Infrastructure investment trust (InvIT) Bharat Highways Infrastructure s ₹2,500 crore initial public offering (IPO) opened for subscription on February 28.
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 Invit IPO: Bharat Highways Invit is an infrastructure investment trust established to acquire, manage and invest in a portfolio of infrastructure assets in India and to carry on the activities of an infrastructure investment trust, as permissible under the Sebi InvIT regulations.
Bharat Highways InvIT allocated 8,25,97,350 shares at ₹100 per share to 37 anchor investors on Tuesday, February 27, a day before IPO opens for subscription.