India Highway Authority Plans Infra Trust IPO in March

India’s National Highways Authority will launch an infrastructure investment trust IPO next month, aiming to raise up to 57 billion rupees ($629 million), per insider sources. The offering marks the authority’s first major public fundraising effort through an InvIT, a structure designed to attract long-term investors to infrastructure projects. Proceeds will likely fund highway expansion and maintenance, aligning with India’s $1.3 trillion national infrastructure pipeline launched in 2020. The IPO timing reflects growing investor appetite for stable, government-backed assets amid volatile global markets and India’s rapid infrastructure growth. If successful, this could set a precedent for other state-owned entities to tap public markets via similar trusts for large-scale project financing.