Connect with us

Business

Bharat Highways InvIT IPO Commences IPO Subscription with Strong Anchor Investment

Published

on

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.

Rachel Adams

Times News Global es un portal dinámico de noticias en línea dedicado a brindar cobertura de noticias integral y actualizada en varios dominios, incluidos política, negocios, entretenimiento, deportes, seguridad, artículos, opiniones, medio ambiente, educación, tecnología y global. asuntos. Nuestro compromiso radica en compartir noticias que se basan en la exactitud de los hechos, la credibilidad, la verificabilidad, la autoridad y la profundidad de la investigación. Nos enorgullecemos de ser una organización de medios distintiva, guiada por los principios consagrados en el Artículo 19 de la Declaración Universal de Derechos Humanos. Al estar formados por un equipo de personas comunes y corrientes impulsados por una dedicación inquebrantable a descubrir la verdad, publicamos noticias sin prejuicios ni intimidación.