Bharat Highways InvIT IPO: Check details before subscribing

Investors can join the IPO from February 28, 2024, with bidding closing on Friday, March 1, 2024.

Bharat Highways InvIT allocated 8,25,97,350 shares at ₹100 per share to 37 anchor investors on Tuesday, February 27, a day before IPO opens for subscription.

Investors can buy Bharat Highways InvIT shares at Rs 98-100 each, with a minimum of 150 shares per application.

The shares of Bharat InvIT IPO are currently not trading in the grey market, which means that the shares of the infra investment company is available at a premium of ₹0, as per market observers.

Bharat Highways Invit IPO: 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, as permissible under the Sebi InvIT regulations.

Bharat Highways InvIT IPO listing scheduled for today at 10:00 IST on BSE and NSE. Units to be available for trade in unit market lots. Listed in 'IF' Group of Securities

Bharat Highways InvIT IPO allotment: How to check allotment status on registrar's site, NSE and BSE?

The IPO subscription period ran from February 28 to March 1, witnessing oversubscription by 6.74 times on the final day of the public issue.

The IPO of Bharat Highways InvIT has opened for subscription to raise Rs 2,500 crore. The net proceeds will be used for loans to project SPVs and other corporate purposes. Analysts advise subscribing as the company plans to expand its asset base through acquisitions and benefit from government focus on infrastructure.

Bharat Highways InvIT IPO: Bharat Highways InvIT IPO hit the Indian primary market on Wednesday, February 28, and closed today (Friday, March 1, 2024.)