Bharat Highways InvIT IPO Day 1: Issue subscribed over 0.37 times; check GMP, other details
₹825.97 crore from anchor investors on Tuesday, February 27. The company notified the exchanges that it allocated 8,25,97,350 equity shares at ₹100 apiece. Also read: Bharat Highways InvIT IPO opens today: Check GMP, subscription status, review, key dates, more.
Apply or not? Bharat Highways Infrastructure Investment is an infrastructure investment trust established to acquire, manage, and invest in a portfolio of infrastructure assets in India. The Trust is authorized to carry on the activities of an infrastructure investment trust under the SEBI InvIT Regulations. The purpose of Bharat Highways Infrastructure Investment, an infrastructure investment trust, is to purchase, supervise, and invest in a variety of Indian infrastructure assets.
According to the SEBI InvIT Regulations, the Trust is permitted to conduct infrastructure investment trust operations. Also read: Bharat Highways InvIT IPO: Infra investment trust raises ₹825.97 crore from anchor investors ahead of IPO The Bharat Highways InvIT IPO was subscribed over 0.37 times on February 28. The issuereceived bids of 3,83,46,450 units against the offered 10,30,12,800 units, according to the data available on the stock exchanges.
Other Investors Portion was subscribed 0.81 times and Institutional Investors Portion are still to see traction. It is to be noted that Bharat Highways InvIT IPO has no retail portion. Only the NII and QIB portion is available.
Read more on livemint.com
