Anantam Highway Trust IPO Analyzed
The recent Initial Public Offering (IPO) for Anantam Highway Trust, a company focused on investing in road infrastructure, saw strong interest from investors. The IPO, which closed on October 9th, 2025, received bids for 213.03 million units, falling short of the maximum offering of 224.49 million units. This indicates a considerable level of investor confidence in the company’s future.
Key Points
- Bids totaled 213.03 million units, a 95% subscription rate.
- The IPO offered up to Rs 400 crore through a fresh issue.
- Funds will be used to repay existing debt for road projects.
- Investors can bid for a minimum of 150 shares at Rs 98-100.
- Anchor investors contributed Rs 179.99 crore before the IPO launch.
- The trust owns projects in six Indian states and Puducherry.
The IPO’s subscription rate of 95% shows significant demand. This suggests investors believe Anantam Highway Trust is a good investment opportunity due to its focus on road infrastructure, a growing sector in India.
The core of the offering revolved around raising up to Rs 400 crore. These funds are planned for immediate use – specifically, to assist the Project SPVs (Special Purpose Vehicles) that own the individual road projects within the Anantam Highway Trust’s portfolio.
Furthermore, the Trust’s investments are spread across seven road projects located in key states: Karnataka, Telangana, Gujarat, Bihar, Tamil Nadu, and Puducherry. These projects are held through 100% ownership of the seven Project SPVs.
Recent financial reports reveal that the revenue from the Project SPVs for the period ending June 30, 2025, reached Rs 202.03 crore. The full financial year (FY25) revenue was Rs 926.54 crore, showcasing the operational strength of these assets.
Prior to the IPO’s launch, anchor investors contributed Rs 179.99 crore by purchasing 1.79 crore shares at a price of Rs 100 each. This demonstrated early confidence in the Trust’s potential.
The Anantam Highway Trust is sponsored by Alpha Alternatives Fund Advisors LLP, a financial advisor overseeing the Trust’s operations and investment strategy.
Ultimately, the Anantam Highway Trust IPO reflects growing interest in India’s infrastructure development and provides an opportunity for investors to participate in this strategic sector.
