Alpha Alternatives Fund Advisors-sponsored Anantam Highways Trust's initial public offering (IPO) garnered healthy interest from investors, subscribing 5.62 times on the final day of bidding, October 9.

The infrastructure investment trust (InvIT) launched its IPO on October 7 to raise up to Rs 400 crore, of which Rs 180 crore has already been mobilised through anchor book on October 6 at the upper price band.

The price band for the offer was Rs 98-100 per unit.

Investors have bid for 12.62 crore units during October 7-9 against the offer size of 2.24 crore units with institutional investors picking 2.86 times their allotted quota.

The portion set aside for other investors was subscribed 8.93 times.

The InvIT intends to utilise Rs 376 crore of IPO proceeds for providing loans to

See Full Page