Bharat Highways Infrastructure Investment Limited
CLOSEDIPO Date: 28 Feb - 1 Mar 2024
Listing Date: 12 Mar 2024
Price Range
98 to 100 per share
Issue Size
2500 Cr
Min Investment
₹14,700
Lot Size
150 Shares
Schedule of Bharat Highways Infrastructure Investment Limited
Issue open date
28 Feb 2024
Issue close date
1 Mar 2024
UPI mandate deadline
1 Mar 2024 (5 PM)
Allotment finalization
6 Mar 2024
Share credit
7 Mar 2024
Listing date
12 Mar 2024
Mandate end date
16 Mar 2024
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 2500 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 6 Mar 2024 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|
Performance Bharat Highways Infrastructure Investment Limited
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| 98 to 100 per share | ₹ 203 (3.05%) | ₹ 112.9 | 12.90% |
About Bharat Highways Infrastructure Investment Limited
Bharat Highways Infrastructure Investment is an infrastructure investment trust established to acquire, manage, and invest in a portfolio of infrastructure assets in India. The Trust is authorized to carry on the activities of an infrastructure investment trust under the SEBI InvIT Regulations.The Company's portfolio consists of seven roads, all of which are operated on a HAM basis in Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh. These roads are operated and maintained based on concession rights granted by the NHAI and are owned and operated by the Project SPVs, which are currently wholly owned by GRIL.InvIT has also entered into a ROFO agreement with GRIL under which GRIL has granted InvIT a right of first refusal over certain other assets owned and being developed by GRIL.The Trust has been assigned a provisional rating of CRISIL AAA/Stable (Reaffirmed) from Crisil Ratings Limited, a provisional rating of CARE AAA, Stable from CARE Ratings Limite and a provisional rating of IND AAA/Stable from India Ratings and Research.
| Founded in | 2022 |
| Managing director | |
| Parent organization |
Financial Overview
Strengths
Risks
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |