Unusual Debut-Day Trading for Anantam Highways Trust InvIT

Anantam Highways Trust, an infrastructure investment trust (InvIT), made a robust debut on the bourses with its units trading at a 13-14% premium over its IPO price, raising market players' eyebrows. This unusual trend has been attributed to the current IPO frenzy, where some investors mistakenly treated InvIT units as stocks, inadvertently driving up their prices. Despite being debt instruments, Anantam InvIT's units demonstrated a decent listing price and a good listing-day gain.

Key Takeaways:

• Anantam Highways Trust InvIT listed on the bourses with its units trading at Rs 114 on BSE and Rs 113 on the NSE, a 13-14% appreciation over its IPO price.
• The unusual buying price and return of more than double the one-year bank FD rates in just a week's time could be due to investors confusing InvIT units with stocks.
• Market players attributed the unusual trend to the current IPO frenzy.
• The InvIT issued units worth Rs 400 crore in the IPO at a price band of Rs 98-100 per unit.
• Some top mutual funds, insurers, family offices, and wealth management firms came in for the anchor round.
• On the first day, 8.8 lakh units were traded on NSE, while 72 lakh units were traded on BSE, exchange data showed.
• Anantam InvIT had a market cap of close to Rs 2,300 crore, according to NSE data.

Statistics:

• Anantam InvIT units traded at a 13-14% premium over its IPO price.
• The return of more than double the one-year bank FD rates in just a week's time raises concerns about investor awareness.
• The InvIT issued units worth Rs 400 crore in the IPO at a price band of Rs 98-100 per unit.
• On the first day, 8.8 lakh units were traded on NSE, and 72 lakh units were traded on BSE.
• Anantam InvIT had a market cap of close to Rs 2,300 crore.

Sources:

• TIMES NEWS NETWORK STREET-SMART?
• Anantam Highways Trust InvIT (BSE and NSE exchange data)