IPO

Bharat Road Network Limited IPO

Mainboard

Offer Date: Sep 6, 2017 - Sep 8, 2017

₹ 14965 /73 Shares

06 Sep, 2017

Open Date

08 Sep, 2017

Close Date

14 Sep, 2017

Allotment Date

18 Sep, 2017

Listing Date
IPO Issue Details
  • Issue Price
  • Face Value Rs 10 Per Equity Share .
  • Issue Price 2,93,00,000 Equity Shares of Rs 10 aggregating up to Rs 600.65 Cr 
  • Listing at BSE, NSE
  • Lead Manager
  • Registrar Karvy Computershare Private Limited
IPO Details
  • Retail Portion N/A
IPO Details


The IPO of is priced at ₹195 - 205 per equity share, which has a face value of Rs 10 Per Equity Share . each, IPO bidding starts from Sep 6, 2017 and ends on Sep 8, 2017. The allotment for IPO will be finalized on Sep 14, 2017. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 18, 2017. The company shall list its equity shares on the BSE, NSE. Karvy Computershare Private Limited is the registrar of the issue.



The IPO sets its price band at 195 - 205 for each share. A single application for Bharat Road Network Limited IPO must contain at least 73 shares.

Read More
IPO Subscription Analysis And Details
Retail
5.16x
QIB
1.33x
NII
1.63x
Total
1.75x
As on QIB NII Retail Total
Shares Offered / Reserved 2,19,75,000 43,95,000 29,30,000 2,93,00,000
Day 1 06-09-17
0.19 x 0.01 0.76 x 0.22 x
Day 2 07-09-17
0.53 x 0.63 2.07 x 0.70 x
Day 3 08-09-17
1.33 x 1.63 5.16 x 1.75 x
Valuations
Earnings Per Share (EPS) Rs - (26.51)
P/E Ratio NM
RoNW - (7.29%)
Net Asset Value (NAV) Rs. 78.64
IPO - Issue Objectives
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 loans/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

4

General Corporate purpose