Bharat Highways Invit IPO opens for subscription. Should you bid?
Bharat Highways Invit has opened for subscription today. The company plans to raise about Rs 2,500 crore by offering its units in the public offer.
The net proceeds from the issue will be utilised for providing loans to the project SPVs for repayment of loans and for other general corporate purposes.
Bharat Highways Invit IPO review
Analysts advised investors to subscribe to the issue as the Invit seeks to expand its asset base through strategic acquisitions. It may also benefit from the government's enhanced focus on infrastructure.
The government targets constructing 100 km of highways daily and plans to build 65,000 km of national highways, with enhanced public investment.
Bharat Highways Invit IPO opens on Wednesday. 10 things to know about Rs 2,500-cr offer
Arihant Capital has a subscribe recommendation on the IPO, saying the company's future depends on its ability to successfully navigate factors such as fluctuations in interest rates and inflation as well as reliance on government assistance.
Bharat Highways Invit IPO price band
Bharat Highways Invit has priced the IPO in the range of Rs 98-100 per unit. About 75% of the issue will be available for allocation on a proportionate basis to institutional investors, and 25% will be available for non-institutional investors.
Other details
Bharat Highways Invit is an infrastructure investment trust established to acquire, manage and invest in a portfolio of infrastructure assets in India and to carry on the activities of an infrastructure investment trust,
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