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 government s enhanced focus on infrastructure.
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.