Bharat Highways InvIT IPO Allotment Finalised; Here's how to check

5 Mar 2024 , 09:08 AM

On the final day of subscription for the Bharat Highways InvIT IPO, the total subscription surged to 8 times, with institutional investors leading the pack by subscribing 8.92 times, followed by non-institutional investors and other investor segments at 6.93 times. According to data sourced from the NSE, the IPO witnessed bids for 82,53,24,300 units against the 10,30,12,800 units offered.

Investors who have participated in the IPO can conveniently check their allotment status either on the BSE website or on the dedicated portal of the IPO registrar, Kfin Technologies Limited. To access the Bharat Highways InvIT IPO allotment status, investors simply need to provide their application number and PAN details.

The IPO, which concluded its subscription phase on March 1, aimed to raise ₹2,500 Crore through a fresh issue of 25 Crore shares. Investors were offered the opportunity to subscribe to the shares within a price range of ₹98 to ₹100 per share, with the minimum lot size set at 150 shares.

Bharat Highways Infrastructure Investment Trust stands as an infrastructure investment trust in India, with its core focus lying in the acquisition and management of a diversified portfolio comprising seven roads across various states. These roads operate under the HAM model, holding concession rights from NHAI. Authorized under SEBI InvIT Regulations, the Trust has a ROFO agreement with GRIL for additional assets. Notably, it boasts top-notch provisional ratings from leading agencies such as CRISIL, CARE, and India Ratings.