Bharat Highways InvIT IPO: 10 details to consider before the opening bell

The initial public offering (IPO) of infrastructure investment trust Bharat Highways Infrastructure is scheduled to begin on February 28 and is open for subscription. The IPO is scheduled to close on March 1st, and the infra investment group hopes to raise ₹2,500 crores from it.

Established in accordance with the SEBI InvIT Regulations, Bharat Highways InvIT is an infrastructure investment trust that is tasked with acquiring, managing, and investing in a portfolio of infrastructure assets in India as well as carrying out the trust’s operations.

These assets are located in the states of Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh and total about 497.292 km of built and functioning roads.

During the fiscal year that ended on March 31, 2023, Bharat Highways Infrastructure Investment Trust saw a 3.92 percent decline in revenue and a 738.34 percent increase in profit after tax (PAT).

Before purchasing an issue subscription, take into account these ten crucial Bharat Highways InvIT IPO aspects.

1] Date of the Bharat Highways InvIT IPO: On February 28, 2024, subscriptions for the infra investment company’s IPO open, and it ends on March 1, 2024.

2] Pricing range for the upcoming Bharat Highways InvIT IPO: ₹98 to ₹100 per share.

3] Size of Bharat Highways InvIT IPO: ₹2,500 crores is the amount of the book-built issue. This is a completely new 25 crore share offering.

4] Lot size for Bharat Highways InvIT IPO: Bidders may offer a minimum of 150 shares, as well as multiples of that number. An application must have a minimum lot size of 150 shares. Retail investors are obliged to invest a minimum of ₹15,000.

5] Reservation for the Bharat Highways InvIT IPO: NII is to receive a minimum of 25% of the issue and QIB is to receive a maximum of 75% of the issue.

6] Date of Bharat Highways InvIT IPO allotment: On Monday, March 4, 2024, the Bharat Highways InvIT allotment is anticipated to be completed.

7] Bharat Highways InvIT IPO listing date: On Wednesday, March 6, 2024, the shares of the infrastructure investment business would ostensibly launch on the BSE and NSE.

8] Bharat Highways InvIT IPO book running manager: The major book runners for the Bharat Highways InvIT IPO are ICICI Securities Limited, Axis Bank Limited, Hdfc Bank Limited, and Iifl Securities Ltd.

9] Kfin Technologies Limited is the registrar for the issue of the Bharat Highways InvIT IPO.

10] Bharat Highways InvIT IPO GMP: According to market watchers, the infra investment company’s shares are currently accessible at a premium of ₹0 because they are not trading on the grey market.