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5mo ago

Anantam Highways Trust IPO 41% Subscribed on Day 1 as Bidding Continues Through Oct. 9

Funds raised will primarily be lent to project companies to reduce debt at its operating road assets.

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Overview

  • The InvIT is targeting Rs 400 crore through a fully fresh issue of 4 crore units priced at Rs 98–100 each.
  • Subscriptions reached 41% on the first day of the offer, with the second day of bidding underway.
  • The trust raised about Rs 180 crore from 11 anchor investors ahead of the public issue.
  • Approximately Rs 376 crore of the proceeds are earmarked to provide loans to SPVs for debt repayment, with the balance for general purposes.
  • The portfolio comprises seven operational highway projects spanning 271.65 km across five states and one union territory, with allotment slated for Oct. 14 and a planned NSE/BSE listing on Oct. 17.