Anantam Highways Trust IPO subscribed 50% so far on day 2; here's what we know

Anantam Highways Trust IPO: The initial share sale of Anantam Highways Trust, an InvIT established to invest in, own and operate road assets in India, has received 50% subscription so far on the second day of bidding on Wednesday, October 8.

Anantam Highways Trust operates in the road and highway sector, with a portfolio of revenue-generating assets aimed at providing stable and predictable returns to investors. The Trust will have an initial portfolio of seven Project SPVs having an aggregate of 271.65 kms (1,086.60 lane kms).

The IPO received bids for 1,11,86,250 units against 2,24,49,000 units on offer, as per the consolidated data on NSE website updated till 12 noon. The portion reserved for institutional investors was booked 41%, while other investors part was subscribed 61%.

The Trust has kept aside 75% of the net offers for qualified institutional buyers, and the rest 25% for other investors.

The Alternatives Fund Advisors-sponsored infrastructure investment trust is raising ₹400 crore IPO by offering four crore units. The price band has been set at ₹98 to ₹100 per unit.

Proceeds to the tune of ₹376 crore will be used for providing loans to the Project SPVs for repayment of debt and the remainder for general purposes.

Anantam Highways Trust IPO: Key dates

Before the public offer, the InvIT had collected ₹180 crore from anchor investors, including WhiteOak Capital Mutual Fund, Trust Investment Advisors, SBI Capital Markets, Minerva Ventures, Reliance General Insurance Company and Edelweiss Life Insurance Company, among others.

On the financial front, the Trust had posted a profit after tax of ₹410.62 crore in the financial year 2024-25, compared to a loss of ₹160.05 crore a year back. Revenue from operations was at ₹926.54 crore as against ₹2,525.69 crore.

Nuvama Wealth Management Ltd is the sole bookrunning lead manager to the issue.