Bharat Highways Invit IPO will open on 28th February 2024 and will be closed on March 1, 2024. Through this IPO, Bharat Highways Invit going to raise ₹2,500 crore. Bharat Highways Invit IPO price band is expected to come shortly. In this IPO, Axis Capital, ICICI Securities, HDFC Bank, and IIFL Securities are appointed as lead managers for the issue. Let’s find out more details about this Initial Public Offer.
Currently, Dalal Street is excited for this latest IPO and retail investors are also getting curious to know more about the company’s financials and past performance. Bharat Highways Invit IPO DRHP was filed in December 2023. The approval for the IPO came in early 2024.
The IPO will open on Wednesday, February 28, 2024, and will end on March 1, 2024. The basis of allotment will come on March 4, 2024, and Bharat Highways Invit will be listed on the stock exchange on March 6, 2024. The IPO subscription will be available on our website with the latest updates on day-wise data. The subscription will start on 28th Feb 2024.
Bharat Highways Invit will raise funds ₹2,500 crores and will use the funds to repay its outstanding loans, inclusive of any accrued interest and prepayment penalties. The company is prominently known as a big name in the infrastructure industry. It is an Infrastructure Investment trust.
In this initial Public Offer, 75% of the issue is allocated for Qualified Institutional Buyers and 25% is reserved for NII (HNI).
Discussing the financials of the company, During FY22, Bharat Highways Invit has marked a revenue of ₹1600 compared to ₹2170.39 crore in FY21. In the FY23, the company achieved ₹1,537.47. As per the latest data, Bharat Highways Invit has marked ₹388 crore in revenue till September 2023 of FY24. The company is getting attention among investors now and may have good subscriptions after getting open in the market. Read more latest business news on our website.