Bharat Road Network Limited IPO
|Issue Open Date||Sept 06th , 2017||Price Band :||Rs 195/- – Rs. 205/-|
|Issue Open Date||Sept 8th , 2017||Minimum Bid Qty :||73 Shares|
The object of the issue are:
- Advancing of subordinate debt in form of interest free unsecured loan to their Subsidiary, STPL, for part financing of the STPL Project (“STPL Sponsor Investment”);
- Acquisition of the subordinated debt in the form of unsecured loan s/OCPIDs/warrants/OCDs, advanced/held by SREI to STPL, KEPL and MTPL (“Identified SPVs”);
- Benefits of listing of its Equity Shares on the Stock Exchanges; and
- General corporate purposes.
Business Description :
Incorporated in 2006, Bharat Road Network Limited, a subsidiary of SREI Infrastructure Finance Ltd is engaged in the business of development, implementation, operation, and maintenance of roads/highways projects.
Bharat Road involved in the development, operation and maintenance of national and state highways in several states in India with projects in states of Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra and Odisha through partnerships with experienced EPC players in the local space where the project is located.
Company 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.
Their project portfolio consisting of six (6) BOT Projects, of which two (2) are Projects operational under Final COD, three (3) are Projects operational under Provisional COD and one (1) is a Project under Construction.
- Srei Infrastructure Finance Limited (“SREI”)
2. Make in India Fund
|Summary of financial Information (Consolidated)|
|Particulars||For the year/period ended (in Rs. million)|
|Profit After Tax||(738.85)||(925.44)||(264.22)||(607.61)||(168.77)|
Company Contact Information :
Bharat Road Network Limited Mirania Gardens, 10B/1, Topsia Road (East), Kolkata � 700 046 Phone: +91 33 4409 9140 Fax: +91 33 6602 3243 Email: firstname.lastname@example.org Website: http://www.brnl.in
IPO Registrar :
Karvy Computershare Private Limited » Report Karvy House, 46, Avenue 4, Street No. 1, Banjara Hills, Hyderabad - 500 034 Andhra Pradesh, India Phone: +91-40-23312454 Fax: +91-40-23311968 Email: email@example.com Website: http://karisma.karvy.com
IPO Lead Manager(s) :
- INGA Capital Pvt Ltd
- Investec Capital Services (India) Pvt Ltd