We intend to use part of proceeds for organic and inorganic growth

01 Jun 2017 CW Staff

Amount to be raised and utilisation plans:
At the current stage, we are awaiting SEBI approval, which is expected soon. The quantum of the issue size would be decided in consultation with our lead bankers. We intend to use part of the proceeds for organic and inorganic growth of the company.

Leveraging the IPO for debt removal:
Our debt levels are low and we have no plans to leverage the IPO proceeds to repay debt.

Current order book and utilisation plans, total operating assets: Most of the projects in our portfolio are already operational, and one is expected to be fully operational in the next few months. Currently, we have a project portfolio consisting of six BOT projects, of which two are operational under final COD, three under provisional COD, and one under construction.

Business model adopted and strategy for growth:
Our main business operations can be clearly divided into three categories of project development and implementation; operation and maintenance of tolling operations; and providing advisory and project management services to our projects. We are committed to focus on organic growth opportunities in the PPP model in roads and highway infrastructure in India. We see ourselves as an enabler for PPP projects while acting as a bridge between the public asset and project authority. We intend to leverage our asset management skill sets to attract best construction partners and institutional investors to implement projects. We intend to strengthen our presence by bidding for mid to large BOT projects in toll as well as under HAM. Over the next few years, we intend to remain focused on the operations, maintenance and development of our existing projects while seeking opportunities to expand our project portfolio.

Besides capitalising on primary market opportunities, we intend to focus on strengthening our position in the road infrastructure development business through increased activity in the secondary market.

BRNL is a road BOT company focused on development, implementation, operation and maintenance of road and highway projects. Having filed its DRHP with SEBI, Bajrang Choudhary, Managing Director, Bharat Road Network (BRNL), shares more on the company's utilisation plans... Amount to be raised and utilisation plans: At the current stage, we are awaiting SEBI approval, which is expected soon. The quantum of the issue size would be decided in consultation with our lead bankers. We intend to use part of the proceeds for organic and inorganic growth of the company. Leveraging the IPO for debt removal: Our debt levels are low and we have no plans to leverage the IPO proceeds to repay debt. Current order book and utilisation plans, total operating assets: Most of the projects in our portfolio are already operational, and one is expected to be fully operational in the next few months. Currently, we have a project portfolio consisting of six BOT projects, of which two are operational under final COD, three under provisional COD, and one under construction. Business model adopted and strategy for growth: Our main business operations can be clearly divided into three categories of project development and implementation; operation and maintenance of tolling operations; and providing advisory and project management services to our projects. We are committed to focus on organic growth opportunities in the PPP model in roads and highway infrastructure in India. We see ourselves as an enabler for PPP projects while acting as a bridge between the public asset and project authority. We intend to leverage our asset management skill sets to attract best construction partners and institutional investors to implement projects. We intend to strengthen our presence by bidding for mid to large BOT projects in toll as well as under HAM. Over the next few years, we intend to remain focused on the operations, maintenance and development of our existing projects while seeking opportunities to expand our project portfolio. Besides capitalising on primary market opportunities, we intend to focus on strengthening our position in the road infrastructure development business through increased activity in the secondary market.