Bharat Highways InvIT

Infrastructure Investment Trusts

Offer Period :

28th to 3rd Mar 2024

Bharat Highways Infrastructure Investment, a SEBI-regulated infrastructure investment trust, specializes in managing and investing in Indian infrastructure assets. Its portfolio includes seven HAM-based roads across Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh, with ownership and Read more... operation rights from NHAI. The Trust, holding a CRISIL AAA/Stable rating, has a right of first refusal agreement with GRIL for additional assets.Read less

Bharat Highways InvIT IPO Details

IPO Date 28th to 3rd Mar 2024 Minimum Investment ₹15000 / 1 Lots
Listing Date 2024-03-12 Maximum Investment ₹195000 / 13 Lots
Face Value ₹100 per share Total Issue Size ₹2500 Crores
Price ₹100 to ₹100 per share Fresh Issue ₹2500 Crores
Lot Size 1 Lots (150 Shares) Offer For Sale ₹ 0
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 28th to 3rd Mar 2024
Listing Date 2024-03-12
Face Value ₹100 per share
Price ₹100 to ₹100 per share
Lot Size 1 Lots (150 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹15000 / 1 Lots
Maximum Investment ₹195000 / 13 Lots
Total Issue Size ₹2500 Crores
Fresh Issue ₹2500 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

28th Feb

IPO Starts

1st Mar

IPO Ends

6th Mar

Allotment Date

7th Mar

Initiation of Refund

7th Mar

Credit of Shares to Demat Account

12th Mar

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 0 0
Public Group 100 100

Bharat Highways InvIT IPO Reservation

QIB Shares Offered 75000000(30%)
NII (HNI) Shares Offered 62500000(25%)
Retail Shares Offered 0(0%)
Anchor Investor Shares Offered 112500000(45%)
Total Shares Offered 250000000
Total Shares With Anchor Investor 250000000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Bharat Highways InvIT IPO Registrar

KFin Techologies Ltd
Phone Number +91 49 6716 2222
Email Id bharathighways.invit@kfintech.com
Our Website www.kfintech.com

Bharat Highways InvIT IPO Lead Manager

1. ICICI Securities Ltd

2. Axis Capital Ltd

3. HDFC Bank Ltd

4. IIFL Securities Ltd

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Bharat Highways InvIT IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Bharat Highways InvIT

1. Sizeable portfolio of stable revenue generating assets with no construction risk and long-term predictable cash flows;

2. Geographically diversified road asset portfolio and revenue base;

3. Consistent track record in operating and maintaining projects in the roads sector in India;

4. Attractive industry sector with strong underlying fundamentals and favourable government policies;

5. Growth opportunities and rights to expand portfolio of assets;

6. Skilled and experienced management team with industry experience with a focus on corporate governance.

Risks Involved

1. The InvIT is a newly settled trust and does not have an established operating history, which will make it difficult to accurately assess itd future growth prospects.

2. Consummation of the Formation Transactions pursuant to which it will acquire the Project SPVs is subject to certain conditions.

3. Its failure and inability to identify and acquire new infrastructure assets that generate comparable revenue, profits or cash flows may have an adverse effect on its business, financial condition, cash flows and results of operations and its ability to make distributions.

4. All of its revenue from it InvIT Assets is dependent on receiving consistent annuity income from NHAI.

5. If any of its InvIT Assets are terminated prematurely, its may not receive payments due to it which may result in a material adverse effect on its financial condition.

6. If its fail to maintain the roads constructed by it pursuant to and as per the relevant contractual requirements, its may be subject to penalties or even termination of it contracts, which may have a material adverse effect on its reputation, business, financial condition, results of operations and cash flowsIf its fail to maintain the roads constructed by it pursuant to and as per the relevant contractual requirements, its may be subject to penalties or even termination of it contracts, which may have a material adverse effect on its reputation, business, financial condition, results of operations and cash flows.

7. Its may be subject to increase in costs, including O&M costs, which it cannot recover by increasing annuity income under the relevant Concession Agreement.

8. There are risks associated with the potential acquisition of the ROFO Assets by the InvIT pursuant to the ROFO Agreement.

9. Its may face limitations and risks associated with debt financing, refinancing and restrictions on investment, which may adversely affect its operations and its ability to make distributions to Unitholders.

10. The acquisition by the InvIT of the Project SPVs from GRIL may be subject to certain risks, which may result in damages and losses, and conditions that may prevent the InvIT from acquiring the Project SPVs, operating and maintaining the InvIT Assets or providing debt financing to them.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024
Total Assets 6259.41
Total Liabilities 6259.41
Total Expenses 108.9
Total Revenue 
128.62
Profit After Tax 14.81
EBITDA 44.7
Adjusted EBITDA 0

Bharat Highways InvIT IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-03-12 544137 BHINVIT
INE0NHL23019
₹100 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹100 ₹100
Open ₹101 ₹101.1
Low ₹101 ₹101.1
High ₹104 ₹103.55
Low ₹101 ₹101.1

Frequently Asked Questions

What is Bharat Highways InvIT IPO?

Answer Field

Bharat Highways InvIT IPO is a Mainboard IPO of 25,00,00,000 equity shares of a face value of ₹100 aggregating up to ₹2500 Crores. The issue is priced at ₹100 to ₹100 per share. The minimum order quantity is 150 Shares. The IPO opens on February 28, 2024, and closes on March 01, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Bharat Highways InvIT IPO will open?

Answer Field

The Bharat Highways InvIT IPO opens on February 28, 2024 and closes on March 01, 2024.

What is the lot size of Bharat Highways InvIT?

Answer Field

Bharat Highways InvIT lot size is 150 shares, and the minimum amount required is ₹15,000.

How to apply for Bharat Highways InvIT IPO?

Answer Field

You can apply in Bharat Highways InvIT IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Bharat Highways InvIT IPO allotment?

Answer Field

The finalization of Basis of Allotment for Bharat Highways InvIT IPO will be done on March 06, 2024, and the allotted shares will be credited to your demat account by March 07, 2024.

When is Bharat Highways InvIT IPO listing date?

Answer Field

The Bharat Highways InvIT listing date is March 12, 2024.

Who is the registrar of Bharat Highways InvIT IPO?

Answer Field

The registrar of Bharat Highways InvIT IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

ICICI Securities Ltd,Axis Capital Ltd,HDFC Bank Ltd,IIFL Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Bharat Highways InvIT IPO?

Answer Field

The fresh issue size is ₹2500 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Bharat Highways InvIT?

Answer Field

Retail investors can subscribe to a minimum of one lot, 150 shares and ₹15,000 amount.

How can I approve the UPI mandate request for Bharat Highways InvIT IPO?

Answer Field

To apply for Bharat Highways InvIT IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Bharat Highways InvIT?

Answer Field

The price of each Bharat Highways InvIT share will be ranging in between ₹100 to ₹100 per share.

What is the cut-off time for the UPI mandate for Bharat Highways InvIT IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, March 01, 2024.

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