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Issuer Company
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Bharat Road Network Limited
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Bid/Issue Period
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Bid/Issue Opens : Wednesday, September 06, 2017
Bid/Issue Closes : Friday, September 08, 2017
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Price Band
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Rs. 195 - Rs. 205 per equity shares
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Bid Lot
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73 Equity Shares and in multiples thereof
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Issue Size Total No of Shares
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2,93,00,000 Equity shares
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Face Value
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Rs.10/- per share
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QIB
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75% of the Issue Size i.e. 2,19,75,000 equity shares
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Non-Institutional
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15% of the Issue size i.e. 43,95,000 equity shares
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Retail
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10% of the Issue size i.e. 29,30,000 equity shares
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Registrar
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Karvy Computershare Private Limited
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Listing
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BSE & NSE
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The Company may consider participation by Anchor Investors in accordance with the SEBI ICDR Regulations. The Anchor Investor Bid/Issue Period, if any, shall be one Working Day prior to the Bid/Issue Opening Date.
Company Overview:
Incorporated in 2006, Bharat Road Network Limited is a Road and Highways BOT Company focused on development, implementation, operation and maintenance of national and state highways in several states in India with projects in Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra and Odisha. The Company successfully operates projects through partnerships with experienced EPC players in the local space, wherever the project is located.
Company Highlights:
· Diversified Portfolio of 6 Road Projects having Project Cost of around Rs. 6,685.76 crores
· 5 Operational and 1 Under Construction Road Projects covering 2,095.40 Lane KMS across 6 States
· Portfolio of Road Assets with average residual concession period of approx 18 years & 6 months
· Experienced management team supported by an independent Board of Directors
For any further details you may contact the undersigned.
Bharat Road Network Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a the Red Herring Prospectus with the Registrar of Companies, Kolkata. The Red Herring Prospectus is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the Book Running Lead Managers at www.ingacapital.com, https:
The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“U.S. Securities Act”) or any state securities laws in the United States, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares will only be offered and sold outside the United States in "offshore transactions" in reliance on Regulation S under the U.S. Securities Act.
Retail Payment Chart:-
IPO : Bharat Road Network Ltd - IPO
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Bid / Offer Opens on : Wednesday 06th September'2017
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Bid / Offer Closes on : Friday September 08th '2017
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Price Band
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Rs.195 - Rs.205
| |
Bid Lot :
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73 Equity shares & multiple of 73 equity shares thereafter.
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Retail Application matrix
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Compulsory ASBA Mode under Syndicate ASBA
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No Cheques will be accepted
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No of Shares
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Cut Off ( per share)
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Amount
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73
|
205
|
14965
|
146
|
205
|
29930
|
219
|
205
|
44895
|
292
|
205
|
59860
|
365
|
205
|
74825
|
438
|
205
|
89790
|
511
|
205
|
104755
|
584
|
205
|
119720
|
657
|
205
|
134685
|
730
|
205
|
149650
|
803
|
205
|
164615
|
876
|
205
|
179580
|
949
|
205
|
194545
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Registrar - Karvy Computer Share Pvt Ltd
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