Highways Invit News Today

Bharat Highways Invit, RK Swamy, JG Chemicals, Gopal Snacks, Popular Vehicles & Services and Krystal Integrated Services are some of the counters where the one-month lock-ins get lited in April, as per a study by Nuvama Institutional Equities. 

Bharat Highways Invits IPO debuts on NSE with a 1.1% premium and 8 times subscription. The company plans to use the proceeds to repay debt. The IPO is valued at Rs 2,500 crore.

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.

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 governments enhanced focus on infrastructure.

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.

In the week gone by, two mainboard IPOs Juniper Hotels and GPT Healthcare opened with a target to raise Rs 2,325 crore.

The company aims to raise approximately Rs 429 crore through the offering.

Bharat Highways Invit has priced the IPO in the range of INR 98-100 per unit with the issue opening on February 28. The infra-investment trust is offering units worth INR 2,500 crore through the IPO. 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.

Bharat Highways Invit has priced the IPO in the range of Rs 98-100 per unit with the issue opening on February 28. The infra-investment trust is offering units worth Rs 2,500 crore through the IPO. 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.

Bharat Highways had filed DRHP for the IPO in December 2023 and received approval for the same earlier this year. The issue price is yet to be determined. The company proposes to use the net proceeds to repay debt availed by the project SPVs and for general corporate purposes.