News India Network
Buisness

Here are the additional data. Bharat Highways InvIT has a subdued beginning, listing at Rs 101

<p>Subduedly listed at Rs 101.10 against the issue price of Rs 100 was Bharat Highways InvIT. By presenting investors with a new 25 million share offering, it received Rs 2,500 crore from them; the whole sum would be credited to the company’s account.</p>
<p><img decoding=”async” class=”alignnone wp-image-501284″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-here-are-the-additional-data-bharat-highways-invit-has-a-subdued-beginning-listing-750×422.jpg” alt=”theindiaprint.com here are the additional data bharat highways invit has a subdued beginning listing” width=”994″ height=”560″ title=”Here are the additional data. Bharat Highways InvIT has a subdued beginning, listing at Rs 101 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-here-are-the-additional-data-bharat-highways-invit-has-a-subdued-beginning-listing-750×422.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-here-are-the-additional-data-bharat-highways-invit-has-a-subdued-beginning-listing-768×432.jpg 768w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-here-are-the-additional-data-bharat-highways-invit-has-a-subdued-beginning-listing-390×220.jpg 390w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-here-are-the-additional-data-bharat-highways-invit-has-a-subdued-beginning-listing.jpg 1024w” sizes=”(max-width: 994px) 100vw, 994px” /></p>
<p>In the gray market, where it was being offered at a premium of Rs 2 per equity share above the issue price prior to listing, it was receiving a chilly reception. Before becoming public, shares are exchanged illicitly on the grey market.</p>
<p>The infrastructure business set a deadline of March 1st for retail investors to submit their IPO bids, opening on February 28. The NSE and BSE both listed the shares.</p>
<p>The pricing band was established by Bharat Highways between Rs 98 and Rs 100 for each equity share. 150 shares per lot, or a minimum of Rs 15,000, must be submitted for each application.</p>
<p>The organization operates as an infrastructure investment trust, which buys, holds, and invests in different infrastructure assets around the nation. The business is authorized to conduct infrastructure investment trust operations under SEBI InvIT rules.</p>
<p>The issue’s book-running lead managers were ICICI Securities, Axis Bank, HDFC Bank, and IIFL Securities, while Kfin Technologies oversaw the registrar’s responsibilities.</p>

Related posts

Day Two of the Ratnaveer IPO: Subscription, GMP, and Other Information; Should You Buy?

India Inc.’s investing activity was restricted to several areas: Bank of Baroda

A symbolic increase in the RBI rate would hurt the equities markets

Japan’s Q2 economic growth slows to 0.1% and is less than anticipated.

GST Collection Jumps 10% YoY To Rs 1.63 Trillion In September; View Details

Should You Buy After HCL Tech Jumps 4% After Deal Wins At All-Time High in Q2?