Anantam Highways Trust IPO

Anantam Highways Trust IPO

Anantam Highways Trust (the Trust) is an Indian infrastructure investment trust which proposes to invest in road infrastructure assets. The Trust is sponsored by Alpha Alternatives Fund Advisors LLP (the Sponsor). The Sponsor established the Trust on July 24, 2024 and the Trust was registered with SEBI on August 19, 2024 as an InvIT in accordance with the InvIT Regulations.

Anantam Highways Trust IPO Details

Total Shares Offered

₹ 4,00,00,000

Offer to Public

TBA

Retail Max (Shares)

TBA

Pre Issue Promoters Holding

TBA

Exchange

BSE

Issue size

₹ 400 Cr

IPO Open Date

Oct 7, 2025

Close Date

Oct 9, 2025

Lot Size

150

Min Investment

₹ 14,700

Issue Type

Book Building

Listing Date

Oct 16, 2025

Anantam Highways Trust IPO Dates

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Oct 7, 2025
Opening date
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Oct 9, 2025
Closing date
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Oct 14, 2025
Basis of Allotment
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Oct 16, 2025
Initiation of Refunds
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Oct 16, 2025
Credit of Shares
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Oct 16, 2025
Listing date

Details

SectorType
SectorConstruction
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Anantam Highways Trust Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations395.61-119.67-147.94
EBITDA395.80-119.64-147.94
PAT410.62-160.05-163.59
Total Assets1,336.50656.04709.44
Share Capital3.833.8374.38
Total Borrowings3,912.063,482.082,599.87
Operating Activities (Net Cash)410.81-160.02-163.59
Investing Activities (Net Cash)0.00-1,128.69-2,263.07
Financing Activities (Net Cash)3,912.063,482.082,599.87
Net Cashflow452.8099.9073.30

About Anantam Highways Trust

(Registered in the Republic of India as an irrevocable trust set up under the Indian Trusts Act, 1882, on July 24, 2024 and registered as an infrastructure investment trust under the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, on August 19, 2024 having registration number IN/InvIT/24-25/003f1).

Review of real GDP growth over fiscals 2019-2025 and outlook for fiscals 2026-2030: India ranks as the world's 4th largest economy and is the fastest growing among major economies. According to the National statistics Offices (NSO) second advance estimates (SAE) projects India's real gross domestic product (GDP) growth at 6.5% for the fiscal 2025. The Indian economy logged 4.3% CAGR between fiscals 2019 and 2024. This was a sharp deceleration from a robust 6.7% CAGR between fiscals 2017 and 2019, which was driven by rising consumer aspiration, rapid urbanization, the government's focus on infrastructure investment and growth of the domestic manufacturing sector. Economic growth was supported by benign crude oil prices, soft interest rates and low current account deficit. The Indian government also undertook key reforms and initiatives, such as implementation of the Goods and Services Tax (GST), Insolvency and Bankruptcy Code, Make in India, financial inclusion initiatives, and gradual opening of sectors such as retail, e-commerce, defense, railways, and insurance for foreign direct investments (FDIs). A large part of the lower growth between fiscals 2018 and 2023 was because of the economy contracting 5.8% in fiscal 2021 owing to the fallout of Covid-19. The pandemic's impact was more pronounced on contact-sensitive services and social distancing norms-affected services such as entertainment, travel, and tourism, with many industries in the manufacturing sector also facing issues with shortage of raw materials / components as lockdown in various parts of the world upended supply chains. Over the period, India's economic growth was led by services, followed by the industrial sector, while in part impacted by demonetization, the non-banking financial company (NBFC) crisis, slower global economic growth, and the pandemic. As lockdowns were gradually lifted, economic activity revived in the second half of fiscal 2021. After a steep contraction in the first half, owing to rising number of Covid-19 cases, gross domestic product (GDP) moved into positive territory towards the end of fiscal 2021. Subsequently, in fiscal 2022, India's real GDP grew 9.7% from the low base of fiscal 2021. India's GDP exceeded expectations during all four quarters of fiscal 2024. However, growth slowed down in fourth quarter but stayed strong. According to the National Statistics Office's (NSO) provisional estimates, GDP growth slowed to 7.8% year-on-year in the fourth quarter of last fiscal from 8.6% of third quarter but was higher than 6.1% in the year-ago quarter. This prompted the NSO to revise upward the fiscal 2024 GDP growth estimate to 8.2% (which is the provisional estimate), from the earlier estimate of 7.6%. Growth surpassed forecasts in the fiscal 2024, driven by strong government spending and a sharp rise in manufacturing and construction growth. Globally, growth in major economies such as the US and China beat estimates and has contributed to better export earnings for India. According to the National statistics Offices (NSO) second advance estimates (SAE) projects India's real gross domestic product (GDP) growth at 6.5% for the fiscal 2025, slightly higher than first advance estimates. GDP growth also revised upward to 9.2% for fiscal 2024 and 7.6% for fiscal 2023. However, the fiscal 2025 growth shows significant slowdown from the previous fiscal 2024 led by weak investments and reduced government consumption. However, growth improved in private consumption and exports. CRISIL Intelligence expects GDP growth 6.5% in fiscal 2026 owing to slower global growth led by tariff tensions and increase the uncertainty on investment and spending decision by businesses and households. India's goods exports are expected to be directly impacted due its trade agreement with the US; however services exports are expected to be resilient considering domestic drivers would support growth momentum.

Anantam Highways Trust (the Trust) is an Indian infrastructure investment trust which proposes to invest in road infrastructure assets. The Trust is sponsored by Alpha Alternatives Fund Advisors LLP (the Sponsor). The Sponsor established the Trust on July 24, 2024 and the Trust was registered with SEBI on August 19, 2024 as an InvIT in accordance with the InvIT Regulations.

Anantam Highways Trust Key Points

Strengths

Strong lineage and support from our Sponsor and Project Manager.

Consistent and stable cash flows from assets with long term visibility and low counter party risks.

Strong financial position.

Government support and an established regulatory framework.

Skilled and experienced Investment Manager having strong corporate governance philosophy.

Risk

The Trust is a newly settled trust and does not have an established operating history, which will make it difficult to accurately assess our future growth prospects.

DPJ Pollachi HAM Project Private Limited (DPHPPL) had received a cure period notice from the concessioning authority, NHAI, on account of, inter alia, delay in completion of the project, noncompletion of punch list items and breach of certain covenants under its Concession Agreement.

Consummation of the Formation Transactions pursuant to which we will acquire the Project SPVs is subject to certain conditions.

Strategy

Continue to pursue accretive growth by expanding the portfolio of road infrastructure assets.

Maintain optimum capital structure to maximise distributions to Unitholders.

Continue to ensure efficient and active operation and management of our projects.

How To Apply for Anantam Highways Trust IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Anantam Highways Trust IPO?

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Anantam Highways Trust's IPO offers shares for up to 400 It begins on Oct 7, 2025 and ends on Oct 9, 2025.

What is the price of the Anantam Highways Trust IPO?

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The price of Anantam Highways Trust IPO ranges between ₹98 to ₹100 per share.

What are the open and close dates for the Anantam Highways Trust IPO?

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The Anantam Highways Trust IPO opens on Oct 7, 2025 and closes on Oct 9, 2025.

When will the Anantam Highways Trust IPO be allotted?

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The allotment for the Anantam Highways Trust IPO will be finalised on Oct 14, 2025. The shares will be listed on BSE and NSE on Oct 16, 2025.

What is the minimum lot size required for Anantam Highways Trust IPO?

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The minimum lot size for Anantam Highways Trust IPO is 150 shares, priced between ₹98 to ₹100 per share.

What is the GMP of Anantam Highways Trust IPO?

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The GMP (Grey Market Premium) of Anantam Highways Trust IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Anantam Highways Trust IPO?

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To check the allotment status of Anantam Highways Trust IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Anantam Highways Trust IPO getting listed?

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The Anantam Highways Trust IPO is getting listed on the BSE and NSE. Bidding opens on Oct 7, 2025, and closes on Oct 9, 2025. The allotment is finalised on Oct 14, 2025.

How do you apply for the Anantam Highways Trust IPO?

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To apply for the Anantam Highways Trust IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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