Description

Anantam Highways Trust has allocated 1,79,99,850 units to 13 anchor investors at Rs. 100 per unit, raising Rs. 179.99 crores in the anchor investor portion of its initial public offering.

Summary

Anantam Highways Trust’s Investment Manager finalized the allocation of 1,79,99,850 units to 13 anchor investors at Rs. 100 per unit on October 6, 2025, raising a total of Rs. 179.99 crores in the anchor investor portion of its initial public offering. The allocation was approved by the InvIT Committee in consultation with the Book Running Lead Manager.

Key Points

  • Total units allocated to anchor investors: 1,79,99,850 units
  • Anchor investor allocation price: Rs. 100 per unit
  • Total amount raised from anchor investors: Rs. 179.99 crores
  • Number of anchor investors: 13
  • Largest allocation: Minerva Ventures Fund and Trust Investment Advisors Private Limited (13.89% each - 24,99,900 units)
  • Anchor investors include mutual funds, insurance companies, and institutional investors
  • Key investors include Whiteoak Capital funds, Edelweiss Life Insurance, Reliance General Insurance, and Star Union Dai-ichi Life Insurance

Regulatory Changes

No regulatory changes announced. The allocation follows SEBI (Infrastructure Investment Trusts) Regulation, 2014.

Compliance Requirements

  • If the final issue price discovered through book building is higher than the anchor investor allocation price of Rs. 100, anchor investors must pay the difference by the specified pay-in date
  • Investment Manager: Alpha Alternatives Fund-Infra Advisors Private Limited (CIN: U70200MH2024PTC418826)
  • Disclosure made to NSE and BSE as required

Important Dates

  • October 6, 2025: InvIT Committee meeting held and anchor investor allocation finalized

Impact Assessment

Market Impact: Medium - This is a new InvIT listing with anchor book of approximately Rs. 180 crores. The anchor allocation represents institutional confidence in the infrastructure investment trust.

Investor Impact: The diverse anchor investor base includes reputable mutual funds (Whiteoak Capital funds, Nuvama), insurance companies (Edelweiss Life, Reliance General, Star Union Dai-ichi Life, Universal Sompo, Zuno General), and investment firms (Minerva Ventures, Trust Investment Advisors, SBI Capital Markets, Athena Enhanced Equity Fund), indicating strong institutional interest in the highway infrastructure sector.

Operational Impact: The anchor allocation is fully subscribed at 100% of the anchor investor portion, providing strong momentum for the public issue of Anantam Highways Trust.

Impact Justification

This is an anchor investor allocation announcement for a new InvIT IPO. While significant for the issue, it has limited immediate market-wide impact as it relates to a new listing rather than existing securities.