Bharat Highways InvIT IPO GMP, Check out the full information

Bharat Highways InvIT has opened its Initial public offering from 28 February to 1st March 2024. The price range is Rs 98-100 per share. While the IPO size is Rs 2500 crore.

The minimum lot size is 150 shares the investment required is Rs 15,000 crore and the IPO allotment is dated on 4th March 2024. 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.

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The company is paramount to engage in testing services in the field of transportation engineering, having expertise in NSV survey, FWD survey, pavement design of roads and airports, physical and chemical testing of soil, lime, cement, road roughness testing, concrete and bituminous mix design of road projects.

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Bharat Highways InvIT is scheduled to be listed on BSE and NSE, with the tentative listing date on 6th March 2024. The IPO was subscribed 1.59 times overall as of March 1, 2024. ICICI Securities Limited, Axis Bank Limited, HDFC Bank Limited, and IIFL Securities Ltd have been designated as the book-running lead managers for the Bharat Highways InvIT, with KFin Technologies Limited serving as the registrar for the issue.

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