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 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 long-term bank loan facility on November 11, 2024.
Capital Infra Trust Invit – Details
| IPO Opening Date | 07 January 2025 |
| IPO Closing Date | 09 January 2025 |
| Issue Type | Book Built Issue InvIT |
| Issue Size | Total Issue Size: 15,78,00,000 Shares Worth ₹1,578.00 Crore Fresh Issue: 10,77,00,000 Shares Worth ₹1,077.00 Crore Offer for Sale: 5,01,00,000 Shares Worth ₹501.00 Crore |
| Face Value | ₹ per equity share |
| IPO Price | ₹99 – ₹100 per share |
| Market Lot | 150 Shares |
| Min Order | 150 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 25% |
Capital Infra Trust Invit – Date Schedule
| IPO Open Date | 07 January 2025 |
| IPO Close Date | 09 January 2025 |
| Basis of Allotment | 10 January 2025 |
| Initiation of Refund | 13 January 2025 |
| Credit of Shares to Demat Account | 13 January 2025 |
| IPO Listing Date | 14 January 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 09, 2025 |
Capital Infra Trust Invit – Lots Size & Price
| Application | 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 |
Competitive Strengths
- Sizeable portfolio of stable revenue generating assets with no construction risk and long-term cash flows.
- Geographically diversified road asset portfolio and revenue base.
- Attractive industry sector with strong underlying fundamentals and favourable government policies.
- Growth opportunities and rights to expand portfolio of assets through acquisition of Sponsor’s portfolio and third party projects.
- Strong support from company’s Sponsor, Project Manager and the Investment Manager.
- Consistent track record of the Project Manager in operating and maintaining projects in the infrastructure sector in India.
- Hedge against adverse interest rate movements.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2022 | 1,981.41 | 1,813.34 | 125.55 |
| 31 March 2023 | 2,518.92 | 1,853.84 | 497.18 |
| 31 March 2024 | 1,543.50 | 1,368.64 | 125.76 |
| 30 September 2024 | 792.26 | 635.96 | 115.42 |
Object Of The Issue
- 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); and
- Providing loans to the Project SPVs for repayment of unsecured loans availed by the Project SPVs from the Sponsor.
Capital Infra Trust Invit Prospectus
- Capital Infra Trust Invit DRHP
- Capital Infra Trust Invit RHP
Company Contact Information
| Capital Infra Trust Invit Unit No. 1401-1403, 14th Floor, Tower B, SAS Tower, Medicity, Sector-38-Gurugram-122001 Phone: +0124 4920139 Email: compliance@capitalinfratrust.com Website: https://www.capitalinfratrust.com/ |
Capital Infra Trust Invit Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: nationalinfra.units@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Capital Infra Trust Invit Lead Manager(s)
| 1. SBI Capital Markets Limited 2. HDFC Bank Limited |
Capital Infra Trust Invit FAQs
| What is Capital Infra Trust Invit? Capital Infra Trust Invit IPO is a main-board IPO. The issue is priced at ₹99 to ₹100 per equity share. The IPO is to be listed on BSE & NSE. |
| When Capital Infra Trust Invit will open? The IPO is to open on 07 January 2025 for QIB, and NII. |
| What is Capital Infra Trust Invit Investors Portion? The investors’ portion for QIB – 75%, and NII – 25%. |
| How to Apply the Capital Infra Trust Invit? You can apply Capital Infra Trust Invit via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Capital Infra Trust Invit through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Capital Infra Trust Invit”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Capital Infra Trust Invit through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Capital Infra Trust Invit“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Capital Infra Trust Invit through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Capital Infra Trust Invit . Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Capital Infra Trust Invit through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Capital Infra Trust Invit“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Capital Infra Trust Invit Size? Capital Infra Trust Invit size is ₹1,578.00 Crore. |
| What is the Capital Infra Trust Invit Price Band? Capital Infra Trust Invit Price Band is ₹99 to ₹100. |
| What is Capital Infra Trust Invit Minimum and Maximum Lot Size for Retail? The minimum bid is 150 Shares with ₹15,000 amount while the maximum bid is 1,950 Shares with ₹1,95,000. |
| What is the Capital Infra Trust Invit Allotment Date? Capital Infra Trust Invit allotment date is 10 January 2025. |
| What is the Capital Infra Trust Invit Listing Date? Capital Infra Trust Invit listing date is 14 January 2025. The IPO is to be listed on BSE and NSE. |
