Bharat Highways InvIT is a book-built issue of Rs 2,500.00 crore. The offering is wholly new, totaling 25 crore shares.
Bharat Highways InvIT accepts subscriptions on February 28, 2024 and concludes on March 1, 2024. The allotment for the Bharat Highways InvIT is expected to be completed on Monday, March 4, 2024. Bharat Highways InvIT will list on the BSE and NSE, with a tentative listing date of Wednesday, March 6, 2024.
Bharat Highways InvIT’s pricing range is ₹98-₹100 per share. The minimum lot size for an application is 150 shares. Retail investors are obliged to invest a minimum of ₹15,000. The minimum lot size investment for sNII is 14 lots (2,100 shares) worth ₹210,000, while for bNII, it is 67 lots (10,050 shares) worth ₹1,005,000.
Bharat Highways InvIT Details
| IPO Date | February 28, 2024 to March 1, 2024 |
| Listing Date | [.] |
| Face Value | Rs per share |
| Price Band | Rs 98 to Rs 100 per share |
| Lot Size | 150 Shares |
| Total Issue Size | 250,000,000 shares (aggregating up to Rs 2,500.00 Cr) |
| Fresh Issue | 250,000,000 shares (aggregating up to Rs 2,500.00 Cr) |
| Issue Type | Book Built Issue InvIT |
| Listing At | BSE, NSE |
Bharat Highways InvIT Timeline
| IPO Open Date | Wednesday, February 28, 2024 |
| IPO Close Date | Friday, March 1, 2024 |
| Basis of Allotment | Monday, March 4, 2024 |
| Initiation of Refunds | Tuesday, March 5, 2024 |
| Credit of Shares to Demat | Tuesday, March 5, 2024 |
| Listing Date | Wednesday, March 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 1, 2024 |
Bharat Highways InvIT Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | Rs 15,000 |
| Retail (Max) | 13 | 1950 | Rs 195,000 |
| S-HNI (Min) | 14 | 2,100 | Rs 210,000 |
| S-HNI (Max) | 66 | 9,900 | Rs 990,000 |
| B-HNI (Min) | 67 | 10,050 | Rs 1,005,000 |
