Description
Allocation of 1,79,99,850 units to 13 anchor investors at Rs. 100 per unit for the initial public offering of Anantam Highways Trust InvIT.
Summary
The InvIT Committee of Alpha Alternatives Fund-Infra Advisors Private Limited (Investment Manager for Anantam Highways Trust) finalized the allocation of 1,79,99,850 units to anchor investors at Rs. 100 per unit on October 6, 2025. The total allocation amount is Rs. 179,99,85,000 distributed among 13 institutional anchor investors including mutual funds, insurance companies, and investment advisors.
Key Points
- Total units allocated to anchor investors: 1,79,99,850 units
- Anchor investor allocation price: Rs. 100 per unit
- Total allocation amount: Rs. 179.99 crores
- Number of anchor investors: 13 institutional investors
- Top three allocations: MINERVA VENTURES FUND (13.89%), TRUST INVESTMENT ADVISORS PRIVATE LIMITED (13.89%), and WHITEOAK CAPITAL MULTI ASSET ALLOCATION FUND (11.11%)
- Investment Manager: Alpha Alternatives Fund-Infra Advisors Private Limited (CIN: U70200MH2024PTC418826)
Anchor Investor Details
Major Allocations
- MINERVA VENTURES FUND: 24,99,900 units (13.89%) - Rs. 24.99 crores
- TRUST INVESTMENT ADVISORS PRIVATE LIMITED: 24,99,900 units (13.89%) - Rs. 24.99 crores
- WHITEOAK CAPITAL MULTI ASSET ALLOCATION FUND: 19,99,950 units (11.11%) - Rs. 19.99 crores
- SBI CAPITAL MARKETS LIMITED SHORT TERM: 19,99,950 units (11.11%) - Rs. 19.99 crores
- ATHENA ENHANCED EQUITY FUND-CORE: 15,99,900 units (8.89%) - Rs. 15.99 crores
- EDELWEISS LIFE INSURANCE COMPANY LIMITED: 15,00,000 units (8.33%) - Rs. 15 crores
- RELIANCE GENERAL INSURANCE COMPANY LIMITED: 15,00,000 units (8.33%) - Rs. 15 crores
- NUVAMA MULTI ASSET STRATEGY RETURN FUND: 15,00,000 units (8.33%) - Rs. 15 crores
Other Allocations
- STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED: 7,00,050 units (3.89%)
- ZUNO GENERAL INSURANCE LIMITED: 7,00,050 units (3.89%)
- WHITEOAK CAPITAL FLEXI CAP FUND: 6,00,000 units (3.33%)
- UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITED: 5,00,100 units (2.78%)
- WHITEOAK CAPITAL MULTI CAP FUND: 4,00,050 units (2.22%)
Regulatory Framework
- Governed by SEBI (Infrastructure Investment Trusts) Regulation, 2014
- If the final issue price discovered through book building is higher than the anchor investor allocation price (Rs. 100), anchor investors must pay the differential amount by the specified pay-in date
Compliance Requirements
- Anchor investors must pay any price differential if the final IPO price exceeds Rs. 100 per unit
- Information disclosed to NSE and BSE as per listing requirements
- SEBI Corporation Finance Department notified as per regulatory requirements
Important Dates
- October 6, 2025: InvIT Committee meeting held; anchor investor allocation finalized
- Pay-in date for price differential (if applicable): To be specified based on final issue price discovery
Impact Assessment
Market Impact
- Strong institutional participation with diversified anchor investor base across mutual funds, insurance companies, and investment advisors
- Total anchor investment of Rs. 179.99 crores indicates confidence in the infrastructure InvIT sector
- Allocation includes major institutional players like SBI Capital Markets, Reliance General Insurance, and Edelweiss Life Insurance
Investor Significance
- Anchor allocation represents pre-IPO institutional commitment to the Anantam Highways Trust InvIT
- The participation of insurance companies (4 investors) and mutual funds (multiple schemes) suggests broad institutional interest
- Infrastructure InvIT sector continues to attract institutional capital for yield-oriented investment strategies
Impact Justification
Anchor investor allocation for InvIT IPO with total allocation of Rs. 179.99 crores. Important for IPO tracking but limited immediate market-wide impact.