Stock Report

Dilip Buildcon backed Anantam Highways InvIT Successfully Lists on NSE and BSE, Raising ₹400 crore

Posted On : 2025-10-17 22:04:12( TIMEZONE : IST )

Dilip Buildcon Limited (DBL), one of India's largest infrastructure development companies, today announced the successful listing of Anantam Highways InvIT, a SEBI-registered Infrastructure Investment Trust (InvIT). The InvIT is jointly backed by DBL (asset contributor) and Alpha Alternatives (SEBI-registered sponsor), with a shareholding ratio of 74:26, respectively. The units of Anantam Highways Trust (Series IV) ("Anantam InvIT") have been listed on both the NSE and the BSE.

Anantam InvIT raised money from many marquee investors such as WhiteOak Capital, SBI Capital Markets, Edelweiss Life Insurance, Reliance General Insurance, and Minerva Ventures Fund. The public issue received a strong response with an overall subscription of 5.62 times. The Qualified Institutional Buyer (QIB, ex-anchor) category was subscribed 2.86 times, while the NonInstitutional Investor category saw 8.93 times subscription, reflecting healthy participation from institutional and high-net-worth investors.

Commenting on the development, Dilip Suryavanshi, Chairman & Managing Director of Dilip Buildcon, said, "The launch of this road infrastructure asset marks a strategic milestone in our journey toward building long-term, value-driven infrastructure assets. We view this as a scalable model and are actively exploring the creation of similar listed platforms across other asset classes as a part of our broader growth vision".

Anantam InvIT currently holds seven hybrid annuity model (HAM) road projects developed by Dilip Buildcon, with a combined enterprise value of approximately ₹4,500 crore. These projects have an average residual concession life of 13 years, providing long-term visibility of annuitybased cash flows. Anantam InvIT plans to further expand its portfolio, targeting an enterprise value of ₹20,000-₹30,000 crore over the next two to three years through the addition of operational highway assets across India.

Devendra Jain, CEO of Dilip Buildcon Limited, said, "This partnership with Alpha Alternatives is a strong endorsement of our execution capabilities. It is especially encouraging that investors have shown confidence in under-construction projects, reflecting trust in DBL's proven track record of delivering high-quality assets on time."

The launch of Anantam Highways InvIT is aligned with DBL's broader capital recycling strategy, aimed at enhancing balance sheet strength while creating long-term value for stakeholders through structured monetization of operational assets.

Shares of Dilip Buildcon Limited was last trading in BSE at Rs. 488.65 as compared to the previous close of Rs. 494.45. The total number of shares traded during the day was 4975 in over 345 trades.

The stock hit an intraday high of Rs. 497.50 and intraday low of 484.60. The net turnover during the day was Rs. 2437046.00.