Bharat Highways InvIT IPO closing today; Check live subscription details here

1 Mar 2024 , 11:41 AM

Today, March 1st, 2024, marks the closing of the initial public offering (IPO) bidding for Bharat Highways InvIT. The infrastructure investment trust has set the IPO price for Bharat Highways InvIT at ₹98 to ₹100 per equity share, aiming to raise ₹2,500 Crore through this debut offer. To subscribe to the IPO, click here.

As the bidding concludes, the offering has been oversubscribed by 1.45 times. A total of 14,91,49,050 shares have been bid for, out of the 10,30,12,800 equity shares available for subscription.

Before the IPO opened, Bharat Highways InvIT secured ₹825.97 Crores from anchor investors.

Proceeds from the offer will be utilized by the company to provide loans to the Project SPVs for repayment or pre-payment, either in part or in full, of their respective outstanding loans, including any accrued interest and prepayment penalty. Additionally, the funds will be allocated for other general purposes.