Anantam Highways Trust, a newly launched Infrastructure Investment Trust (InvIT), is set to make its stock market debut on Friday. Despite a strong subscription rate, the grey market indicates a listing at par with its issue price. Here's a comprehensive look at the InvIT's listing details and key financials:

Listing Details

• Listing Date: Friday
• Issue Price: ₹100 per unit
• Grey Market Premium: 0%
• IPO Size: ₹400 crore

Subscription Highlights

Trust Overview

Anantam Highways Trust operates seven highway projects spanning 271.65 km across five states and one union territory. The trust generates income through toll collections and annuity payments.

Financial Performance

Despite a decline in total income, the trust has shown a significant turnaround in profitability. The decrease in income is attributed to one-off adjustments.

IPO Proceeds Utilization

The trust plans to use ₹376 crore from the IPO proceeds primarily to fund loans to project Special Purpose Vehicles (SPVs) for debt repayment.

Key Stakeholders

• Sponsor: Alpha Alternatives Fund Advisors LLP
• Project Manager: Dilip Buildcon

The Anantam Highways InvIT's listing comes at a time when infrastructure investment is gaining traction in India. While the strong subscription rates, particularly from non-institutional investors, indicate investor interest, the zero grey market premium suggests a cautious market sentiment.

Investors should closely monitor the trust's performance post-listing, considering factors such as the broader economic environment, infrastructure sector trends, and the trust's ability to generate stable returns from its highway projects.

As always, potential investors are advised to conduct thorough research and consider their risk appetite before making investment decisions.

The initial public offering (IPO) of Anantam Highways Trust, an infrastructure investment trust focused on road and highway assets in India, concluded its three-day subscription period with a lukewarm response from investors. Here's a breakdown of the key details:

IPO Details

Subscription Breakdown

Key Highlights

• Anantam Highways Trust raised ₹180 crore from anchor investors prior to the public issue.
• The proceeds from the IPO will be utilized for funding infrastructure projects, debt repayment, and general corporate purposes.
• Nuvama Wealth Management served as the sole book running lead manager for the issue.

The underwhelming subscription rate of 0.70 times suggests a tepid response from investors, falling short of full subscription. The lack of a grey market premium further indicates subdued enthusiasm for the offering.

The infrastructure investment trust sector, which focuses on operating income-generating assets like roads and highways, has seen varying degrees of interest from investors in recent times. The muted response to Anantam Highways Trust's IPO may reflect current market sentiments towards the infrastructure sector or specific concerns related to the trust's assets and growth prospects.

Investors and market watchers will be keen to observe how the units perform upon listing, given the undersubscription of the IPO. The performance of Anantam Highways Trust post-listing could provide insights into investor appetite for infrastructure investment trusts in the current market scenario.