Bharat Highways Infrastructure Investment Trust IPO

28 Feb 2024 - 01 Mar 2024 Individual Category IPO NSE

Min Investment

₹15000

Price Band

₹98-₹100

Issue Size

2500 lakhs
Equity Shares

Lot Size

150

IPO Dates
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28 Feb 2024

Open Date

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01 Mar 2024

Close Date

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04 Mar 2024

Allotment Date

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06 Mar 2024

Listing Date

Bharat Highways Infrastructure Investment Trust is coming up with its Initial Public Offering. This IPO is open for subscription from Wednesday, February 28, 2024 and will close on Friday, March 1, 2024. The price band is decided at Rs 98 to Rs 100 per share. The minimum lot size of this application for the retail category is 150 shares. The minimum lot size for small non-institutional investors is 14 lots consisting of 2,100 shares. Meanwhile, the minimum lot for big non-institutional investors is 67 lots with 10,050 shares. The minimum amount of investment required for retail category investors is Rs 15,000 ( 100 x 150 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,10,000 ( 100 x 2100 shares); for big non-institutional investors, it is Rs 10,05,000 (100 x 10,050 shares). Bharat Highways Infrastructure Investment Trust IPO is a book-built issue of Rs 2,500 crores. This IPO issue is completely a fresh issue of Rs 25 crore equity shares. The allotment for this IPO is expected to be finalized on Monday, March 4, 2024. Bharat Highways InvIT IPO will be listed on both BSE and NSE, and the listing date is fixed on Wednesday, March 6, 2024. The book-running lead manager of Bharat InvIT IPO is ICICI Securities Limited, HDFC Bank Limited, Axis Bank Limited, IIFL Securities Limited. The registrar for this IPO is Kfin Technologies Limited.

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About Bharat Highways Infrastructure Investment Trust Ipo

Bharat Highways Infrastructure InvIT is a trust established to acquire and manage and invest in the portfolio of infrastructure assets in India. Bharat Highways Trust is authorized to carry on the activities of Infrastructure Investment trust under Security Exchange Board of India (SEBI) regulations. Bharat Highways portfolio consists of seven roads. All of which are operated on HAM basis in Gujarat, Andra Pradesh, Maharashtra, Uttar pradesh and Punjab. These roads are operated and maintained based on concession rights granted by the NHAI. InvIT has entered into a ROFO Agreement with GRILL under which GRILL has granted a right to first refusal over certain other assets owned and developed by GRILL. Bharat Highways Trust has been assigned a rating of CRISIL AAA/Stable.

Founded

Managing Director

Ajendra Kumar Agarwal

Parent Organization

IPO Objectives

The main objectives of this IPO is to raise funds from the general public which will be used to provide loans to projects SPVs for repayment and prepayment of the outstanding loans. Moreover, the general corporate purposes will also be fulfilled.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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