Bharat Road Network Limited IPO
.jpg)
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
-
For part financing of the STPL Project in the form of interest free unsecured loans
-
Acquisition of the subordinated debt in the form of unsecured loan s/OCPIDs/warrants/OCDs, advanced/held by SREI to STPL, KEPL and MTPL
-
leverage the benefits of getting listed on exchanges
-
providing easy exit to current investors.
-
General corporate purposes
Company Financials:
| 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 | |
Listing Day Trading Information
| - | BSE | NSE |
|---|---|---|
| Issue Price | ||
| Open | ||
| Low | ||
| High | ||
| Last Trade | ||
| Volume |