IPO:

  1. INGA Capital Private Limited
  2. Investec Capital Services (India) Private Limited

Registrar of Bharat Road Network Limited IPO:

  1. Karvy Computershare Private Limited

Company Address:

Bharat Road Network Limited Mirania Gardens, 10B/1, Topsia Road (East), Kolkata – 700 046 Phone: +91 33 4409 9140 Fax: +91 33 6602 3243 Email: corporate@brnl.in Website: www.brnl.in

25th Sep 2018 - 27th Sep 2018 => Aavas Financiers IPO

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