Bharat Road Network Ipo Listing Date

Bharat road network ipo listing date

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Bharat Road Network Limited IPO, Bharat Road Network Limited IPO Allotment Status, Bharat Road Network Limited IPO GMP, Bharat Road Network Limited IPO Listing Date, BRNL IPO Subscription Info, Ratings, BRNL IPO Greymarket Price and Premium.

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Bharat Road Network Limited (BRNL) is coming with an IPO in the month of September 2017.

The BRNL IPO will open for subscription on Wednesday, September 6, 2017. The IPO of Bharat Road Network Limited will close on Friday, September 08, 2017.

Bharat road network ipo listing date

The company has received the consent from Registrar of Companies (RoC), West Bengal in the month of August. The company received approval on August 23, 2017, according to the Red Herring Prospectus filed.

SEBI has approved the Bharat Road Network Limited IPO in the month of June 2017.

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Update on Price Band: Rs. 195 to Rs. 205.

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The company has not decided the price band yet on August 25, 2017. The company will decide the price band after discussing it with the Book Running Lead Managers (BRLMs). The company is coming with the 29,300,000 equity shares of face value of Rs 10 each.

Investors who want to apply for the Bharat Road Network Limited IPO should check this space as we are going to give you all details about the IPO. The given part of our website will describe the things such as BRNL IPO allotment, BRNL IPO Price Band, Daily Subscription Status, IPO Listing Date, Reviews, Ratings, Polls and much more.

greymarket.co.in is your guide to the latest and forthcoming IPOs. So, read and share our articles with the investors who are also interested in IPOs.

Contents

Bharat Road Network Limited IPO

Bharat Road Network Limited IPO Details, BRNL Allotment Status, GMP, Listing Date, Review

About the company: Bharat Road Network Limited, (BRNL) is based in Kolkata.

BRNL was set up in 2006 and it is a road BOT  (build–operate–transfer) company.

Bharat Road Network IPO Listing - Bharat Road Network IPO Allotment - BRNL IPO Listing

Srei Infrastructure Finance Limited is the Corporate Promoter of the BRNL. The company works as a developer and operator for roads/highways in India.

It is mainly focused on Road development such as implementation, operation along with maintenance of roads and highways projects. The company also works for toll based BOT Projects and collects toll or user fee.

The company also provides various BOT project management services to its client.

It gets revenue from project management consultancy. It completes all the projects through special purpose vehicle or through its subsidiaries or in partnership with other companies. The company is working on many projects in Uttar Pradesh, Maharashtra, Haryana, Kerala, Madhya Pradesh, and Odisha.

Currently, the company has six (6) BOT Projects.

Company Promotors: Srei Infrastructure Finance Limited (“SREI”) and Make in India Fund.

Objects of the Issue

  • Advancing of subordinate debt in form of interest-free unsecured loan to its Subsidiary, STPL, for part financing of the STPL Project (“STPL Sponsor Investment”);
  • Acquisition of the subordinated debt in the form of unsecured loans/OCPIDs/warrants/OCDs, advanced/held by SREI to/in STPL, KEPL and MTPL (“Identified SPVs”);
  • General corporate purposes.
Know more about the Bharat Road Network Limited, (BRNL) at brnl.in.

BRNL IPO Details

CompanyBharat Road Network Limited (BRNL)
Open Date06 September 2017
Close Date08 September 2017
Allotment Date13 September 2017
Refund Date13 September 2017
Listing Date----
Issue PriceRs.

195 - Rs. 205 Per Equity Share

Lot Size73 Shares
Minimum Order Quantity73 Shares
Issue TypeBook Built Issue IPO
Issue Size29,300,000 Equity Shares of Rs 10 aggregating up to Rs 600.65 Crore
Lead ManagerINGA Capital Private Limited
Investec Capital Services (India) Private Limited
RegistrarKarvy Computershare Private Limited
Registrar Email[email protected]

[email protected]
Registrar Websitewww.karvycomputershare.com
Registrar Phone+91 40 6716 2222
Listing atNSE / BSE

Bharat Road Network IPO Price Band

The BRNL has offered to sell 29,300,000 equity shares of face value of Rs 10 each at a price band of Rs 195 to Rs 205 per share.

The price range and the issue size of the subscription have not been announced yet.

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The issue size is estimated to be around Rs 1200 crore.

Bharat Road IPO Date

The initial public offering (IPO) of Bharat Road Network Ltd, based in Kolkata would open for subscription on September 06, 2017. The IPO will close on September 08, 2017. The shares will be listed on both NSE and BSE. Check IPO Calendar of Bharat Road Network Limited for more.

Bharat road network ipo listing date

The whole time table of the BRNL IPO is given on the Calendar Page.

BRNL Financials

DateTOTAL ASSETSTOTAL REVENUEPROFIT AFTER TAX
31 March 2017Rs.

12,323.91

Rs. 149.28Rs. 738.85
31 March 2016Rs. 8,368.03Rs.

Company Financials:

42.52

Rs. 925.44
31 March 2015Rs. 6,289.65Rs. 414.88Rs. 264.22
31 March 2014Rs. 5,159.45Rs.

Bharat Road Network Limited IPO Details, BRNL Allotment Status, GMP, Listing Date, Review

96.40

Rs. 607.61
31 March 2013Rs.

Bharat road network ipo listing date

3,277.50

Rs. 30.59Rs. 168.77

**(All Figures in Rs.

Bharat Road Network IPO Allotment Status Online, BRNL IPO Allotment Date & Details

million)

Lead Managers

INGA Capital Private Limited, Investec Capital Services (India) Private Limited and SREI Capital Markets Limited are the book running lead managers to the Bharat Road Network’s issue.

Bharat Road Network Limited (BRNL) IPO Registrar

Karvy Computershare is the Registrar to the issue of Bharat Road Network. Investors can contact Karvy on Tel No.

+91 40 6716 2222 or the email address [email protected] for any queries related to the Bharat Road Network IPO. Karvy has appointed Mr.Murali Krishna M as a contact person for the issue. The official web address to reach Karvy is www.karvycomputershare.com.

Bharat Road Network Limited (BRNL) IPO Issue Subscription Detail / Current Bidding Status

DATESHARES OFFERED06 September 201707 September 201708 September 2017
RII29300000.762.075.69
NII43950000.010.631.63
QIB219750000.190.521.33
Total293000000.220.701.81

Bharat Road Network Limited IPO Allotment Status Online

The IPO Allotment Status of the BRNL IPO will be released on the Karvy Computershare’s website.

Bharat road network ipo listing date

The tentative date of the allotment of the shares will be 13th September 2017. The IPO subscription will end on 08th September.

Bharat road network ipo listing date

Check BRNL IPO Allotment Status at www.greymarket.co.in.
Bharat Road Network Limited IPO Allotment Status

Bharat Road Network Limited IPO Allotment Status

Bharat Road Network Listing Date

Update: The shares of Bharat Roads will be listed on stock markets on 18 September 2017.

The shares of the Bharat Road Network Limited will make a debut on exchanges on Friday, 15 September 2017.

This is the expected date, We will disclose the real date of the listing as soon as the allotment is done. Please check this space for the BRNL IPO Listing Date.

Bharat Road Network Listing Figures

 NSE (BRNL)BSE (540700)
IPO PriceRs.

205

Rs.

Bharat Road Network Ltd. (IPO)

205

OpenRs. 205Rs.

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204.90

HighRs. 218.90Rs. 218.65
LowRs. 195.35Rs. 196.50
CloseRs.

Bharat Road Network Limited IPO (Bharat Road Network IPO) Detail

208.45

Rs. 208.15
DifferenceUp Rs. 3.45 (+1.68%)Up Rs. 3.15 (+1.54%)

Bharat Road Network Ltd Address

Registered Office and Corporate Office: Mirania Gardens, 10B/1,
Topsia Road (East) Kolkata – 700 046,
West Bengal, India

Telephone: +91 33 4409 9140
Fax: +91 33 6602 3243
E-mail: [email protected]
Website: www.brnl.in

IPO Prospectus

Draft Prospectus with SEBI | Red Herring Prospectus.

Category: Latest IPO