Dilip Buildcon-Backed Anantam Highways InvIT Successfully Lists on NSE, BSE

New Delhi, October 18, 2025: Infrastructure development company Dilip Buildcon Limited (DBL) has 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 Non-Institutional 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 INR 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 INR 20,000–INR 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.”