Bharat Highways InvIT IPO
Bharat Highways InvIT Limited is a trust set up to buy, handle, and invest in various infrastructure assets across India. Bharat Highways Invit’s IPO starts on February 28 and ends on March 1. They’re hoping to collect about Rs 2,500 crore from this public offer. Between March 31, 2022, and March 31, 2023, Bharat Highways Infrastructure Investment Trust saw its revenue drop by 3.92%, but its profit after tax (PAT) shot up by a whopping 738.34%.
Bharat Highways InvIT IPO Highlights
How much is the GMP?
The grey market premium (GMP) is the price at which an IPO is traded in an unofficial/unregulated grey market prior to its listing. The GMP reflects how a particular company’s IPO issue might react on the day of listing. A positive GMP premium signals that the IPO is likely to be at profit while a negative GMP indicates that the IPO is likely to be at a discount.
According to IPO watch, 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 IPO Price Band and Issue Size
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 Listing Date
Bharat Highways InvIT IPO will be listed on both the BSE and NSE, with a likely listing date of Wednesday, March 6, 2024.
Bharat Highways InvIT IPO Allotment Date
The Bharat Highways InvIT IPO allocation is set to be decided on Monday, March 4, 2024.
| Bharat Highways InvIT IPO Detail | |
| Open Date | February 28, 2024 |
| Close Date | March 1, 2024 |
| Price Band | ₹98 to ₹100 per share |
| Lot Size | 150 Shares |
| Total Issue Size | 250,000,000 shares (aggregating up to ₹2,500.00 Cr) |
| Listing At | BSE NSE |
| Allotment Date | Monday March 4, 2024 |
| Listing Date | Wednesday, March 6, 2024 |
What is the History of Bharat Highways InvIT Limited
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.
The trust also has a special agreement with GRIL that gives it the first chance to buy certain other assets that GRIL owns or is developing. Rating agencies have given the trust high ratings for its stability and performance.
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