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Bharat Highways InvIT (the “InvIT”), an Infrastructure Investment Trust, has garnered Rs. ~825.97 Crore from Anchor Investors ahead of its Initial Public Offering that opens for public subscription on Wednesday, February 28, 2024. The InvIT informed the bourses that it allocated 8,25,97,350 Units at Rs. 100 Per Unit on Tuesday, February 27, 2024, to Anchor Investors.

Institutions who participated in the anchor were ICICI Prudential Mutual Fund, HDFC Mutual Fund, Kotak Mutual Fund, Quant Mutual Fund, HDFC Life Insurance, Nippon India Mutual Fund, Axis Mutual Fund, Aditya Birla Mutual Fund, UTI Mutual Fund, Max Life Insurance, Baroda BNP Mutual Fund, Reliance General Insurance and DSP Mutual Fund amongst others. The Complete list of anchor investors can be accessed at the website of the BSE Limited and National Stock Exchange of India Limited.

Out of the total allocation of 8,25,97,350 units to the Anchor Investors, 6,10,00,350 units were allocated to 11 Domestic Mutual Funds through a total of 27 Schemes amounting to Rs. 610 Crore  i.e. ~74% of the Total Anchor Book Size.

ICICI Securities Limited, Axis Capital Limited, HDFC Bank Limited and IIFL Securities Limited are the Book-running Lead Managers to the Issue and KFin Technologies Limited is the Registrar of the Offer. The Units are proposed to be listed on the BSE Limited and National Stock Exchange of India Limited.

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