Bharat Road Network Limited
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.
Issue Period – 06 SEP – 08 SEP, 2017
Issue Size – 29,300,000 Eq Shares (Rs.600.65 cr)
Issue Price – Rs.105 – Rs.205 per Eq Share
Face Value – Rs 10 per Eq Share
Listing at – BSE, NSE
Market Lot – 73 Equity Shares
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THE OBJECT OF THE ISSUE
1. Advancing of subordinate debt in form of interest free unsecured loan to their Subsidiary, STPL, for part financing of the STPL Project
2. 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”);
3. Benefits of listing of its Equity Shares on the Stock Exchanges; and
4. General corporate purposes.
QIB (more than Rs/- 200,000/-) 50% of Net Issue size
Non-Institutional (more than Rs/-200,000/-) 15% of Net Issue size
Retail (up to Rs/-200,000/-) 35% of Net Issue size
FOR QUERIES CONTACT IPO DESK AT :
Phone: 0731- 4097240/236/232/234, Mobile: 9981044499