Bharat Highways InvIT IPO February 2021 opens for subscription on February 28, 2024 and closes on March 1, 2024.
Bharat Highways InvIT IPO February 2021 is a book built issue of Rs 2,500.00 crores. The issue is entirely a fresh issue. The allotment for the IPO February 2021 is expected to be finalized on Monday, March 4, 2024. Bharat Highways InvIT IPO February 2021 will list on BSE, NSE with tentative listing date fixed as Wednesday, March 6, 2024.
Bharat Highways InvIT IPO February 2021 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 IPO February 2021, while Kfin Technologies Limited is the registrar for the issue.
About Bharat Highways Infrastructure Investment Trust
Bharat Highways InvIT IPO February 2021 Details
| IPO Date | February 28, 2024 to March 1, 2024 |
| Listing Date | [.] |
| Face Value | ₹ per share |
| Price Band | ₹98 to ₹100 per share |
| Lot Size | 150 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹2,500.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹2,500.00 Cr) |
| Issue Type | Book Built Issue InvIT |
| Listing At | BSE, NSE |
Bharat Highways InvIT IPO February 2021 Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 75% of the Offer Size( |
| NII (HNI) Shares Offered | Not less than 25% of the Net Issue |
Bharat Highways InvIT IPO February 2021 Timeline (Tentative Schedule)
Bharat Highways InvIT IPO February 2021 opens on February 28, 2024, and closes on March 1, 2024.
| IPO Open Date | Wednesday, February 28, 2024 |
| IPO Close Date | Friday, March 1, 2024 |
| Basis of Allotment | Monday, March 4, 2024 |
| Initiation of Refunds | Tuesday, March 5, 2024 |
| Credit of Shares to Demat | Tuesday, March 5, 2024 |
| Listing Date | Wednesday, March 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 1, 2024 |
Bharat Highways InvIT IPO February 2021 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 (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 13 | 1950 | ₹195,000 |
| S-HNI (Min) | 14 | 2,100 | ₹210,000 |
| S-HNI (Max) | 66 | 9,900 | ₹990,000 |
| B-HNI (Min) | 67 | 10,050 | ₹1,005,000 |
Bharat Highways Infrastructure Investment Trust Financial Information (Restated)
Bharat Highways Infrastructure Investment Trust’s revenue decreased by -3.92% and profit after tax (PAT) rose by 738.34% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,916.80 | 6,056.28 | 5,536.40 | 4,943.95 |
| Revenue | 388.54 | 1,537.47 | 1,600.18 | 2,170.39 |
| Profit After Tax | 101.35 | 527.05 | 62.87 | 149.45 |
| Amount in ₹ Crore | ||||
Bharat Highways Infrastructure Investment Trust Contact Details
Novus Tower,
Second Floor, Plot No. 18,
Sector 18, Gurugram,- 122 015
Phone: +91 85888 55586
Email: cs@bharatinvit.com
Website: https://www.bharatinvit.com/
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