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Bharat Road Network Limited IPO (Bharat Road Network IPO) Detail

Sep 6, 2017 - Sep 8, 2017

Incorporated in 2006, Bharat Road Network Limited, a subsidiary of SREI Infrastructure Finance Ltd is engaged in the business of development, implementation, operation, and maintenance of roads/highways projects.

Bharat Road involved in the development, operation and maintenance of national and state highways in several states in India with projects in states of Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra and Odisha through partnerships with experienced EPC players in the local space where the project is located.

Company offers a range of project management services, including design, engineering, and quality control, as well as engineering, processing, and construction management; and project advisory services, such as project management consultancy, project conceptualization, commissioning, and operation and management of the projects, as well as undertakes debt syndication, refinancing, and financial restructuring of its projects.

Their project portfolio consisting of six (6) BOT Projects, of which two (2) are Projects operational under Final COD, three (3) are Projects operational under Provisional COD and one (1) is a Project under Construction.

Company Promoters:

The Promoters of the company are:

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

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)

Objects of the Issue:

The object of the issue are:

1. Advancing of subordinate debt in form of interest free unsecured loan to their Subsidiary, STPL, for part financing of the STPL Project ("STPL Sponsor Investment");
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 ("Identified SPVs");
3. Benefits of listing of its Equity Shares on the Stock Exchanges; and
4. General corporate purposes.

Issue Detail:

  »»  Issue Open: Sep 6, 2017 - Sep 8, 2017
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 29,300,000 Equity Shares of Rs 10 aggregating up to Rs 600.65 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 195 - Rs 205 Per Equity Share
  »»  Market Lot: 73 Shares
  »»  Minimum Order Quantity: 73 Shares
  »»  Listing At: BSE, NSE

Bharat Road Network IPO Reviews:

  1. Bharat Road Network Limited IPO review by Dilip Davda

Bharat Road Network IPO Recommendations:

Capital Market Review

Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved21,975,0004,395,0002,930,00029,300,000
Day 1 - Sep 6, 2017 17:00 IST0.19000.01000.76000.2200
Day 2 - Sep 7, 2017 17:00 IST0.52000.63002.07000.7000
Day 3 - Sep 8, 2017 17:00 IST1.33001.63005.69001.8100

Bharat Road Network IPO Prospectus

Bharat Road Network IPO Rating

777
3.5
Rating:Rated 3.5 stars

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Bharat Road Network IPO Listing Date

  •   ›  Listing Date: Monday, September 18, 2017
  •   ›  BSE Script Code: 540700
  •   ›  NSE Symbol: BRNL
  •   ›  Listing In: 'B' Group of Securities
  •   ›  ISIN: INE727S01012
  •   ›  Issue Price: Rs 205 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

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

Bharat Road Network IPO News Alerts

  1. Monday, September 18, 2017 12:00:00 AM
    Bharat Road Network Limited IPO - Listing
  2. Friday, September 8, 2017 12:00:00 AM
    Bharat Road Network Limited IPO - Close
  3. Wednesday, September 6, 2017 12:00:00 AM
    Bharat Road Network Limited IPO - Open

Company Contact Information

Bharat Road Network Limited
Mirania Gardens,
10B/1, Topsia Road (East),
Kolkata – 700 046
Phone: +91 33 4409 9140
Fax: +91 33 6602 3243
Email: corporate@brnl.in
Website: http://www.brnl.in

Bharat Road Network IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: brnl.ipo@karvy.com
Website: http://karisma.karvy.com

Bharat Road Network IPO Lead Manager(s)

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Bharat Road Network IPO Review / Comments

avatar
265. HCG  Sep 23, 2017 10:01:45 PM IST I Like It. | Report Abuse Reply
Buy at discount price and sale when 10-20% rise good opportunity will come
avatar
265.1. Ankitxyz  Sep 26, 2017 4:39:53 AM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Dont try to catch a falling knife
avatar
264. Solution of Queries  Sep 18, 2017 10:33:58 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
giving chance to exit in profit.
avatar
264.1. Solution of Queries  Sep 19, 2017 11:02:37 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
already said when it was above issue price ....now 190.00
avatar
263. R R Patel  Sep 19, 2017 4:51:12 PM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 800+ Likes)
Good for that who exited around 215. Now forget it forever. By the way i have not applied so happy in dixon.
avatar
262. KING VINOD  Sep 19, 2017 4:03:28 PM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
BRNL closed 8% down today
avatar
261. Kailash Kumar  Sep 19, 2017 3:46:10 PM IST I Like It. | Report Abuse Reply
today it went down by 7%
avatar
260. Yogesh Kumar Sharma  Sep 18, 2017 4:10:01 PM IST I Like It. | Report Abuse Reply
BRNL ipo listed today at 205 now 208.45.
IPO rakhu ya nikaal du any quairy
avatar
259. Kailash Kumar  Sep 18, 2017 12:25:34 PM IST I Like It. | Report Abuse Reply
I sold at 213.20
avatar
259.1. Chahal  Sep 18, 2017 3:35:08 PM IST I Like It. | Report Abuse
I sold at 215
avatar
258. kumar babu  Sep 18, 2017 10:11:52 AM IST I Like It. 1 | Report Abuse Reply
today it will close at 230, mark my words
avatar
258.1. KING VINOD  Sep 18, 2017 1:51:11 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Impossible to go 230. it will not go behind 220 today.
avatar
258.2. P M  Sep 18, 2017 2:24:23 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Impossible word not suitable in case of share market,
It may be negligible or less than 1% chances to cross 220
avatar
257. phrao  Sep 18, 2017 12:55:56 PM IST I Like It. | Report Abuse Reply
Don''t sell Bright future.
Fear people''s all are exited today.
Tomorrow on wards up movement.
I THINK worst IS OVER IN THIS SHARE
avatar
256. IPO Fanatic  Sep 18, 2017 11:20:42 AM IST I Like It. 2 | Report Abuse Reply
when IPOs like Bharat Roads are listed at premium, then it means that its time to be cautious. People are just looking to buy anything which is falling in their hands. I hope Market will come to its senses soon.
avatar
255. DSR  Sep 18, 2017 11:14:36 AM IST I Like It. | Report Abuse Reply
Even this is not listed at discount... strange there must be some things we are missing.
Or now a days almost every IPO is giving profit.
avatar
254. Puneet Tiwari  Sep 18, 2017 10:06:31 AM IST I Like It. | Report Abuse Reply
Book loss at current level, may go up to 170 levels today...
avatar
253. P M  Sep 18, 2017 9:54:56 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Open price (BSE) - 204.9 Traded Qty. 21,776
Open price (NSE) - 205 Traded Qty. 2,712,986
avatar
252. Puneet Tiwari  Sep 18, 2017 9:43:43 AM IST I Like It. | Report Abuse Reply
BRNL            205.00      -      0.00      205.00      24,43,910      5,010.02
avatar
251. P M  Sep 18, 2017 9:38:56 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Current Indicative Equilibrium Price (NSE) - 180
avatar
251.1. Puneet Tiwari  Sep 18, 2017 9:42:42 AM IST I Like It. | Report Abuse
BRNL            170.05      -34.95      -17.05      205.00      11,54,570      1,963.35
avatar
250. P M  Sep 18, 2017 9:20:02 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Current Indicative Equilibrium Price (NSE) - 153.75
avatar
249. P M  Sep 18, 2017 9:14:47 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Current Indicative Equilibrium Price (NSE) - 215
avatar
248. phrao  Sep 17, 2017 9:37:06 PM IST I Like It. | Report Abuse Reply
Every one said in this forum EARN HIGH PROFIT AND SELL AT MAX...2200,2300,2400,2500,3000,4000......
IT IS OKAY
.....
BUT WHERE IS THE BUYERS.
WHERE IS THE LOSS TAKER''S.....
avatar
248.1. we earn  Sep 17, 2017 9:47:32 PM IST I Like It. | Report Abuse
Vachhe tu chup rahega to accha hoga😂😂😂😂
avatar
247. Aniketiaf  Sep 17, 2017 7:49:18 PM IST I Like It. 1 | Report Abuse Reply
I think it will list @ minimum 10% discount.
Listing k baad Bharat Road ka haal HPL electric
And power k jaisa hone ki samvabna hai jiski listing 1 saal pahle hui the.
One more thing, HPL ELECTRIC AND POWER EK PROFITABLE COMPANY THE.
avatar
246. R R Patel  Sep 16, 2017 10:27:56 PM IST I Like It. 4 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 800+ Likes)
This IPO may be a good lesson for retail investors.
avatar
246.4. phrao  Sep 17, 2017 11:34:35 AM IST I Like It. | Report Abuse
I think it is +ve lesson. There is no panic
avatar
246.5. hunny  Sep 17, 2017 4:39:23 PM IST I Like It. | Report Abuse
Is that list in + or negative
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