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

IRB Investment Trust - When Even 12%+ Yield Is Probably Just About Enough

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