APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

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Bharat Road Networks / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/24009" target="_blank" data-smartkarma-citation="entities:24009:1">Bharat Road Networks (BHARAT IN)</a> is raising approximately US$94m in its upcoming IPO through a fresh issue of 29.3m shares. Proceeds raised will be used for advancing and acquiring debt from its subsidiary and SPVs.</p><p>In this insight, we will summarize the key arguments from our previous insight, <a href="https://www.smartkarma.com/insights/bharat-road-network-pre-ipo-review-young-road-assets-but-no-guarantees-on-dividend" target="_blank" data-smartkarma-citation="insights:12821">Bharat Road Network Pre-IPO Review - Young Road Assets but No Guarantees on Dividend</a>, and update the peer valuation table.</p><hr><div><h2>Deal and framework score overview</h2></div><p>The below embed is from our IPO tool, which has…</p>

Bharat Road Networks (BHARAT IN) is raising approximately US$94m in its upcoming IPO through a fresh issue of 29.3m shares. Proceeds raised will be used for advancing and acquiring debt from its subsidiary and SPVs.In this insight, we will summarize the key arguments from our previous insight, Bharat Road Network Pre-IPO Review - Young Road Assets but No Guarantees on Dividend, and update the peer valuation table.Deal and framework score overviewThe below embed is from our IPO tool, which has…

Bharat Road Networks IPO Review - Sum of Apportioned EBITDA Still Yields Higher Valuation than Peers

<p><a href="https://www.smartkarma.com/entities/24009" target="_blank" data-smartkarma-citation="entities:24009:1">Bharat Road Networks (BHARAT IN)</a> (BRNL) is planning to raise approximately US$100m in its upcoming IPO. Proceeds will be mainly used to pay down debt and finance general working capital of the company.</p><p>BRNL is a road Build-Operate-Transfer (BOT) company in India focused on development implementation, operation, and maintenance of roads and highways projects. The company is a subsidiary of <a href="https://www.smartkarma.com/entities/4927" target="_blank" data-smartkarma-citation="entities:4927:1">Srei Infrastructure Finance (SREI IN)</a>.</p><p>In this insight, we will discuss the assets that BRNL operates, the road development and operation industry, as well as regulation and problems that the company may face in the future. We will also compare the company against other India road development peers.</p>

Bharat Road Networks (BHARAT IN) (BRNL) is planning to raise approximately US$100m in its upcoming IPO. Proceeds will be mainly used to pay down debt and finance general working capital of the company.BRNL is a road Build-Operate-Transfer (BOT) company in India focused on development implementation, operation, and maintenance of roads and highways projects. The company is a subsidiary of Srei Infrastructure Finance (SREI IN).In this insight, we will discuss the assets that BRNL operates, the road development and operation industry, as well as regulation and problems that the company may face in the future. We will also compare the company against other India road development peers.

Bharat Road Network Pre-IPO Review - Young Road Assets but No Guarantees on Dividend

India

MEP Infrastructure Developers Limited is a toll management company. The Company operates and maintains roads, highways, bridges, and toll plazas. MEP Infrastructure Developers serves customers in India.

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MEP Infrastructure Developers (MIDL IN)

Bharat Road Networks IPO Review - Sum of Apportioned EBITDA Still Yields Higher Valuation than Peers

Bharat Road Networks (BHARAT IN) is raising approximately US$94m in its upcoming IPO through a fresh issue of 29.3m shares. Proceeds raised will be...

Zhen Zhou, Toh

Bharat Road Network Pre-IPO Review - Young Road Assets but No Guarantees on Dividend

Bharat Road Networks (BHARAT IN) (BRNL) is planning to raise approximately US$100m in its upcoming IPO. Proceeds will be mainly used to pay down...

Zhen Zhou, Toh

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