Bharat Road Network Limited IPO
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.
Objects of the Issue:
Listing Date: Sep 18 2017
|Open Date:||Sep 06 2017|
|Close Date:||Sep 08 2017|
|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 Date:||Sep 18 2017|
Promoters And Management:
|Particulars||For the year/period ended (in Rs. million)|
|Profit After Tax||(738.85)||(925.44)||(264.22)||(607.61)||(168.77)|