Bharat Road Network Limited IPO
Bharat Road Network Limited was a mainboard IPO in the Road Assets - Toll Annuity Hybrid-Annuity sector, offered at ₹195–₹205 per share to raise ₹601 crore. The issue was subscribed 1.81× overall (QIBs 1.33×, NIIs 1.63×, retail 5.69×). It listed on 18 Sep 2017 at ₹205 and closed its first day at ₹208, a listing gain of +1.7% versus the ₹205 issue price. It now trades around ₹14 (-93.2% versus the issue price).
Frequently asked questions
- How many times was the Bharat Road Network Limited IPO subscribed?
- The Bharat Road Network Limited IPO was subscribed 1.81× overall — 1.33× in the QIB category, 1.63× among non-institutional investors, 5.69× in retail.
- What were the Bharat Road Network Limited IPO listing gains?
- Bharat Road Network Limited listed on 18 Sep 2017 at ₹205, closing its first day at ₹208 — a listing gain of +1.7% versus the ₹205 issue price.
- What were the retail allotment odds for the Bharat Road Network Limited IPO?
- Retail was subscribed 5.69×, so a single-lot application had roughly a 17.6% chance of allotment (about 1 in 6), and allotment was finalised on 12 Sep 2017.
- What was the price band and lot size of the Bharat Road Network Limited IPO?
- The price band was ₹195–₹205 per share, with a minimum lot of 73 shares (₹14,965 at the upper band).
- Who were the registrar and lead manager for the Bharat Road Network Limited IPO?
- Karvy Computer Share Private Limited was the registrar, and Inga Capital was the book-running lead manager.