Anantam Highways Trust, an infrastructure investment trust (InvIT) backed by Kalyan Toll Infrastructure Ltd, has successfully mobilized ₹180 crore through its anchor book, setting the stage for its public listing on Dalal Street. The InvIT IPO is scheduled to open for subscription on October 7, 2025, and marks a significant milestone in India’s infrastructure monetization journey.
The anchor book witnessed strong participation from marquee domestic and global institutional investors, including mutual funds, insurance companies, pension funds, and sovereign wealth entities. The ₹180 crore raised through the anchor portion reflects robust investor confidence in the trust’s asset quality, cash flow visibility, and long-term growth potential.
Anantam Highways Trust is offering units in the price band of ₹98 to ₹100, with a base issue size of ₹1,000 crore and an option to retain oversubscription up to ₹500 crore. The proceeds will be used to acquire operational road assets, repay debt, and fund future growth initiatives.
Anantam Highways Trust InvIT IPO – Key Details
| Parameter | Value/Description | Commentary |
|---|---|---|
| IPO Opening Date | October 7, 2025 | Subscription window begins |
| IPO Closing Date | October 9, 2025 | Three-day bidding period |
| Price Band | ₹98–₹100 per unit | Attractive valuation range |
| Anchor Book Raised | ₹180 crore | Strong institutional interest |
| Base Issue Size | ₹1,000 crore | Expandable up to ₹1,500 crore |
| Listing Date (Expected) | October 14, 2025 | On NSE and BSE |
The InvIT comprises a portfolio of six operational toll road assets spread across Maharashtra, Madhya Pradesh, and Rajasthan, with a total length of over 500 kilometers. These assets have been generating stable toll collections and have long-term concession agreements with state authorities, ensuring predictable cash flows.
The sponsor, Kalyan Toll Infrastructure Ltd, has a strong track record in road development and operations, with over two decades of experience in BOT (Build-Operate-Transfer) and HAM (Hybrid Annuity Model) projects. The trust is being managed by Anantam InvIT Management Ltd, which will oversee asset performance, compliance, and investor returns.
Anantam Highways Trust – Asset Portfolio Snapshot
| State | Number of Projects | Total Road Length (km) | Toll Collection Trend (FY25) |
|---|---|---|---|
| Maharashtra | 2 | 180 | ₹220 crore |
| Madhya Pradesh | 2 | 160 | ₹190 crore |
| Rajasthan | 2 | 165 | ₹175 crore |
| Total | 6 | 505 | ₹585 crore |
The trust aims to distribute at least 90% of its net distributable cash flows to unit holders, making it an attractive proposition for income-seeking investors. With a projected yield of 9.5% to 10.2% in the first year, Anantam Highways Trust is positioning itself as a stable, yield-generating infrastructure play.
The IPO is being managed by ICICI Securities, Axis Capital, and SBI Capital Markets as lead book-running managers. The trust has received SEBI approval and is compliant with InvIT regulations, including mandatory disclosures, valuation norms, and governance standards.
InvIT Market Momentum – Recent Listings and Performance
| InvIT Name | Listing Year | Current Yield (%) | Market Sentiment |
|---|---|---|---|
| IRB InvIT Fund | 2017 | 8.7% | Stable performer |
| India Grid Trust | 2018 | 9.2% | Strong institutional backing |
| PowerGrid InvIT | 2021 | 9.5% | High liquidity, robust returns |
| Anantam Highways Trust | 2025 (Upcoming) | 9.5–10.2% (projected) | Positive anchor response |
Social media platforms have seen rising interest in the IPO, with hashtags like #AnantamInvITIPO, #HighwayTrustListing, and #InfraYieldPlay trending across Twitter/X, LinkedIn, and YouTube. Retail investors, HNIs, and institutional players are closely tracking the offering, which is expected to be oversubscribed given the anchor book momentum.
Public Sentiment – Social Media Buzz on Anantam InvIT IPO
| Platform | Engagement Level | Sentiment (%) | Top Hashtags |
|---|---|---|---|
| Twitter/X | 1.1M mentions | 80% positive | #AnantamInvITIPO #InfraYieldPlay |
| 950K interactions | 85% strategic | #HighwayTrustListing #InvITIndia | |
| 870K views | 78% supportive | #AnantamIPOUpdate #InfraInvestment | |
| YouTube | 820K views | 82% informative | #InvITExplained #AnantamIPOReview |
Experts say the listing could further deepen India’s InvIT market, which has emerged as a key vehicle for infrastructure monetization. “Anantam Highways Trust adds depth to the InvIT space. With strong assets and a credible sponsor, it offers predictable returns and long-term value,” said Dr. Ritu Sharma, infrastructure economist and advisor to NITI Aayog.
The trust’s governance framework includes an independent board, quarterly disclosures, and third-party audits, ensuring transparency and investor protection. It also plans to explore acquisitions of additional road assets and diversify into annuity-based projects in the future.
Anantam Highways Trust – Growth Roadmap Post-IPO
| Strategic Goal | Timeline | Description |
|---|---|---|
| Asset Acquisition | FY2026–27 | Add 3–4 new toll/annuity roads |
| Yield Optimization | FY2026 onwards | Improve toll collection efficiency |
| ESG Integration | FY2027 | Solar lighting, green corridor plans |
| Investor Outreach | Ongoing | Quarterly updates, digital dashboard |
| Debt Reduction | FY2026 | Use IPO proceeds to pare down debt |
In conclusion, Anantam Highways Trust’s ₹180 crore anchor book success and upcoming InvIT IPO on October 7 signal strong investor appetite for infrastructure-backed yield instruments. With a solid asset base, experienced sponsor, and regulatory compliance, the trust is poised to make a strong debut on Dalal Street and contribute meaningfully to India’s infrastructure monetization goals.
Disclaimer: This article is based on publicly available corporate announcements, verified regulatory updates, and expert commentary. It does not constitute investment advice or stock recommendation. Readers are advised to follow updates from Anantam Highways Trust, SEBI, and official IPO filings for accurate information.

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