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Subscription Details are at the bottom of the Page
Short Analysis by Sonam Sinha MBA Finance has been given at Page Bottom box.Please study the same.
Grey Market Report :
On 11 September at 19.00 IST :
GMP INR 11 sellers & Kostak INR 0
About the Company:
Bharat Road Network was incorporated in the year 2006, since then the company is involved in BOT (build–operate–transfer), mainly focused on development, implementation, operation and maintenance of roads and highways projects. BRNL also operates toll based BOT Projects wherein we have the right to collect toll or user fees. It also generates revenue from project management consultancy and provides project management services to BOT projects. At present, all the projects are implemented through special purpose vehicles, either through its subsidiaries or in partnership with other infrastructure players. BRNL is also involved in the development, operation, and maintenance of national and state highways in several states in India. The company has projects in states like Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra, and Odisha.
A detailed Note about road Infrastructure sector is give in Page-bottom -box.
IPO Opens on :06 September 2017
IPO Closes on :08 September 2017
Issue Type: Book Built Issue IPO
Issue Size:2.93 crore Equity shares amounting toINR. 600.65 Cr at upper price band
Price Band: INR195 to INR 205 Per Equity Share
Minimum Order Quantity:73 shares
Listing will at: BSE,NSE
Shares offered to NIIs :15%
Shares offered to NIIs: 4395000 equity shares
Shares offered to RIIs: 10%
Shares offered to RIIs:2930000
IPO opens for Anchor Investors on 05 September 2017
IPO Opens On: September 06, 2017
IPO Closes On: September 08, 2017
Finalisation of Allotment: On or about September 13, 2017
Initiation of refunds: On or about September 14, 2017
Credit of Equity Shares to demat accounts: On or about September 14, 2017
Commencement of trading : On or about September 18, 2017
For the Fiscals 2016, 2015 and 2014 our consolidated revenue from operations was Rs 7.50 million, Rs 84.33 million and Rs 96.16 million, respectively. For the Fiscals 2016, 2015 and 2014 our consolidated loss after tax was Rs 925.44 million, Rs 264.22 million and Rs 607.61 million, respectively. For the eight (8) months ended November 30, 2016, our consolidated revenue from operations and our consolidated loss after tax was Rs 83.01 million and Rs 627.31 million, respectively.
Consolidated EPS for Year Ended March 31, 2016 Rs.(92.54).
Net asset value per equity share as on November 30, 2016 as per Restated Consolidated Financial Statements is Rs. 80.31.
Company Address :
Bharat Road Network Limited
10B/1, Topsia Road (East),
Kolkata :700 046
Investec Capital Services (India)
Karvy Computershare Private ltd
Email: [email protected]
Grey Market Trend Report :
On 01 September at 11.00 IST :GMP INR 0 & Kostak INR 300
On 02 September at 17.00 IST :GMP INR 18/19 & Kostak INR 400
On Day 3 ( 08.09.2017 at 17.00 IST)
QIB : Shares offered : 21875000 : Subscribed : 1.33 T
NII : Shares offered : 4395000 : Subscribed : 1.63 T
RII : Shares offered : 2930000 : Subscribed : 5.69 T
Total : Shares offered : 29300,000 : Subscribed : 1.81 T