GMP and Grey market premium of Bharat Highways InvIT Limited has reached Rs.100. GMP can be used to find out how much more premium a stock has reached than its IPO price band. From this, the profit on listing can be estimated. But keep in mind that the GMP of any IPO may reduce after reaching listing.
Bharat Highways InvIT is offering new shares worth Rs 2,500.00 crores. This offer opens on February 28, 2024, and closes on March 1, 2024. Each share is priced between ₹98 to ₹100. If you want to apply, you need to buy at least 150 shares, which amounts to ₹15,000. For certain investors, like sNII, the minimum investment is 14 lots (2,100 shares) worth ₹210,000, and for bNII, it's 67 lots (10,050 shares) worth ₹1,005,000.
Bharat Highways InvIT IPO will be listed on both the BSE and NSE, with a likely listing date of Wednesday, March 6, 2024.
The Bharat Highways InvIT IPO allocation is set to be decided on Monday, March 4, 2024.
Bharat Highways Infrastructure Investment is a trust set up to invest in infrastructure projects in India. It's allowed to do this under SEBI regulations. The trust owns seven roads in Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh. These roads are managed under a system called HAM and are maintained through agreements with NHAI. They're currently owned by Project SPVs, which are fully owned by GRIL.
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