Business description from prospectus – Bharat Road Network is involved in operating toll based BOT Projects wherein we have the right to collect toll or user fees. Our Company performs a range of project management functions, including design, engineering, EPC management and quality control. We also provide project advisory activities including, project management consultancy, project conceptualisation, commissioning, operation and management of the projects during the entire life cycle of our projects. We also undertake debt syndication, refinancing and financial restructuring of our projects.
We have a project portfolio consisting of six BOT Projects, of which two are Projects operational under Final COD, three are Projects operational under Provisional COD and one is a Project under Construction. Our Projects operational under Final COD and Projects operational under Provisional COD are located in the states of Kerala, Madhya Pradesh, and Haryana, Uttar Pradesh and Odisha, respectively. Our Project under Construction is located in the state of Maharashtra. Our Projects operational under Final COD and Projects operational under Provisional COD cover approximately 1,622.44 lane kms, including major and minor bridges and approximately 12 lane kms and 60.72 lane kms are under construction at the GAEPL Project and SJEPL Project, respectively for which we are awaiting final COD. Our Project under Construction involves development of 400.24 lane kms, including major and minor bridges.
Promoters of Bharat Road Network – SREI Infrastructure Finance Limited and Make In India Fund
| Bharat Road Network IPO details | |
| Subscription Dates | 6 – 8 September 2017 |
| Price Band | INR195 – 205 per share |
| Fresh issue | 29,300,000 shares (INR571.35 – 600.65 crore) |
| Offer For Sale | Nil |
| Total IPO size | 29,300,000 shares (INR571.35 – 600.65 crore) |
| Minimum bid (lot size) | 73 shares |
| Face Value | INR10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
| Bharat Road Network’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 3.06 | 9.64 | 41.49 | 4.25 | 14.93 | |
| Total expenses | 2.79 | 9.67 | 9.33 | 3.66 | 8.12 | |
| Profit after tax | -16.88 | -60.76 | -26.42 | -92.54 | -73.88 | |
Bharat Road Network LimitedÂ
5th Floor (north east block),Vishwakarma Building,
86C Topsia Road (South)
Kolkata – 700 046
Phone:Â +91 33 6602 3609
Fax:Â +91 33 6602 3243
Email: [email protected]
Website:Â www.brnl.in
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551Â
Email:Â [email protected]
Website:Â www.karvycomputershare.com
Earnings Per Share (EPS): -INR26.51
Price/Earnings (P/E) ratio: Not applicable
Return on Net Worth (RONW): -17.19%
Net Asset Value (NAV): INR78.64 per share
Bharat Road Network IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 21,975,000 | 0.18 | 0.52 | 1.32 |
| NII | 4,395,000 | 0.00 | 0.63 | 1.63 |
| Retail | 2,930,000 | 0.73 | 2.06 | 5.20 |
| Total | 29,300,000Â | 0.21 | 0.69 | 1.76 |
Bharat Road Network IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.
IPO Opening Date: 6 September 2017
IPO Closing Date: 8 September 2017
Finalisation of Basis of Allotment: 13 September 2017
Initiation of refunds: 14 September 2017
Transfer of shares to demat accounts: 14 September 2017
Listing Date: 18 September 2017
Listing Price on NSE: INR205 per share (no change from IPO price)
Closing Price on NSE: INR208.45 per share (up 1.7% from IPO price)
This company is just WOW!!!
Then why negative figures in Profits
I mean losses in all years!!
Haha, look at the up and downs in the past 5 years revenue
If we see revenue increase drastically
MY REVIEW ON THIS IPO IS DAMN NEGATIVE, BECAUSE CONSISTENT LOSSES FROM LAST 5 YEARS, PROFIT AND LOSS ACCOUNT SHOWS. pata nahi CNBC wale is IPO ko kyo promote kar rahe h.
NOT SO GOOD TO APPLY F.CON IS WEEK
This ipo listing below price. Loss making company. All loss……. sib
very good company.