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Bharat Highways InvIT InvIT IPO

Mainline28 Feb to 1 Mar, 202428 Feb to 1 Mar, 2024
Open
28 Feb to 1 Mar, 2024
Close
28 Feb to 1 Mar, 2024
3
Allotment
Listing
Tue, Mar 12, 2024
Price Band
₹98.00 to ₹100.00
Issue Size
24,99,99,900 shares (agg. up to ₹2,500 Cr)
Lot Size
150 Shares
Listing Date
Tue, Mar 12, 2024
✦ AI Insight

Live Subscription

CategorySubscription (times)
Total3.73x

Restated Financials (₹ Cr.)

Period Ended31 Mar 202531 Mar 2024
Total Income1,450.8729.64
Profit After Tax545.1223.62
EBITDA666.6425.82
Amount in ₹ Crore

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Providing loans to the Project SPVs for repayment/ pre-payment, in part or in full, of their respective outstanding loans (including any accrued interest and prepayment penalty)
2General purposes

About Bharat Highways InvIT InvIT

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.+ Read More

Contact Details

Bharat Highways InvIT AddressNovus Tower,Second Floor, Plot No. 18,Sector 18Gurugram, Haryana, 122015+91 85888 55586cs@bharatinvit.comVisit Website