Silent Debut on infrastructure investment

“Bharat Highways Infrastructure Investment Trust (InvIT) made a subdued debut on the stock exchanges, with its shares opening at Rs 101.10 on March 12, marking a marginal premium of just over 1 percent compared to its IPO price of Rs 100.
The unremarkable market debut was in line with expectations, as the company’s public offering, amounting to Rs 2,500 crore and being the largest of 2024 thus far, received a lukewarm response from investors. The subscription rate stood at 8.02 times, with investors bidding for 82.53 crore units against an offer size of 10.3 crore units.Institutional investors displayed the highest level of interest, subscribing 8.91 times the allocated quota, while non-institutional investors secured 6.93 times the portion reserved for them.”

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