Get App
Capital Infra Trust Invit is a book-built issue of Rs 1,578.00 crores. The issue is a combination of a fresh issue of 10.77 crore shares aggregating to Rs 1,077.00 crores and an offer for sale of 5.01 crore shares aggregating to Rs 501.00 crores.
The bidding opened for subscription on January 7, 2025, and will close on January 9, 2025. The price band is set at ₹99 to ₹100 per share and the minimum lot size for an application is 150 shares.
Company Summary
Established in September 2023, Capital Infra Trust is an infrastructure investment trust sponsored by Gawar Construction Limited. The InvIT was established to engage in activities and make investments as an infrastructure investment trust, as allowed under the SEBI InvIT Regulations.
The sponsoring company specializes in constructing road and highway projects across 19 states in India for various government bodies, including the NHAI, MoRTH, MMRDA, and CPWD.
As of December 2024, the sponsor company’s portfolio of 26 road projects on a hybrid annuity mode (“HAM”)with NHAI, of which 11 are completed projects, including the five acquired assets which Sadbhav Infrastructure Project Limited erstwhile owned, and 15 under-construction projects.
The Trust received a rating of ‘Provisional CRISIL AAA/Stable (Assigned)’ from CRISIL Ratings Limited for the Trust NCD(s) and proposed a long-term bank loan facility on November 11, 2024.
Company Financials
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 4,905.26 | 4,724.07 | 4,283.33 | 2,502.8 |
| Revenue | 792.27 | 1,543.51 | 2,518.92 | 1,981.42 |
| Profit After Tax | 115.43 | 125.77 | 497.19 | 125.56 |
Amount in ₹ Crore | ||||
Objectives of the IPO
- Providing loans to the Project SPVs for repayment/pre-payment of external borrowings, in part or in full from the financial lenders (including any accrued interest and prepayment penalty).
- Providing loans to the Project SPVs for repayment of unsecured loans availed by the Project SPVs from the Sponsor.
IPO details
| IPO Date | January 7, 2025 to January 9, 2025 |
| Listing Date | Tuesday, January 14, 2025 |
| Price Band | ₹99 to ₹100 per share |
| Lot Size | 150 Shares |
| Total Issue Size | 15,78,00,000 shares (aggregating up to ₹1,578.00 Cr) |
| Fresh Issue | 10,77,00,000 shares (aggregating up to ₹ 1,077.00 Cr) |
| Offer for Sale | 5,01,00,000 shares of ₹ (aggregating up to ₹501.00 Cr) |
| Issue Type | Book Built Issue InvIT |
| Listing At | BSE, NSE |
Allotment Schedule
Basis of Allotment | Friday, January 10, 2025 |
Initiation of Refunds | Monday, January 13, 2025 |
The credit of Shares to Demat | Monday, January 13, 2025 |
Listing Date | Tuesday, January 14, 2025 |
Cut-off time for UPI mandate confirmation | 5 PM on January 9, 2025 |
Lot Allocation details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 13 | 1950 | ₹1,95,000 |
| S-HNI (Min) | 14 | 2,100 | ₹2,10,000 |
| S-HNI (Max) | 66 | 9,900 | ₹9,90,000 |
| B-HNI (Min) | 67 | 10,050 | ₹10,05,000 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 75% of the Offer |
| NII (HNI) Shares Offered | Not less than 25% of the Offer |
To check allotment, click here