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Highways Infrastructure Trust is an Indian infrastructure investment trust, which invests in road infrastructure assets, it is sponsored by Galaxy Investments II Pte. Ltd.
The Sponsor is affiliated with funds, vehicles, and/or entities managed and/or advised by affiliates of KKR. As of date, the Sponsor is a 100% subsidiary of Galaxy Investments Pte. Ltd., which is majority-owned and controlled by KKR Asia Pacific Infrastructure Holdings Pte. Ltd.
Highways Trust's portfolio consists of six Highways SPVs having an aggregate of 451.98 km (1,710 lane km), which comprise both, National Highways and State Highways, and are located in the states of Telangana, Gujarat, Madhya Pradesh, Meghalaya, Rajasthan, and Tamil Nadu:
The Projects are divided into two types on the basis of the implementation mode: (i) toll and (iii) annuity.
*Note: The State Highway and National Highway numbers and chainages are old Highway numbers and chainages, as per the concession agreements. The actual SH/NH numbers and chainages at the site may differ based on subsequent changes.
Issue Open | October 9, 2023 - October 12, 2023 |
Security Name | Highways Infrastructure Trust |
Issue Size (Shares) | 65,952,380 |
Issue Size (Amount) | ₹514.17 Crores |
Issue Price | ₹77.96 per share |
Face Value | ₹10 per share |
Listing At | NSE |
Terms of Payment | Full amount of ₹ 77.96 per Unit shall be payable on Application |
Entitlement | 10 Rights Equity Share(s) for every 63 fully paid-up Equity Shares held on Record Date |
Last Date to buy shares | September 28, 2023 |
Record Date | September 29, 2023 |
Credit of Rights Entitlements | October 6, 2023 |
Bid/Offer Opens On | October 9, 2023 |
Renunciation of Rights Entitlements | October 9, 2023 |
Bid/Offer Closes On | October 12, 2023 |
Deemed Date of Allotment | October 16, 2023 |
Credit Date | October 17, 2023 |
Listing Date | October 18, 2023 |
Period Ended | 31 Mar 2023 | 31 Mar 2022 |
Assets | 2,331.65 | 2,739.42 |
Revenue | 643.11 | |
Profit After Tax | 34.20 | |
Net Worth | ||
Reserves and Surplus | ||
Total Borrowing | ||
Amount in ₹ Crore |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Highways Infrastructure Trust Rights Issue 2023 got oversubscribed by 1.03 times by the end of the bidding period with total bid quantity received by NSE of 68,240,172 shares.
Highways Infrastructure Trust
2nd Floor, Piramal Tower,
Peninsula Corporate Park,
Lower Parel, Mumbai - 400 013
Phone: +91 7506333447
Email: compliance.highwaysinvit@highwayconcessions.co
Website: https://highwayinfrastructure.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ajit.patankar@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
The Highways Infrastructure Trust Rights Issue 2023 opens on October 9, 2023, and closes on October 12, 2023.
Highways Infrastructure Trust Rights Issue 2023 Schedule
Last Date for credit of Rights Entitlements | October 6, 2023 |
Last Date for renunciation of Rights Entitlements | October 9, 2023 |
Issue Opening Date | October 9, 2023 |
Issue Closing Date | October 12, 2023 |
Date of Allotment (on or about) | October 16, 2023 |
Date of Credit (on or about) | October 17, 2023 |
Date of Listing (on or about) | October 18, 2023 |
Highways Infrastructure Trust Rights Issue 2023 price is set at ₹77.96 per share per equity share.
The eligible shareholders are being offered 10 Rights Equity Share(s) for every 63 fully paid-up Equity Shares held on Record Date (September 29, 2023).
The record date for the Highways Infrastructure Trust Rights Issue 2023 is September 29, 2023.
The issue size of Highways Infrastructure Trust Rights Issue 2023 is of 65,952,380 equity shares at ₹77.96 per share aggregating upto ₹514.17 Crores.
The Letter of Offer for Highways Infrastructure Trust Rights Issue 2023 can be download here.
You can apply for Highways Infrastructure Trust Rights Issue 2023 in two ways:
Steps to apply for Highways Infrastructure Trust Rights Issue 2023 using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Highways Infrastructure Trust Rights Issue 2023 using Registrar's website (R-WAP)
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