The Anantam Highways Trust IPO opens today, October 7, and will close on October 9. The company has set a price band of Rs 98–100 per unit. Through this public offering, the trust aims to raise Rs 400 crore through a completely fresh issue of 4 crore units.

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Anantam Highways Trust IPO: Fresh issue of Rs 400 crore

Anantam Highways Trust is coming to the market with a fully fresh issue. Each unit is priced between Rs 98-100, targeting total proceeds of Rs 400 crore.

The IPO is managed by Nuvama Wealth Management , while Kfin Technologies is handling the registrar duties.

The funds raised through this issue will largely go towards strengthening the trust’s portfolio and managing debts of its underlying highway projects.

Anan

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