Anantam Highways InvIT will list on October 17, 2025, after closing its IPO earlier on 9 October 2025. It is a mainboard issue to raise ₹400 crore, and the Anantam Highways shares will be listed on NSE & BSE. The listing follows finalisation of allotment and refund timelines.
Grey market action for this InvIT is subdued. As per the latest media reports, no active GMP has been reported. That indicates that the market is holding out for fundamentals instead of hype and shows conservative investor sentiment before listing.
Anantam Highways InvIT IPO Subscription Snapshot
Retailers dictated demand, and the overall subscription issue concluded with a total subscription of ~5.62×.
About the company
Anantam Highways InvIT is advised by Alpha Alternatives Fund Advisors LLP, which is the sponsor. The trust was set up on July 24, 2024, and registered with SEBI as an InvIT on August 19, 2024. Its highway portfolio consists of projects such as Dhrol Bhadra, Dodaballapur Hoskote, Repallewada, Viluppuram, Narenpur Purnea, Bangalore Malur, and Malur Bangarpet — spread over various states.
The business model is infrastructure leasing: the InvIT will derive cash flows in the form of tolling/availability payments, subject to the contractual terms of the road assets.
Competitor Context
In the InvIT / infrastructure trust segment, similar vehicles are IRB InvIT, India Grid Trust, and PowerGrid InvIT, but these are on roads, power transmission, or pipelines.
Anantam’s highway-only strategy gives a niche benefit but also poses concentration risk. Investors will benchmark yield hopes and risk profiles versus these benchmarked InvITs.
What to Watch on Anantam Highways Listing Day
Whether the listing opens near ₹98–₹100 (issue band) since no visible GMP
Early trading volume and comparison with other infrastructure trusts
Investor appetite for InvIT yields vs equities on listing day
How the listing performance creates yield benchmarks for subsequent road InvITs
Sahi Review
Anantam Highways InvIT enters with a robust highway portfolio and institutional positioning. But with subdued GMP and emphasis on infrastructure yields, its listing may be steadier than spectacular. Whether it maintains yield expectations and fulfils cash flow promises after listing will be crucial to investor confidence.