Bharat Highways InvIT IPO Commences IPO Subscription with Strong Anchor Investment

Bharat Highways InvIT IPO opened its subscription period today, aiming to raise significant capital through its Initial Public Offering. The IPO has garnered strong anchor investment, with 825.97 crore rupees raised from anchor investors on a previous day.

The IPO price band is set between 98 to 100 rupees per equity share, with a lot size of 150 equity shares. The IPO is structured to allocate a portion to Qualified Institutional Buyers (QIB) and Non-Institutional Investors (NII) as per SEBI regulations.

Bharat Highways InvIT operates with a focus on infrastructure assets, investing in and managing various Indian infrastructure projects. The trust holds a portfolio of seven highways across multiple states, operated under concession rights from NHAI.

From a financial perspective, the company showcased robust growth, with PAT increasing by 738.34% in the last fiscal year despite a marginal reduction in revenue. The net proceeds from the IPO will support general operations and loan provisions for existing debts.

The issue is managed by top financial institutions like HDFC Bank Limited, Axis Capital Limited, ICICI Securities Limited, and Citigroup Global Markets India Private Limited. KFin Technologies Limited serves as the Issue’s Registrar, with IDBI Trusteeship Services Limited acting as the Trustee.