- Capital Infra Trust InvIT IPO opens from January 7 to January 9, 2025.
- Price band set at ₹99–₹100 per share.
- Minimum retail investment: ₹15,000 for 150 shares.
- Sponsored by Gawar Construction Limited, focusing on road projects in 19 Indian states.
- Listing expected on NSE and BSE on January 14, 2025.
The Capital Infra Trust InvIT IPO, worth ₹1,578 crore, is set to open for subscription on January 7, 2025, and close on January 9, 2025. This issue includes a fresh issuance of 10.77 crore shares, aggregating to ₹1,077 crore, and an offer for sale (OFS) of 5.01 crore shares, aggregating to ₹501 crore.
Capital Infra Trust InvIT IPO Details
| IPO Date | January 7–9, 2025 |
|---|---|
| Price Band | ₹99 to ₹100 per share |
| Lot Size | 150 shares |
| Total Issue Size | ₹1,578 crores |
| Fresh Issue | ₹1,077 crores (10.77 crore shares) |
| Offer for Sale (OFS) | ₹501 crores (5.01 crore shares) |
| Issue Type | Book Built Issue InvIT |
| Listing Date (Tentative) | January 14, 2025 |
The IPO will follow a book-built issue method, with SBI Capital Markets Limited and HDFC Bank Limited acting as lead managers, while KFin Technologies Limited is the registrar.
Capital Infra Trust InvIT Tentative Timeline
| Event | Date |
|---|---|
| IPO Open Date | January 7, 2025 (Tuesday) |
| IPO Close Date | January 9, 2025 (Thursday) |
| Basis of Allotment | January 10, 2025 (Friday) |
| Refund Initiation | January 13, 2025 (Monday) |
| Credit of Shares to Demat | January 13, 2025 (Monday) |
| Listing Date | January 14, 2025 (Tuesday) |
| UPI Mandate Cut-Off | 5 PM on January 9, 2025 |
Capital Infra Trust InvIT Investment Details
The minimum investment for retail investors starts at ₹15,000 (1 lot of 150 shares). Here’s a breakdown:
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Min. | 1 | 150 | ₹15,000 |
| Retail Max. | 13 | 1,950 | ₹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 |
About Capital Infra Trust
- Capital Infra Trust, established in September 2023 and sponsored by Gawar Construction Limited, is an infrastructure investment trust (InvIT) engaged in investing in road and highway projects across 19 Indian states.
- As of December 2024, the sponsor manages a portfolio of 26 road projects on a hybrid annuity mode (HAM) with NHAI, including 11 completed projects and 15 under-construction projects.
- The trust has secured a Provisional CRISIL AAA/Stable rating for its NCDs and proposed long-term bank loan facility.
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Financial Performance
| Metric | Sep 30, 2024 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
|---|---|---|---|---|
| Assets (₹ Cr) | 4,905.26 | 4,724.07 | 4,283.33 | 2,502.80 |
| Revenue (₹ Cr) | 792.27 | 1,543.51 | 2,518.92 | 1,981.42 |
| PAT (₹ Cr) | 115.43 | 125.77 | 497.19 | 125.56 |
Objectives of the Issue
The proceeds from the issue will be used to:
Repay unsecured loans availed by the Project SPVs from the sponsor.
Repay/prepay external borrowings (including interest and prepayment penalties) of the Project SPVs.
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice or an endorsement of any IPO or investment opportunity. While we strive to ensure the accuracy of the details shared, the content is based on publicly available information, research, and reports from credible sources. Readers are advised to verify the details independently and consult with a financial advisor before making any investment decisions.Stay informed and exercise caution while making financial decisions.
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