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

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