Anantam Highways Trust IPO is a book-built issue of INR 4,000 crores. The issue is entirely a fresh issue of 4 crore shares worth INR 400 crore. The price band is set at INR 98 to INR 100 per share. The IPO opens on October 7, 2025, and closes on October 9, 2025. It will list on BSE and NSE with a tentative listing date of October 17, 2025.
Company Background
Anantam Highways Trust is an infrastructure investment trust (InvIT) established by Alpha Alternatives Fund Advisors LLP in July 2024 and registered with SEBI in August 2024. The Trust focuses on road infrastructure, with a portfolio of seven highway projects across five Indian states and one union territory. These include projects such as Dhrol Bhadra Highways and Dodaballapur Hoskote Highways. The Sponsor, Alpha Alternatives, is a multi-strategy asset management company and subsidiary of Alpha Alternatives Holdings Private Limited, investing across diverse asset classes. The Trust’s strong portfolio and experienced management support its objective of contributing to India’s infrastructure development.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price
and the grey market price. It is the premium amount paid for the traded
IPO shares. It plays an important role in IPOs as it reflects how the
IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being
listed officially on the stock exchange.
Anantam Highways Trust InvIT IPO
GMP Date
IPO Price
GMP
Last Updated
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**The GMP prices displayed here are solely for informational
purposes related to the grey market news. India IPO does not engage
in or facilitate grey market trading, nor are these rates (sub2)
indicative of any trading activity. We also do not recommend or
endorse participation in the grey market.**
Anantam Highways Trust InvIT IPO Details
Detail
Description
IPO Date
October 7, 2025 to October 9, 2025
Listing Date
October 17, 2025
Face Value
₹[.] per share
Issue Price Band
₹98 to ₹100 per share
Lot Size
150
Sale Type
Fresh Capital
Total Issue Size
4,00,00,000 shares (aggregating up to ₹400.00 Cr)
Issue Type
Bookbuilding InvIT
Listing At
BSE, NSE
Anantam Highways Trust InvIT IPO Timeline
Detail
Description
IPO Open Date
Tue, Oct 7, 2025
IPO Close Date
Thu, Oct 9, 2025
Tentative Allotment
Tue, Oct 14, 2025
Initiation of Refunds
Thu, Oct 16, 2025
Credit of Shares to Demat
Thu, Oct 16, 2025
Tentative Listing Date
Fri, Oct 17, 2025
Cut-off time for UPI mandate confirmation
5 PM on Thu, Oct 9, 2025
Anantam Highways Trust InvIT IPO Lot Size
Application
Lots
Shares
Amount
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Anantam Highways Trust InvIT IPO Promoter Holding
Share Holding Pre Issue
Share Holding Post Issue
Promoter Holding Pre Issue
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Promoter Holding Post Issue
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Competitive Strength:
• Strong support from sponsors and investment managers.
• Skilled and experienced management team that handles all projects across India.
Anantam Highways Trust InvIT IPO Financial Information
Period Ended
Assets
Revenue
Profit After Tax
Net Worth
Total Borrowing
30 Jun 2025
4,241.89
212.28
67.86
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31 Mar 2025
4,151.92
942.36
410.62
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31 Mar 2024
3,530.23
2,527.05
-160.05
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31 Mar 2023
2,425.48
2,591.87
-178.48
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Amount in ₹
Crore
Key Performance Indicator
KPI
Values
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Pre IPO
Post IPO
EPS (Rs)
P/E (x)
Conclusion
The Anantam Highways Trust IPO offers an opportunity to invest in India’s growing infrastructure sector. With a portfolio of seven highway projects, the IPO proceeds will primarily be used to deleverage the balance sheet, enhancing financial flexibility. Its stable projects and potential for attractive returns make it a strong option for infrastructure-focused investors.