1. Home
  2. IPO
  3. Title

Bharat Road Network Limited IPO

Add to Calendar 2017-06-09 12:00 AM 2017-08-09 12:00 AM Asia/Kolkata Bharat Road Network Limited IPO Bharat Road Network Limited India

Introduction: Bharat Road Network Limited is involved in the development, operations and maintenance of road and highway projects in the country. It’s a subsidiary of SREI infrastructure.  

Date of Establishment: Company was incorporated in the year 2006. 

Product & Service Offering: BRNL offers project management services to state governments which includes design, engineering, quality control, construction management, project consultation and many other project management related services.

Customer Segment: The company serve state governments through its offerings.  

Promoters of Bharat Road Network Ltd: The promoter of the company are

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

Objects of the Fresh Issue: The object of the issue is to

  1. For part financing of the STPL Project in the form of interest free unsecured loans

  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

  3. leverage the benefits of getting listed on exchanges

  4. providing easy exit to current investors.

  5. General corporate purposes

Company Financials:

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)

 

Issue Detail

  • Issue Open: Jun 09, 2017
  • Issue Close: Aug 09, 2017
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 195 - Rs 205 Per Equity Share
  • Bid Lot:73 Shares
  • Minimum Order Quantity:73 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 600.65 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 21,975,000 4,395,000 2,930,000 - - 29,300,000
Day 1 - Sep 06, 2017IST 0.1900 0.0100 0.7600 - - 0.2200
Day 2 - Sep 07, 2017IST 0.5200 0.6300 2.0700 - - 0.7000
Day 3 - Sep 08, 2017IST 1.3300 1.6300 5.6900 - - 1.8100

Listing Day Trading Information

- BSE NSE
Issue Price Rs 205.00 Rs 205.00
Open Rs 204.90 Rs 205.00
Low Rs 196.50 Rs 195.35
High Rs 218.65 Rs 218.90
Last Trade Rs 208.15 Rs 208.45
Volume 5,105,417 34,611,381

Bharat Road Network Limited Red Herring Prospectus

Bharat Road Network Limited User Rating

Votes
0

Bharat Road Network Limited Life IPO Reviews

View All Review

Bharat Road Network Limited IPO News & Updates

View All IPO News & Updates

Frequently Asked Questions

Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.

Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.

Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker
View All FAQ

Latest IPO

  • Find out which all IPOs are going to hit the Stock Exchanges and probably providing an opportunity for investors to make money Read More>>

  • Investing in an IPO has always been a point of discussion amongst investors and with the recent increase in the number of companies going public, the discussion is catching more attention. While this article attempts to answer the question, let us start b Read More>>

  • Once you have invested in an IPO the next thing to concern yourself about is to have an exit strategy in order to maximize your gains. In order to have an efficient exit strategy, there are certain factors to take note on. This article will try to explain Read More>>

IPO Events Calendar

Go
Sun
Mon
Tues
Wed
Thu
Fri
Sat

IPO Updates on Facebook

Get the latest IPO updates on your Facebook feeds.
Click here to Join Us on Facebook.

Comments

Start IPO Trading through SAMCO

Don't have a Trading Account !!!
Open an account with Samco and Do IPO Trading for Just Rs 20. For more details, share your contact details with us