Bharat Road Network Limited (BRNL) IPO to start for subscription on September 6 and closes on September 8. They got the approval for RHP from Registrar of Companies (RoC), West Bengal on 23 August. The IPO consists 2,93,00,000 equity shares which face value is Rs.10.
Bharat Road Network Limited (BRNL) incorporated in 2006 and they are involved in BOT (build–operate–transfer), development, operation and maintancance of highway projects and roads. BRNL also operates BOT projects based on toll where they collect toll or fees. They have current projects in Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra and Odisha.
Bharat Road Network IPO Review:
As we can see the profit is on a negative site we can assume that they are coming up with IPO to have some cash flow and do profits in coming years. When we see the loss it was 92 crore in 2016 while it decrease to 73 crore while revenues increased frm 4 crore to 15 crore which was 41 crore in 2015.
Company Promoters:
DRHP Draft Prospectus
Bharat Road Network IPO Registrar:
Karvy Computershare Private Limited
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: brnl.ipo@karvy.com
Website: www.karvycomputershare.com
Bharat Road Network IPO Lead Managers:
Bharat Road Network Limited
5th Floor (north east block),Vishwakarma Building,
86C Topsia Road (South)
Kolkata – 700 046
Phone: +91 33 6602 3609
Fax: +91 33 6602 3243
Email: corporate@brnl.in
Website: www.brnl.in
Bharat Road Network Limited (BRNL) incorporated in 2006 and they are involved in BOT (build–operate–transfer), development, operation and maintancance of highway projects and roads. BRNL also operates BOT projects based on toll where they collect toll or fees. They have current projects in Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra and Odisha.
- Avoid
- IPO Open: 6-September-2017
- IPO Close: 8-September-2017
- IPO Size: Approx Rs.600 Crore (Approx)
- Face Value: Rs. 10 Per Equity Share
- Price Band: Rs. 195 to 205 Per Share
- Listing on: BSE & NSE
- Retail Portion: 10%
- Total Size: 29,300,000 Equity Shares
- Shares: Apply for 73 Shares (Minimum Lot Size)
- Amount: Rs.14965
- Basis of Allotment: 13-September
- Refunds: 14-September
- Credit to demat accounts: 14-September
- Listing: 18-September
As we can see the profit is on a negative site we can assume that they are coming up with IPO to have some cash flow and do profits in coming years. When we see the loss it was 92 crore in 2016 while it decrease to 73 crore while revenues increased frm 4 crore to 15 crore which was 41 crore in 2015.
| Financial performance (in INR crore) | ||||||
| 2013 | 2014 | 2015 | 2016 | 2017 | ||
| Total revenue | 3.06 | 9.64 | 41.49 | 4.25 | 14.93 | |
| Total expenses | 2.79 | 9.67 | 9.33 | 3.66 | 8.12 | |
| Profit after tax | -16.88 | -60.76 | -26.42 | -92.54 | -73.88 | |
Company Promoters:
- Srei Infrastructure Finance Limited (“SREI”)
DRHP Draft Prospectus
Bharat Road Network IPO Registrar:
Karvy Computershare Private Limited
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: brnl.ipo@karvy.com
Website: www.karvycomputershare.com
Bharat Road Network IPO Lead Managers:
- INGA Capital
- Investec Capital Services (India)
- SREI Capital Markets
Bharat Road Network Limited
5th Floor (north east block),Vishwakarma Building,
86C Topsia Road (South)
Kolkata – 700 046
Phone: +91 33 6602 3609
Fax: +91 33 6602 3243
Email: corporate@brnl.in
Website: www.brnl.in
