Bharat Highways Invit IPO - Review & Fundamental Analysis

Bharat Highways Invit IPO 

Bharat Highways Invit IPO consists of a fresh issue of 2,500 crore shares. The company seeks funds for SPVs’ loan repayments and general expenses. 

Bharat Highways Invit IPO – Important Details 

Bharat Highways Invit IPO DateFebruary 28, 2024 to March 1, 2024
Bharat Highways Invit IPO Listing DateMarch 6, 2024
Bharat Highways Invit IPO PriceINR 98-100 per share
Bharat Highways Invit IPO Lot Size150 Shares
Bharat Highways Invit IPO Total Issue SizeINR 2,500 crores
Bharat Highways Invit IPO Basis of AllotmentMarch 4, 2024
Bharat Highways Invit IPO Initiation of RefundsMarch 5, 2024
Bharat Highways Invit IPO Credit of Shares to DematMarch 5, 2024
Bharat Highways Invit IPO Issue TypeBook Built Issue
Bharat Highways Invit IPO Listing AtBSE NSE

Bharat Highways Invit IPO  – Company Profile 

Bharat Highway, an Indian infrastructure investment trust, operates under SEBI InvIT Regulations, acquiring and managing a diverse portfolio of infrastructure assets across the country. 

The Sponsor, proficient in transportation engineering testing services, operates a NABL-accredited laboratory. Its Associate, NMHPL, excels in road construction with over six years of experience, ensuring compliance with SEBI InvIT Regulations. 

The initial portfolio comprises seven road assets operating on a HAM basis across Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh. These roads are operated under NHAI concession rights and are owned by Project SPV, wholly owned by GRIL. 

Bharat Highways Invit IPO  – Fundamental Analysis 

Bharat Highways Invit’s IPO financials reveal a mixed performance with declining revenue but significant profitability improvements and enhanced financial stability, presenting a nuanced investment opportunity in the infrastructure sector that demands careful consideration of its long-term prospects.

Revenue Trends:

The company experienced a decline in revenue from ₹21,539.65 million in 2021 to ₹15,094.87 million in 2023. This downward trend may raise concerns about the company’s revenue-generating capabilities and market conditi