Bharat Highways InviT Management On IPO, Business Expansion And Financial Performance

Bharat Highways InvIT IPO is a book built offering worth Rs 2,500.00 crores, consisting entirely of fresh issue shares totalling 25 crore. The subscription for Bharat Highways InvIT IPO in February 2024 opens on February 28, 2024, and closes on March 1, 2024. Allotment is anticipated to be completed by Monday, March 4, 2024, with listing on BSE and NSE tentatively set for Wednesday, March 6, 2024. The price band for Bharat Highways InvIT IPO in February 2024 is fixed at ₹98 to ₹100 per share. Retail investors need a minimum investment of ₹15,000, with a minimum lot size of 150 shares. Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs) have different minimum lot sizes and investments. ICICI Securities Limited, Axis Bank Limited, HDFC Bank Limited, and IIFL Securities Ltd are the book running lead managers for the IPO, while Kfin Technologies Limited serves as the registrar for the issue. Amit Kumar Singh, CEO, and Harshael Sawant, CFO, GR Highways Investment Managers discuss with BTTV's Tanya Anjea the reasons behind the company's IPO launch, the allocation of funds, and future projections.