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.
The Promoters of the company are:
1. Srei Infrastructure Finance Limited ("SREI")
2. Make in India Fund
|Particulars||For the year/period ended (in Rs. million)|
|Profit After Tax||(738.85)||(925.44)||(264.22)||(607.61)||(168.77)|
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 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
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||21,975,000||4,395,000||2,930,000||29,300,000|
|Day 1 - Sep 6, 2017 17:00 IST||0.1900||0.0100||0.7600||0.2200|
|Day 2 - Sep 7, 2017 17:00 IST||0.5200||0.6300||2.0700||0.7000|
|Day 3 - Sep 8, 2017 17:00 IST||1.3300||1.6300||5.6900||1.8100|
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