Anantam Highways Trust InvIT IPO
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Schedule of Anantam Highways Trust InvIT
| Issue open date | 07 Oct 2025 |
| Issue close date | 09 Oct 2025 |
| UPI mandate deadline | 09 Oct 2025 (5 PM) |
| Allotment finalization | 14 Oct 2025 |
| Refund initiation | 16 Oct 2025 |
| Share credit | 16 Oct 2025 |
| Listing date | 17 Oct 2025 |
| Mandate end date | 24 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 13 Nov 2025 |
| Lock-in end date for anchor investors (remaining) | 12 Jan 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Anantam Highways Trust InvIT
Anantam Highways Trust, sponsored by Alpha Alternatives, is an InvIT investing in seven NHAI HAM road projects spanning 272 km across six Indian states. The Trust earns steady annuity revenues, reducing traffic-linked income risk, and focuses on long-term infrastructure monetization and growth.
Financials of Anantam Highways Trust InvIT
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹400 crores |
| Fresh Issue | ₹400 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Loans to Project SPVs for debt repayment/prepayment | 376 (94%) |
| General corporate purposes | 24 (6%) |
Strengths
- Operates in India’s rapidly expanding road infrastructure sector backed by strong government support.
- Portfolio of seven operational road projects across six regions ensuring geographic diversification.
- Long-term, annuity-based model provides predictable cash flows and lower revenue risk.
- Strong sponsor (Alpha Alternatives) with expertise in infrastructure and asset management.
- Right of first offer (ROFO) agreements for future project acquisitions support steady growth.
Risks
- High dependence on government contracts and payments; delays can affect cash flow.
- Operational risks from single-sector exposure (roads) and project-level challenges.
- Subject to regulatory, concession, and environmental compliance requirements.
- Any downgrade in sponsor’s or SPVs’ credit profile may impact funding ability.
- Revenue limited to annuity inflows; no toll income diversification.
Allotment Status for Anantam Highways Trust InvIT
To check your allotment status – click here.