Bharat Highways Infrastructure Investment Trust InvIT
- IPO Date28 Feb, 2024 to 01 Mar, 2024
- Listing Date12 Mar, 2024
- Face Value-
- Issue Price₹98 to ₹100 per share
- Lot Size150 Shares
- Minimum Investment₹15,000
- Listing AtBSE, NSE
- Total Issue Size25,00,00,000 Shares
(aggregating up to ₹2500.00 Cr) - Fresh Issue25,00,00,000 Shares
(aggregating up to ₹2500.00 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue InvIT
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
01 Mar, 2024
Initiation of Refunds
07 Mar, 2024
Listing Date
12 Mar, 2024
28 Feb, 2024
Opening Date
06 Mar, 2024
Basis of Allotment
07 Mar, 2024
Credit of Shares
Bharat Highways Infrastructure Investment Trust InvIT Lot Size
Investors can bid for a minimum of 150 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 13 | 1950 | ₹1,95,000 |
| Retail (Min) | 1 | 150 | ₹15,000 |
| B-HNI (Min) | 67 | 10050 | ₹10,05,000 |
| S-HNI (Max) | 66 | 9900 | ₹9,90,000 |
| S-HNI (Min) | 14 | 2100 | ₹2,10,000 |
Bharat Highways Infrastructure Investment Trust InvIT COMPANY INFORMATION
Bharat Highways InvIT is a book built issue of Rs 2,500.00 crores. The issue is entirely a fresh issue of 25 crore shares. Bharat Highways InvIT bidding started from February 28, 2024 and ended on March 1, 2024. The allotment for Bharat Highways InvIT was finalized on Wednesday, March 6, 2024. Bharat Highways InvIT will list on BSE, NSE with tentative listing date fixed as Tuesday, March 12, 2024. Bharat Highways InvIT price band is set at ₹98 to ₹100 per share. The minimum lot size for an application is 150 Shares. The minimum amount of investment required by retail investors is ₹15,000. The minimum lot size investment for sNII is 14 lots (2,100 shares), amounting to ₹210,000, and for bNII, it is 67 lots (10,050 shares), amounting to ₹1,005,000. ICICI Securities Limited, Axis Bank Limited, Hdfc Bank Limited and Iifl Securities Ltd are the book running lead managers of the Bharat Highways InvIT, while Kfin Technologies Limited is the registrar for the issue. Refer to Bharat Highways InvIT RHP for detailed information.
Bharat Highways Infrastructure Investment is an infrastructure investment trust established to acquire, manage, and invest in a portfolio of infrastructure assets in India. The Trust is authorized to carry on the activities of an infrastructure investment trust under the SEBI InvIT Regulations.
The Company's portfolio consists of seven roads, all of which are operated on a HAM basis in Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh. These roads are operated and maintained based on concession rights granted by the NHAI and are owned and operated by the Project SPVs, which are currently wholly owned by GRIL.
InvIT has also entered into a ROFO agreement with GRIL under which GRIL has granted InvIT a right of first refusal over certain other assets owned and being developed by GRIL.
The Trust has been assigned a provisional rating of CRISIL AAA/Stable (Reaffirmed) from Crisil Ratings Limited, a provisional rating of CARE AAA, Stable from CARE Ratings Limite and a provisional rating of IND AAA/Stable from India Ratings and Research.
FAQs About Bharat Highways Infrastructure Investment Trust Invit
Bharat Highways Infrastructure Investment Trust InvIT will open on 28 Feb, 2024 and close on 01 Mar, 2024. Investors must apply within this period to participate.
The Bharat Highways Infrastructure Investment Trust InvIT price band is set between ₹98.00 and ₹100.00 per share. The minimum lot size is 150, requiring an investment of at least ₹15000.00.
The Bharat Highways Infrastructure Investment Trust InvIT shares are expected to be listed on 12 Mar, 2024, subject to regulatory approvals and final allotment.
You can track your Bharat Highways Infrastructure Investment Trust InvIT application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Bharat Highways Infrastructure Investment Trust InvIT will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.