Infra Sector

The company has also been declared the lowest bidder for a project worth ₹918 Crore by the Brihanmumbai Municipal Corporation (BMC).

The IPO will feature a fresh issue of shares without any offer-for-sale component.

Over the past year, GR Infraprojects Ltd stock has witnessed a 36% gain, and it has gained 49% since the beginning of the current year.

Ferrovial anticipates the transaction to close by the end of April 2024.

Before the IPO opened, Bharat Highways InvIT secured ₹825.97 Crores from anchor investors.

The project is scheduled to be completed within 15 months from the date of Letter of Award (LOA).

Bharat Highways InvIT, which boasts a portfolio of seven road assets, launched the IPO with the goal of raising ₹2,500 Crore

Bharat Highways InvIT aims to gather ₹2,500 Crore via its initial public offering, with ₹664.5 Crore already secured from the sponsor.

According to the customer's demands, the company will provide a variety of optical fibre cables; the order must be completed by June 2024.

The concession agreement is expected to be signed within 30 days of the issuance of the LoA, following the terms outlined in the request for proposal (RFP).