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.

Anantam Highways Trust InvIT, an infrastructure investment trust focusing on highway projects, has opened its Initial Public Offering (IPO) for subscription. Here's a detailed breakdown of the offering and what potential investors need to know:

IPO Details

About Anantam Highways Trust InvIT

Anantam Highways Trust InvIT owns and operates seven highway projects across India:

• Total road length: 271.65 km
• Geographic spread: Five states and one union territory
• Revenue model: Toll collections and annuity payments
• Project Manager and Investment Manager: Dilip Buildcon

Financial Performance

This significant turnaround in profitability showcases the trust's improved financial performance over the past year.

Use of IPO Proceeds

The company plans to utilize Rs 376 crore from the IPO proceeds to provide loans to its project subsidiaries for debt repayment. This move is likely aimed at strengthening the trust's financial position and reducing interest costs.

Investor Categories

The IPO has been structured to cater to different investor segments:

• Up to 75% of the issue reserved for Qualified Institutional Buyers (QIBs)
• At least 25% allocated for Non-Institutional Investors (NIIs)

Market Sentiment

As of now, the grey market premium for Anantam Highways Trust InvIT stands at zero percent. This neutral stance in the grey market could indicate cautious investor sentiment towards the IPO.

Potential investors should carefully consider the trust's operational history, financial performance, and the overall infrastructure sector outlook before making an investment decision. As always, it's advisable to read the offer document and consult with financial advisors to understand the risks and potential rewards associated with this investment opportunity.