Anantam Highways Trust Ltd.'s initial public offer opened for its second day of subscription on Wednesday. The IPO was subscribed 0.33 times on its second day.
The infrastructure investment trust's Rs 400 crore IPO would conclude on Oct. 9. The price band has been fixed at Rs 98-100 per unit.
Anantam Highways Trust, an InvIT established to invest in, own and operate road assets in India. The company operates in the road and highway sector, with a portfolio of revenue-generating assets aimed at providing stable and predictable returns to investors.
The company has collected Rs 180 crore from anchor investors.
Proceeds from the public issue are expected to be utilised for funding infrastructure projects, debt repayment, and general corporate purposes.
Nuvama Wealth Management Ltd is the sole book running lead manager to the issue.
IPO Details
Issue opens: Oct. 7.
Issue closes: Oct. 9.
Issue price: Rs 98-100.
Fresh issue: 4 crore shares
Issue size: Rs 400 crore
Issue type: Bookbuilding InvIT
Subscription Status: Day 2
The Anantam Highways Trust IPO was subscribed 33% as of 5 p.m. on Wednesday.
Qualified institutional buyers: 0.24 times
Other investors: 0.43 times
IPO GMP
The grey market premium for the IPO stood at nil, as of 5:55 p.m. on Oct. 8, according to InvestorGain.
GMP or grey market price is not an official indicator and is based on market speculation.
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