🚗 Bharat Highways InvIT IPO to open for subscription on February 28 🚗
The Bharat Highways InvIT IPO is set to open for subscription on February 28. The company has fixed the price band for this IPO and aims to raise Rs 2,500 crore through it. Investors have until March 1 to invest.
Price Band: The price for Bharat Highways InvIT IPO is set at Rs 98-100 per share. Last year in December, the Infrastructure Investment Trust had filed the draft papers, and approval for the IPO was granted earlier this year.
Subscription Details: 75% of the shares in the IPO are reserved for institutional bidders, while 25% are reserved for non-institutional investors. Investors can bid in lots of at least 150 shares.
Utilization of Funds: The funds raised through the IPO will be used to lend to the project SPV to repay their outstanding loans and to meet the company’s general requirements.
About Bharat Highways InvIT: Bharat Highways InvIT is an infrastructure investment trust focused on investing and managing infrastructure assets in India. The trust aims to enhance the activities of infrastructure investment trusts in India by acquiring, managing, investing in, and participating in infrastructure assets in the country.
Portfolio: The company’s initial portfolio includes seven road assets operated on a hybrid annuity model basis in Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh, covering approximately 497.292 kilometers of constructed and operational roads.
Investors looking to participate in the Bharat Highways InvIT IPO should keep an eye out for updates and consider the potential investment opportunities it offers.
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