January 6, 2025
New Delhi, India
Capital Infra Trust IPO
The much-anticipated Initial Public Offering (IPO) of Capital Infra Trust InvIT, valued at ₹1,578 crore, is set to open for subscription from January 7 to January 9, 2025. The price band for the issue is fixed between ₹99 and ₹100 per share, attracting interest from investors across segments.
IPO Details
Issue Structure:
- Fresh Issue: 10.77 crore shares aggregating ₹1,077 crore.
- Offer for Sale (OFS): 5.01 crore shares aggregating ₹501 crore.
Lot Size:
- Minimum Investment: 150 shares per lot.
- For sNII (small non-institutional investors): Minimum 14 lots (₹2,10,000).
- For bNII (big non-institutional investors): Minimum 67 lots (₹10,05,000).
Reservation:
- 75% of the offer reserved for Qualified Institutional Buyers (QIBs).
- 25% reserved for Non-Institutional Investors (NIIs).
Objectives of the IPO
The fresh issue aims to:
- Provide loans to project SPVs for clearing external borrowings.
- Repay unsecured loans from the sponsor.
Key Dates
- Allotment Finalization: January 10, 2025.
- Refund Initiation: January 13, 2025.
- Shares Credited to Demat Accounts: January 13, 2025.
- Listing Date: January 14, 2025, on BSE and NSE.
About Capital Infra Trust
Established in September 2023, Capital Infra Trust operates as an infrastructure investment trust sponsored by Gawar Construction, a prominent player in road and highway construction.
Portfolio Highlights:
- Initial Portfolio Assets (IPAs): Nine revenue-generating projects across 682.42 km in seven states.
- Managed by Project SPVs under SEBI InvIT regulations.
Sponsor Expertise:
- Over 100 completed road projects since 2008.
- Serves key clients, including MoRTH, NHAI, CPWD, and MMRDA.
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