Last Updated-Dec 28, 2017 @ 8:21 pm

bharat road network ipo


♦ ISSUE PERIOD : 6th Sep to 8th Sep
♦ PRICE: Rs 195 - Rs 205
♦ Lot Size: 73 shares
♦ Issue Size: 29,300,000 shares
♦ Listing at:  
BSE  and  NSE



Bharat Road Network Limited, (BRNL) is a road BOT company in India, focused on development, implementation, operation and maintenance of roads/highways projects. The Company was incorporated in 2006 as a developer and operator for highways, road and related projects on a BOT basis.

BRNL is 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.

They have a 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.

BRNL's Projects operational under Final COD and Projects operational under Provisional COD cover approximately 1,622.44 lane kms, including major and minor bridges and approximately 12 lane kms and 60.72 lane kms under are under construction at the GAEPL Project and SJEPL Project, respectively for which they are awaiting final COD. Their Project under Construction involves development of 400.24 lane kms, including major and minor bridges.


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.


A. Srei Infrastructure Finance Limited (“SREI”)

The board of directors of SREI as on the date of filing Red Herring Prospectus comprises the following:

1. Mr. Hemant Kanoria
2. Mr. Sunil Kanoria
3. Mr. Srinivasachari Rajagopal
4. Mr. Shyamalendu Chatterjee
5. Dr. Punita Kumar Sinha
6. Dr. Tamali Sengupta
7. Mr. T.C.A. Ranganathan
8. Mr. Ram Krishna Agarwal

B. Make in India Fund – A scheme of Manufacturing Value Addition Fund (“Make in India Fund”)

Make in India Fund is managed by SAIML, a wholly owned subsidiary of SREI having its registered office at
Vishwa Karma, 86C Topsia Road (S), Kolkata, West Bengal – 700 046. The board of directors of SAIML currently
comprises the following:
i. Shashi Bhushan Tiwari;
ii. Chandra Shekhar Samal;
iii. Susil Kumar Pal; and
iv. Sanjeev Sancheti.


Balance sheet:

bharat road network ipo

Profit and Loss:

bharat road network ipo

Cash Flow:

bharat road network ipo

Source: DRHP


Bid Details for BRNL as on 08-Sep-2017 17:00:01 IST

Investor type Shares Reserved Bids Received(NSE+BSE) No. of times
QIBs 21975000 29164230 1.33
NIIs 4395000 7178674 1.63
RIIs 2930000 16035983 5.47
Total 29300000 52378887 1.79

Are you fed-up with high brokerage charges??
Invest in IPOs and Stocks at ZERO brokerage!!! 

Rate this IPO

[Total: 3    Average: 2.7/5]


Symbol BRNL
Issue Period 06-Sep-2017 to 08-Sep-2017
Post issue Modification Period 09-Sep-2017 to 11-Sep-2017 (10.00 A.M. to 1.00 P.M.)
Issue Size Initial Public offer of upto 29,300,000 Equity Shares
Issue Type 100% Book Building
Price Range Rs 195 to Rs 205
Face Value Rs 10
Tick Size Re 1
Bid Lot 73 Equity Shares and in multiples thereof
Minimum Order Quantity 73 Equity Shares
Maximum Subscription Amount for Retail Investor Rs. 2,00,000
IPO Market Timings 10.00 a.m. to 5.00 p.m.
Book Running Lead Managers Inga Capital Private Limited, Srei Capital Markets Limited (?SCML?) and Investec Capital Services (India) Private Limited
Syndicate Members Antique Stock Broking Limited, AUM Capital Market Private Limited and SPA Securities Limited
Categories FI, IC, MF, FII, OTH, CO, IND, NOH and EMP
Name of the Registrar Karvy Computer Share Private Limited
Address of the Registrar Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad ,Telangana 500 032, India
Contact person name number and Email id M Murali Krishna , +91 40 6716 2222,

Source: BSE


You can check the allotment status here»
(Note: Allotment status gets updated after around 2-3 weeks of issue closure)


Stop paying high brokerage!!
Pay ZERO brokerage for IPOs

Popular articles:


IPO News