Brokers usually take bids until: Zerodha 4:45 PM, Groww 4:50 PM, Angel One and Upstox 5:00 PM (HNI 4:00 PM). Check the exact time with your broker or bank.
Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Subordinate Debt for Solapur Tollways Project
Advancing interest-free unsecured subordinate debt to subsidiary Solapur Tollways Private Limited to part-finance the STPL project.
Acquisition of Subordinated Debt in SPVs
Acquisition of subordinated debt in identified SPVs including STPL, KEPL, and MTPL held or advanced by SREI.
General Corporate Purposes
Funding general corporate requirements and ongoing operational activities.
No documents added yet.
(₹ in Crore)
Tap a bar to highlight a metric across periods and show its values.
Bharat Road Network Limited (BRNL) is an Indian road infrastructure development company focused on project development, implementation, operation, and maintenance of road and highway projects. Incorporated in 2006, the company operates primarily under the Build-Operate-Transfer (BOT) model, partnering with government authorities and concessionaires across multiple Indian states. The company manages a portfolio of toll road assets spanning national and state highway stretches in states including Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra, and Odisha. BRNL works closely with Special Purpose Vehicles (SPVs) to execute BOT toll projects, annuity projects, and hybrid annuity model assets, managing project lifecycle from financial closure through toll operations and maintenance. Promoted as part of the SREI infrastructure ecosystem, BRNL leverages strategic partnerships with regional engineering, procurement, and construction (EPC) contractors to deliver highway corridors. The company focuses on capital management, traffic evaluation, and operational efficiency across its road asset portfolio.
No anchor investors added yet.
Source: RHP • Analysis provided for informational purposes
Last Updated: 30 July 2026, 9:28 PM
Established Road Portfolio
BRNL holds an established portfolio of operational BOT toll and annuity road projects across multiple high-traffic highway corridors.
Sector-Focused Management
The management team brings extensive experience in road infrastructure asset management, project evaluation, and financial structuring.
Strategic EPC Partnerships
Collaboration with established regional EPC partners supports project execution, maintenance standards, and operational efficiency.
Capital Intensive Business with High Debt
Road BOT projects require significant capital expenditure, and debt servicing costs can impact profitability.
Traffic Volume and Toll Revenue Risk
Toll revenues depend on overall traffic growth and economic conditions, making cash flows susceptible to volume fluctuations.
Project Execution and Land Acquisition Delays
Delays in site handovers, environmental clearances, or regulatory approvals can lead to project cost overruns.
Bharat Road Network Limited
Plot No. X1-2 & 3, Ground Floor, Block-EP, Sector-V, Salt Lake City, Kolkata - 700091, West Bengal, India
View on Maps →No financial information whatsoever published anywhere, within this website, should be considered as an advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this website. The information on this website is based on information available as on date coupled with market perceptions.
You agree with the terms and conditions to use this website.
Grey-market disclaimer. GMP shown here is grey-market news only. We do not trade or deal in the grey market or subject-to rates, nor do we recommend trading in the grey market.
Not investment advice. IPO Nex is an information tool, not investment advice. We do not recommend buying or selling any securities. Always do your own research before applying to any IPO.
IPO Nex does not guarantee any listing gain or return. IPO investments are subject to market risks.
All times are IST.
© 2026 IPO Nex by Niota. All rights reserved.