Bharat Highways InvIT

(BHINVIT)

Bharat Highways InvIT was established on 16th June 2022 as an irrevocable trust pursuant to the Trust Deed under provisions of the Indian Trusts Act 1882. The Trust is registered as an Indian Infrastructure Investment Trust with SEBI dated 3rd August 2022. Pursuant to the Amended and Restated Trust Deed dated December 8 2022 Lokesh Builders Private Limited was inducted as the new sponsor of the InvIT replacing G R Infraprojects Limited. Bharat Highways is an Infrastructure Investment Trust established to acquire manage and invest in a portfolio of infrastructure assets in India and to carry on the activities of an infrastructure investment trust as permissible under the SEBI InvIT Regulations. The Sponsor is a Private Company Limited by Shares and an entity forming part of the GR Group. Currently the assets are owned by GRIL an associate of the sponsor. GRIL is the flagship entity of GR Group and is engaged in integrated road engineering procurement and construction in design and construction of various road/highway projects across 16 states in India and more than 100 road construction projects executed since 2006. The GR Group carries out its operations through GRIL and other entities primarily in three categories: i civil construction activities under which it provides EPC services ii development of roads highways on a BOT basis including under annuity and HAM and iii manufacturing activities under which GRIL processes bitumen manufactures thermoplastic roadmarking paint electric poles and road signage and fabricates and galvanizes metal crash barriers. The Sponsor holds 31.83 as of September 30 2022 of the issued subscribed and paidup equity share capital of GRIL and is an identified promoter of GRIL. Their initial portfolio assets consist of 7 road assets all operating on HAM basis in the states of Punjab Gujarat Andhra Pradesh Maharashtra and Uttar Pradesh. These SPV projects include PorbandarDwarka Expressway VaranasiSangam Expressway GR SangliSolapur Highway GR AkkalkotSolapur Highway GR Phagwara Expressway GR Dwarka Devariya Highway Private Limited and GR GundugolanuDevarapalli Highway. These roads are operated and maintained pursuant to concession rights granted by the NHAI and are owned and operated by the Project SPVs which are currently wholly owned by GRIL an Associate of the Sponsor.Bharat Highways InvIT has filed draft prospectus with the Sebi to raise Rs. 2000 crore via an issue of units to the public through an initial public offering IPO..

Share Price: ₹113.39 per share as on 14 Nov, 2024 09:39 AM
Market Capitalisation: ₹5,034.88Cr as of today
Revenue: ₹156.01Cr as on September 2024 (Q3 24)
Net Profit: ₹104.32Cr as on September 2024 (Q3 24)
Listing date: 12 Mar, 2024