Bharat Road Network IPO
Bharat Road Network Limited (BRNL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 18 September 2017.
Listed 18 Sep
Subscribed 1.81x
Listing gain +0.0%
Issue details
Price band
₹195–205
Issue price
₹205
Lot size
73 shares
Min. retail bid
₹14,965
Max. retail bid
13 lots (₹1,94,545)
Issue size
₹1,276 Cr
Face value
₹10
Bidding
06 Sep – 08 Sep 2017
Listing
18 Sep 2017
Retail quota
10% (75% QIB issue)
Registrar
Karvy Computer Share Private Limited
Listing day
Listed at
₹205
0.0% vs issue price ₹205
Day's high
₹219
+6.8% · low ₹195 (-4.7%)
Day's close
₹208
+1.7% · traded ₹724 Cr
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 2,19,75,000 | 2,91,64,230 | 1.33x | |
| NII (HNI) total | 43,95,000 | 71,78,674 | 1.63x | |
| Retail | 29,30,000 | 1,66,62,250 | 5.69x | |
| Total | 2,93,00,000 | 5,30,05,154 | 1.81x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 26% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Bharat Road Network's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Tejas NetworksJun 2017 | 2.16x | 0.48x | 3.10x | 1.88x | ₹803 Cr | 0.0% | +5.6% |
| Infibeam IncorporationMar 2016 | 0.86x | 2.23x | 1.31x | 1.11x | ₹1,148 Cr | +4.9% | +8.1% |
| Precision CamshaftsJan 2016 | 2.62x | 0.73x | 2.01x | 1.91x | ₹424 Cr | -11.3% | -0.5% |
| Eris LifesciencesJun 2017 | 4.68x | 0.45x | 3.51x | 3.29x | ₹1,741 Cr | +1.3% | +4.2% |
| L&T Technology ServicesSep 2016 | 5.01x | 1.03x | 1.75x | 2.53x | ₹894 Cr | +7.0% | +8.3% |
| GTPL HathwayJun 2017 | 1.48x | 2.85x | 0.99x | 1.53x | ₹492 Cr | 0.0% | +2.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Inga Capital | — | — | — |
| Investec Capital Services (India) | — | — | — |
| Srei Capital Markets | — | — | — |
Offer documents (NSE)
Frequently asked
What is the Bharat Road Network IPO price band and lot size? ₹195–205 per share, with a lot of 73 shares, so the smallest retail bid is ₹14,965.
How many times has it been subscribed? 1.81x overall: QIB 1.33x, NII 1.63x, retail 5.69x.
How did it list? It opened at ₹205, +0.0% against the issue price of ₹205, and closed its first day +1.7%.
Other IPOs of 2017
Astron Paper & Board MillsFuture Supply Chain SolutionsShalbyHDFC Standard Life Insurance CompanyKhadim IndiaThe New India Assurance CompanyMahindra LogisticsReliance Nippon Life Asset Management
All 2017 IPOs →
Important: The AI listing estimates on Flash Finance are statistical estimates drawn from
how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell,
and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any
estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be
revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring
Prospectus and consult a SEBI-registered adviser before you invest.
