Dilip Buildcon-backed Anantam Highways InvIT lists, raises ₹400 crore

On October 17, 2025, Dilip Buildcon Limited (DBL) announced the successful listing of Anantam Highways InvIT, a SEBI-registered Infrastructure Investment Trust, raising ₹400 crore. The InvIT, jointly backed by DBL (74%) and Alpha Alternatives (26%), received an overall subscription of 5.62 times. Qualified institutional buyers subscribed 2.86 times and non-institutional investors 8.93 times.

Anantam InvIT currently holds seven hybrid annuity model (HAM) road projects developed by DBL, with a combined enterprise value of approximately ₹4,500 crore and an average residual concession life of 13 years. The InvIT plans to expand its portfolio significantly, targeting an enterprise value of ₹20,000–₹30,000 crore over the next two to three years by adding operational highway assets across India.

Dilip Suryavanshi, chairman and managing director of Dilip Buildcon, highlighted this as a strategic milestone towards building long-term, value-driven infrastructure assets. The listing reflects strong investor confidence in DBL's execution capabilities and its proven track record.