BHARAT ROAD NETWORK LIMITED
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.
OBJECTS OF THE ISSUE:
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.
PROMOTERS OF THE COMPANY:
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.
FINANCIALS THE COMPANY:
Profit and Loss:
Bid Details for BRNL as on 08-Sep-2017 17:00:01 IST
|Investor type||Shares Reserved||Bids Received(NSE+BSE)||No. of times|
|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, firstname.lastname@example.org|
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