Forthcoming IPO_Bharat Road Network Limited

beelineadmin

Bharat Road Network Limited IPO

 

Issue Detail:
Issue Open Date Sept 06th , 2017 Price Band : Rs  195/-  – Rs. 205/-
Issue Open Date Sept 8th , 2017 Minimum Bid Qty :   73 Shares

 

Objective :

The object of the issue are:

  1. 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”);
  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.

 

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.

Company Promoters:

  1. Srei Infrastructure Finance Limited (“SREI”)
    2. Make in India Fund

Company Financials:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 12,323.91 8,368.03 6,289.65 5,159.45 3,277.50
Total Revenue 149.28 42.52 414.88 96.40 30.59
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: corporate@brnl.in
 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: brnl.ipo@karvy.com
 Website: http://karisma.karvy.com

IPO Lead Manager(s) :

  1. INGA Capital Pvt Ltd
  2. Investec Capital Services (India) Pvt Ltd