Bharat Highways InvIT IPO
Infrastructure/InvIT - Listed on 12 March 2024
Bharat Highways InvIT IPO listing summary
Bharat Highways InvIT (Infrastructure/InvIT) closed its IPO window in 2024 and listed on NSE and BSE on 12 March 2024 at an upper band issue price of Rs 100, opening at Rs 101.1 for a listing gain of +1.1% and closing day one at Rs 103.05 (+3.0% on closing basis). The IPO was subscribed 6.74x overall - QIB 8.92x, HNI/NII 6.93x, Retail 0.00x. The total issue size was Rs 2,500 Cr (Fresh Issue Rs 2500 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Bharat Highways InvIT IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 95 | +2.00% |
| Day 2 | Rs 120 | +2.00% |
| Day 3 | Rs 150 | +1.00% |
| Day 4 | Rs 180 | +1.00% |
| Day 5 | Rs 170 | 0.00% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Bharat Highways InvIT IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Bharat Highways InvIT IPO - FAQs
What was the listing gain of Bharat Highways InvIT IPO?
Bharat Highways InvIT IPO listed at +1.1% versus the upper issue price of Rs 100 on 12 March 2024.
How many times was Bharat Highways InvIT IPO subscribed?
Bharat Highways InvIT IPO was subscribed 6.74x overall. QIB portion was subscribed 8.92x, HNI / NII 6.93x and Retail 0.00x.
What was the IPO GMP for Bharat Highways InvIT?
IPO GMP started at Rs 95 on Day 1 and moved to Rs 170 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.