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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 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.

Bharat Road Network IPO Details

IPO Date Sep 6, 2017 to Sep 8, 2017
Listing Date Monday, September 18, 2017
Face Value ₹10 per share
Price ₹195 to ₹205 per share
Lot Size 73 Shares
Issue Size29,300,000 shares of ₹10
(aggregating up to ₹600.65 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

The Promoters of the company are:

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

Bharat Road Network IPO Tentative Timetable

Bharat Road Network IPO opens on Sep 6, 2017, and closes on Sep 8, 2017. The Bharat Road Network IPO bid date is from Sep 6, 2017 10.00 A.M. to Sep 8, 2017 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Sep 6, 2017
Closing Date Sep 8, 2017
Basis of Allotment Sep 13, 2017
Initiation of Refunds Sep 14, 2017
Credit of Shares to Demat Sep 14, 2017
Listing Date Sep 18, 2017

Bharat Road Network IPO Lot Size

The Bharat Road Network IPO lot size is 73 shares. A retail-individual investor can apply for up to 13 lots (949 shares or ₹194,545).

Application Lots Shares Amount
Retail (Min) 1 73 ₹14,965
Retail (Max) 13 949 ₹194,545

Bharat Road Network IPO Review

Company has carried forward losses that will take time for wiping off. Hence there is no harm in giving this IPO a miss. Read detail review...


Bharat Road Network IPO Subscription Status (Bidding Detail)

The Bharat Road Network IPO is subscribed 1.81 times on Sep 8, 2017 5:00:00 PM. The public issue subscribed 5.69 times in the retail category, 1.33 times in the QIB category, and 1.63 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB1.33
NII1.63
Retail5.69
Total1.81

Bharat Road Network IPO Prospectus

Bharat Road Network IPO Rating

777
3.5
Rating:Rated 3.5 stars
Vote Here ...

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
IPO Price ₹205 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹205.00
₹204.90
₹196.50
₹218.65
₹208.15
NSE
₹205.00
₹205.00
₹195.35
₹218.90
₹208.45

Company Contact Information

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

Bharat Road Network IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: brnl.ipo@karvy.com
Website: https://karisma.kfintech.com/

Bharat Road Network IPO Review

Bharat Road Network IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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IPO Broker Recommendations

Bharat Road Network IPO FAQs

Bharat Road Network IPO is a main-board IPO of 29,300,000 equity shares of the face value of ₹10 aggregating up to ₹600.65 Crores. The issue is priced at ₹195 to ₹205 per share. The minimum order quantity is 73 Shares.

The IPO opens on Sep 6, 2017, and closes on Sep 8, 2017.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Bharat Road Network IPO opens on Sep 6, 2017 and closes on Sep 8, 2017.

Bharat Road Network IPO lot size is 73 Shares and the minimum order quantity is .

You can apply in Bharat Road Network 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Bharat Road Network IPO will be done on Sep 13, 2017, and the allotted shares will be credited to your demat account by Sep 14, 2017. Check the Bharat Road Network IPO allotment status.

The Bharat Road Network IPO listing date is on Monday, September 18, 2017.
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Bharat Road Network IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members

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430 Comments

270. CHD |   Link |Oct 16, 2017 3:35:30 PM
IPO Guru IPO Guru (1100+ Posts, 500+ Likes)
Back to 630 .....?
269. R R Patel |   Link |Sep 27, 2017 8:44:38 PM
IPO Mentor IPO Mentor (800+ Posts, 3300+ Likes)
It will remain range bound below 200. New entry not suggested, instead of this buy Capacite Infraproject for handsome return.
268. HCG |   Link |Sep 23, 2017 11:01:45 PM
Buy at discount price and sale when 10-20% rise good opportunity will come
268.1. Ankitxyz |   Link |Sep 26, 2017 5:39:53 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Dont try to catch a falling knife
267. Solution of Queries |   Link |Sep 18, 2017 11:33:58 AM
IPO Guru IPO Guru (1100+ Posts, 1400+ Likes)
giving chance to exit in profit.
267.1. Solution of Queries |   Link |Sep 20, 2017 12:02:37 AM
IPO Guru IPO Guru (1100+ Posts, 1400+ Likes)
already said when it was above issue price ....now 190.00
266. R R Patel |   Link |Sep 19, 2017 5:51:12 PM
IPO Mentor IPO Mentor (800+ Posts, 3300+ Likes)
Good for that who exited around 215. Now forget it forever. By the way i have not applied so happy in dixon.
265. KING VINOD |   Link |Sep 19, 2017 5:03:28 PM
IPO Guru IPO Guru (1700+ Posts, 3400+ Likes)
BRNL closed 8% down today
264. Kailash Kumar |   Link |Sep 19, 2017 4:46:10 PM
today it went down by 7%
263. Yogesh Kumar Sharma |   Link |Sep 18, 2017 5:10:01 PM
BRNL ipo listed today at 205 now 208.45.
IPO rakhu ya nikaal du any quairy
262. Kailash Kumar |   Link |Sep 18, 2017 1:25:34 PM
I sold at 213.20
262.1. Chahal |   Link |Sep 18, 2017 4:35:08 PM
I sold at 215
261. kumar babu |   Link |Sep 18, 2017 11:11:52 AM
today it will close at 230, mark my words
261.1. KING VINOD |   Link |Sep 18, 2017 2:51:11 PM
IPO Guru IPO Guru (1700+ Posts, 3400+ Likes)
Impossible to go 230. it will not go behind 220 today.
261.2. P M |   Link |Sep 18, 2017 3:24:23 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Impossible word not suitable in case of share market,
It may be negligible or less than 1% chances to cross 220
260. phrao |   Link |Sep 18, 2017 1:55:56 PM
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
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
259. IPO Fanatic |   Link |Sep 18, 2017 12:20:42 PM
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.
258. DSR |   Link |Sep 18, 2017 12:14:36 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
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.
257. Puneet Tiwari |   Link |Sep 18, 2017 11:06:31 AM
Book loss at current level, may go up to 170 levels today...
256. P M |   Link |Sep 18, 2017 10:54:56 AM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Open price (BSE) - 204.9 Traded Qty. 21,776
Open price (NSE) - 205 Traded Qty. 2,712,986
255. Puneet Tiwari |   Link |Sep 18, 2017 10:43:43 AM
BRNL            205.00      -      0.00      205.00      24,43,910      5,010.02
254. P M |   Link |Sep 18, 2017 10:38:56 AM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Current Indicative Equilibrium Price (NSE) - 180
254.1. Puneet Tiwari |   Link |Sep 18, 2017 10:42:42 AM
BRNL            170.05      -34.95      -17.05      205.00      11,54,570      1,963.35
253. P M |   Link |Sep 18, 2017 10:20:02 AM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Current Indicative Equilibrium Price (NSE) - 153.75
252. P M |   Link |Sep 18, 2017 10:14:47 AM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Current Indicative Equilibrium Price (NSE) - 215
251. phrao |   Link |Sep 17, 2017 10:37:06 PM
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
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.....
251.1. we earn |   Link |Sep 17, 2017 10:47:32 PM
Vachhe tu chup rahega to accha hoga????????????????