Alpha Alternatives to raise Rs.400-Cr via InvIT IPO

Alpha Alternatives is set to raise about INR 400 crore through the launch of Anantam Highways Trust, a road infrastructure investment trust (InvIT).The InvIT, sponsored by Alpha Alternatives Fund Advisors LLP, will initially house seven project SPVs covering around 272 km (1,087 lane km) of highways built under the Hybrid Annuity Model (HAM). These projects are located across Karnataka, Telangana, Gujarat, Bihar, Tamil Nadu and Puducherry.Alpha Alternatives Fund-Infra Advisors Pvt. Ltd. will serve as the investment manager, while Arsenio Strategies Pvt. Ltd. has been appointed as the project manager. The portfolio’s fair enterprise value stood at about INR 5000 crore as of June 30, 2025.