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. 2,000 crore via an issue of units to the public through an initial public offering (IPO).
What is the current share price of Bharat Highways InvIT today on both NSE and BSE?
Bharat Highways InvIT shares are currently priced at 112.99 on NSE and 113.06 on BSE as of 9/17/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.
How has Bharat Highways InvIT [BHINVIT] shares performed in the past ?
The past 1-year return of Bharat Highways InvIT [BHINVIT] share was 0. The Bharat Highways InvIT [BHINVIT] share hit a 1-year low of Rs. 101.1 and a 1-year high of Rs. 118.88.
What is the market cap of Bharat Highways InvIT [BHINVIT] ?
The market cap of Bharat Highways InvIT is Rs. 5004.32 Cr. as of 9/17/2024 12:00:00 AM.
What is the current P/E ratio of Bharat Highways InvIT [BHINVIT] share price ?
The PE ratios of Bharat Highways InvIT is 212.64 as of 9/17/2024 12:00:00 AM.
What is the current PB ratio of Bharat Highways InvIT [BHINVIT] share price ?
The PB ratios of Bharat Highways InvIT is 0.99 as of 9/17/2024 12:00:00 AM
How can I buy Bharat Highways InvIT shares?
You can easily buy Bharat Highways InvIT shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.