I''ve not applied for BRNL and it''s board says allotment is out, have a look (copied from BRNL board)
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Bharat Road Network Limited IPO (Bharat Road Network IPO) Detail
Sep 6, 2017 - Sep 8, 2017
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Incorporated in 2006, Bharat Road Network Limited, a subsidiary of SREI Infrastructure Finance Ltd is engaged in the business of development, implementation, operation, and maintenance of roads/highways projects.
Bharat Road 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.
Company offers a range of project management services, including design, engineering, and quality control, as well as engineering, processing, and construction management; and project advisory services, such as project management consultancy, project conceptualization, commissioning, and operation and management of the projects, as well as undertakes debt syndication, refinancing, and financial restructuring of its projects.
Their 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.
Company Promoters:
The Promoters of the company are:
1. Srei Infrastructure Finance Limited ("SREI")
2. Make in India Fund
Company Financials:
Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 12,323.91 8,368.03 6,289.65 5,159.45 3,277.50
Total Revenue 149.28 42.52 414.88 96.40 30.59
Profit After Tax (738.85) (925.44) (264.22) (607.61) (168.77)
Objects of the Issue:
The object of the issue are:
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.
Issue Detail:
»» Issue Open: Sep 6, 2017 - Sep 8, 2017
»» Issue Type: Book Built Issue IPO
»» Issue Size: 29,300,000 Equity Shares of Rs 10 aggregating up to Rs 600.65 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 195 - Rs 205 Per Equity Share
»» Market Lot: 73 Shares
»» Minimum Order Quantity: 73 Shares
»» Listing At: BSE, NSE
Tentative timetable in respect of the Offer:
Bid/Offer Opens On: September 06, 2017
Bid/Offer Closes On: September 08, 2017
Finalisation of Basis of Allotment: On or about September 13, 2017
Initiation of refunds: On or about September 14, 2017
Credit of Equity Shares to demat accounts: On or about September 14, 2017
Commencement of trading of the Equity Shares on the Stock Exchanges: On or about September 18, 2017
Bharat Road Network IPO Reviews:
Bharat Road Network Limited IPO review by Dilip Davda
Bharat Road Network IPO Recommendations:
Capital Market Review
Issue Subscription Detail / Current Bidding Status
Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Total
Shares Offered / Reserved 21,975,000 4,395,000 2,930,000 29,300,000
Day 1 - Sep 6, 2017 17:00 IST 0.1900 0.0100 0.7600 0.2200
Day 2 - Sep 7, 2017 17:00 IST 0.5200 0.6300 2.0700 0.7000
Day 3 - Sep 8, 2017 17:00 IST 1.3300 1.6300 5.6900 1.8100
Bharat Road Network IPO Prospectus
› Draft Prospectus with SEBI
› Red Herring Prospectus
Bharat Road Network IPO Rating
777
3.5
Rating:
Bharat Road Network IPO News Alerts
Friday, September 8, 2017 12:00:00 AM
Bharat Road Network Limited IPO - Close
Wednesday, September 6, 2017 12:00:00 AM
Bharat Road Network Limited IPO - Open
Company Contact Information
Bharat Road Network Limited
Mirania Gardens,
10B/1, Topsia Road (East),
Kolkata – 700 046
Phone: +91 33 4409 9140
Fax: +91 33 6602 3243
Email: corporate@brnl.in
Website: http://www.brnl.in
Bharat Road Network IPO Registrar
Karvy Computershare Private Limited » Report
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India
Phone: +91-40-23312454
Fax: +91-40-23311968
Email: brnl.ipo@karvy.com
Website: http://karisma.karvy.com
Bharat Road Network IPO Lead Manager(s)
1. INGA Capital Pvt Ltd » Report
2. Investec Capital Services (India) Pvt Ltd » Report
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Bharat Road Network IPO Review / Comments
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201. IPO super analyst Sep 14, 2017 12:56:03 PM IST | Reply
allotment not out
200. Nikit Lodha Sep 14, 2017 12:50:07 PM IST | Reply
Pls send link.
199. Krishna Kishore Sep 14, 2017 12:47:40 PM IST | Reply
Allotment has not started. Please don''''t spread rumours.
198. MITESH A BHANDARI Sep 14, 2017 12:45:55 PM IST | Reply
ALLOTMENT LINK
197. Anupam Karamchandani Sep 14, 2017 12:37:49 PM IST | Reply
After viewing so many negative report i was hoping to not to allot any lot
But unfortunately i have been alloted for 1 application
I applied for three though
196. TARUN MAHAWAR Sep 14, 2017 12:35:33 PM IST | Reply
I HAVE ALLOTED BRNL 73 SHARE, WHAT PRICE WILL BE LISTED.
195. Neelu Jain Sep 14, 2017 12:20:46 PM IST | Reply
again bad luck no allotment received message right now....
194. IPO Fear Sep 14, 2017 12:13:19 PM IST | Reply
Alloted 73 share.
I don''t believe in spreading rumours, i genuinely believe in sharing useful infos only.