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Bharat Road Network Ltd IPO (BRNL IPO) Details

Bharat Road Network Ltd IPO (BRNL IPO) Details:

Bharat Road Network Ltd engages in the development, implementation, operation, and maintenance of roads/highways projects in India.

It offers a range of project management services, including design, engineering, and quality control, as well as engineering, processing, and construction management; and project advisory services, such as project management consultancy, project conceptualization, commissioning, and operation and management of the projects, as well as undertakes debt syndication, refinancing, and financial restructuring of its projects.

The company was incorporated in 2006 and is based in Kolkata, India. Bharat Road Network Ltd is a subsidiary of SREI Infrastructure Finance Limited.

OBJECTS OF THE ISSUE:

Company proposes to utilise the funds which are being raised through the Issue, after deducting the Issue related expenses (“Net Proceeds”), towards funding the following objects:

  1. Advancing of subordinate debt in form of interest free unsecured loan to Subsidiary, STPL, for part financing of the STPL Project (“STPL Sponsor Investment”);
  2. 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”);
  3. General corporate purposes.

Bharat Road Network Ltd IPO (BRNL IPO) Details:

  1. Issue Open: Sep 06, 2017 – Sep 08, 2017
  2. Issue Type: Book Built Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size: 29,300,000 Equity Shares of Rs 10 aggregating up to Rs 600.65 Cr
  5. Issue Price: Rs. 195 – Rs. 205 Per Equity Share
  6. Market Lot: 73 Shares
  7. Minimum Order Quantity: 73 Shares
  8. Listing At: BSE, NSE

* To Be Updated

BOOK RUNNING LEAD MANAGERS Of Bharat Road Network Ltd IPO (BRNL IPO):

INGA CAPITAL PRIVATE LIMITED
Naman Midtown, ‘A’ Wing, 21st floor,
Senapati Bapat Marg, Elphinstone (West),
Mumbai – 400 013, Maharashtra, India
Tel: +91 22 4031 3489; Fax: +91 22 4031 3379
E-mail: brnl.ipo@ingacapital.com
Investor grievance e-mail: investors@ingacapital.com

INVESTEC CAPITAL SERVICES (INDIA) PRIVATE LIMITED
607A, 6th floor, A Wing, The Capital,
Bandra Kurla Complex,Mumbai – 400 051,
Maharashtra, India
Tel: +91 22 61367400; Fax: +91 22 61367495
E-mail: brnlipo@Investec.co.in
Investor grievance e-mail: Regulator-Correspondence@investec.co.in

REGISTRAR TO THE OFFER of Bharat Road Network Ltd IPO (BRNL IPO):

KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Financial District, Nanakramguda,
Hyderabad – 500 032, Telangana, India
Tel: +91 40 6716 2222; Fax: +91 40 2343 1551
E-mail: brnl.ipo@karvy.com
Investor Grievance E-mail: einward.ris@karvy.com

Bharat Road Network Ltd IPO (BRNL IPO) Draft Red Herring Prospectus (DRHP):

Bharat Road Network Ltd (BRNL) IPO Prospectus

Red Herring Prospectus (RHP) Of Bharat Road Network Ltd IPO (BRNL IPO):

Bharat Road Network Ltd (BRNL) IPO Prospectus

Day Wise Bharat Road Network Ltd IPO (BRNL IPO) Subscription Figures:

Bharat Road Network Ltd (BRNL) IPO Subscription Details
CategoryTotal Quota
(No. of Shares offered)
Subscription (No. of times Subscribed)
Day 1Day 2Day 3
Qualified Institutional Buyers (QIBs) 219750000.190.521.33
Non Institutional Investors (NIIs)43950000.010.631.63
Retail2930000 0.76 2.075.69
Employees00.000.000.00
Total 293000000.220.701.81

Bharat Road Network Ltd IPO (BRNL IPO) Allotment and Listing Dates Schedule:

  • 06/Sep/17 – Bid/Offer Opening Date
  • 08/Sep/17 – Bid/Offer Closing Date
  • 13/Sep/17 – Finalisation of Basis of Allotment
  • 14/Sep/17 – Unblocking of Funds from ASBA Account
  • 14/Sep/17 – Credit of Equity Shares to Demat Account
  • 18/Sep/17 – Commencement of Trading on NSE/BSE

* To Be Updated

Bharat Road Network Ltd IPO (BRNL IPO) Grey Market Premium (GMP):

Current Grey Market Premium (GMP) Of Bharat Road Network Ltd (BRNL) IPO is trading at Rs 13 – Rs 15 per equity share.

How To Check Bharat Road Network Ltd IPO (BRNL IPO) Application Status:

To clear that doubt and to check Bharat Road Network Ltd (BRNL) IPO application status just use the below links and you can check it as follow:

Check Bharat Road Network Ltd (BRNL) IPO Application Status at BSE:  BSE Website

Check Bharat Road Network Ltd (BRNL) IPO Application Status at NSE NSE Website

To Check Bharat Road Network Ltd (BRNL) IPO Application Status:

  1. Click on Links provided above
  2. Select Bharat Road Network Ltd IPO (BRNL IPO) from the drop Down Menu.
  3. Provide your PAN Number.
  4. Provide your Application Number.
Bharat Road Network Ltd IPO (BRNL IPO) Allotment Status:

To Check Bharat Road Network Ltd (BRNL) IPO Allotment Status : Click Here

  1. Select Bharat Road Network Ltd IPO (BRNL IPO) from the first drop Down Menu
  2. Select PAN Card from the second drop Down Menu
  3. Provide your PAN Number.

Market Update:

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While Apex Frozen Foods Ltd IPO (AFFL IPO) Grey Market Premium (GMP) is trading between Rs 22 – Rs 24 per equity share.

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This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insuranceSBI life insurance IPO etc.

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