Bharat Highways InvIT
In accordance with the activities allowed by the SEBI InvIT Regulations, Bharat Highways InvIT is an infrastructure investment trust that was established to purchase, manage, and invest in a portfolio of infrastructure assets in India.
The Sponsor is a transportation engineering specialist, offering testing services in the areas of NSV surveys, FWD surveys, road roughness testing, physical and chemical soil testing, lime and cement analysis, pavement design for roads and airports, and concrete and bituminous mix design. The first portfolio consists of seven road properties located in Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh that are all hybrid annuity model (HAM) compliant. The InvIT Assets, as of January 31, 2024, comprise about 497.292 kilometers of built and functional highways spanning five Indian states. These projects are owned, run, and maintained by the Project SPVs (Special Purpose Vehicles).
Bharat Highways InvIT Details
| Signature Global IPO Details | ||
|---|---|---|
|
Bharat Highways InvIT IPO Dates |
28 Feb – 1 Mar 2024 |
|
|
Bharat Highways InvIT Issue Price |
INR 98 – 100 per share |
|
|
Fresh issue |
250,000,000 shares (INR 2,500 crore) |
|
|
Offer For Sale |
NIL |
|
|
Total IPO Size |
250,000,000 shares (INR 2,500 crore) |
|
|
Minimum bid (size) |
150 shares (INR 15,000) |
|
|
Face Value |
INR 10 per share |
|
|
Retail Allocation |
25% |
|
|
Listing On |
BSE, NSE |
|
Bharat Highways InvIT Financial Performance
| Signature Global Financial Performance | ||||
|---|---|---|---|---|
|
|
FY21 |
FY22 |
FY23 |
H1 FY 24 |
|
Revenue |
2,153.97 |
1,585.70 |
1,509.49 |
368.07 |
|
Expenses |
1,936.07 |
1,515.86 |
816.49 |
252.97 |
|
Net income |
149.45 |
62.87 |
527.05 |
101.35 |
|
Margin (%) |
6.94 |
3.96 |
34.92 |
27.54 |
Figures in INR Crore unless specified otherwise