Capital Infra Trust Invit Overview

Capital Infra Trust Invit is a book built issue of Rs 1,578.00 crores. The issue is a combination of fresh issue of 10.77 crore shares aggregating to Rs 1,077.00 crores and offer for sale of 5.01 crore shares aggregating to Rs 501.00 crores.

Capital Infra Trust Invit bidding opened for subscription on January 7, 2025 and will close on January 9, 2025. The allotment for the Capital Infra Trust Invit is expected to be finalized on Friday, January 10, 2025. Capital Infra Trust Invit will list on BSE, NSE with tentative listing date fixed as Tuesday, January 14, 2025.

Capital Infra Trust Invit price band is set at ₹99 to ₹100 per share. The minimum lot size for an application is 150. The minimum amount of investment required by retail investors is ₹15,000. The minimum lot size investment for sNII is 14 lots (2,100 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (10,050 shares), amounting to ₹10,05,000.

SBI Capital Markets Limited, Hdfc Bank Limited are the book running  lead manager of the Capital Infra Trust Invit, while Kfin Technologies Limited is the registrar for the issue.

Refer to Capital Infra Trust Invit RHP for detailed information.

Capital Infra Trust Invit Important dates

Capital Infra Trust Invit opens on January 7, 2025, and closes on January 9, 2025.

IPO Open Date Tuesday, January 7, 2025
IPO Close Date Thursday, January 9, 2025
Basis of Allotment Friday, January 10, 2025
Initiation of Refunds Monday, January 13, 2025
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

Capital Infra Trust Invit Financial Performance

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

Capital Infra Trust Invit Objectives

The Offer Proceeds will be utilised towards the following objects

  1. 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
  2. Providing loans to the Project SPVs for repayment of unsecured loans availed by the Project SPVs from the Sponsor.

Capital Infra Trust Invit Lot Size

Investors can bid for a minimum of 150 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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

Capital Infra Trust Invit Details

IPO Date January 7, 2025 to January 9, 2025
Listing Date [.]
Face Value ₹ per share
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

Capital Infra Trust Invit Company Overview and Services

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 long-term bank loan facility on November 11, 2024.

Capital Infra Trust Invit SWOT Analysis

Strengths:

  • Stable Revenue Generating Assets: InvITs, by nature, invest in operational infrastructure assets that generate predictable cash flows. In Capital Infra Trust’s case, these are toll roads and highways, which provide relatively stable revenue through toll collections.
  • Experienced Sponsor: The backing of Gawar Construction, an experienced player in the Indian infrastructure sector, provides credibility and expertise.
  • Geographically Diversified Portfolio: Having road assets spread across multiple states reduces geographical concentration risk.
  • Favorable Industry Environment: The Indian government’s strong focus on infrastructure development provides a favorable environment for InvITs focused on roads and highways.
  • HAM (Hybrid Annuity Model) Projects: Many of the trust’s assets operate under the HAM model, which ensures regular annuity payments from the government, providing more predictable revenue streams.

Weaknesses:

  • Reliance on NHAI (National Highways Authority of India): A significant portion of revenue depends on annuity payments from NHAI. Delays in payments from NHAI can impact cash flows.
  • Limited Operating History (as a Trust): As a newly established trust, there’s limited historical data to assess long-term performance and management effectiveness.
  • Acquisition Risks: Future growth depends on acquiring new projects, which involves risks related to due diligence, valuations, and integration.
  • Interest Rate Sensitivity: InvITs can be sensitive to changes in interest rates, as they often rely on debt financing. Rising interest rates can increase financing costs and impact distributions.

Opportunities:

  • Continued Infrastructure Development in India: The Indian government’s continued focus on infrastructure development provides ample opportunities for InvITs to acquire new assets and expand their portfolios.
  • Potential for Yield Enhancement: The trust may explore opportunities to improve operational efficiency and optimize asset utilization to enhance yield for investors.
  • Diversification into Other Infrastructure Sectors: While currently focused on roads and highways, the trust could potentially diversify into other infrastructure sectors in the future.

Threats:

  • Changes in Government Policies and Regulations: Changes in government policies related to infrastructure development, toll collection, or InvIT regulations can impact the trust’s operations and profitability.
  • Economic Downturn: An economic slowdown can impact traffic volumes and toll collections, affecting revenue.
  • Competition from Other InvITs and Infrastructure Players: The InvIT market is becoming increasingly competitive, with new trusts being established and existing players expanding their portfolios.
  • Force Majeure Events: Natural disasters or other unforeseen events can disrupt operations and impact revenue.

Capital Infra Trust Invit GMP Details

Capital Infra Trust Invit IPO last GMP is ₹0, last updated Jan 8th 2025 07:56 AM. With the price band of 100.00, Capital Infra Trust Invit IPO’s estimated listing price is ₹100 (cap price + today’s GMP).The expected percentage gain/loss per share is 0.00%.

We update GMP on a daily basis and based on last 8 sessions grey market activities, today IPO GMP trend, no major movement is observed in GMP, expect same trend till listing day. Stay with us to know the daily price trend of Capital Infra Trust Invit IPO GMP with expected listing price.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
08-01-2025 100.00 ₹0  — ₹100 (0%) 8-Jan-2025 7:56
07-01-2025 Open 100.00 ₹0  — ₹100 (0%) 7-Jan-2025 22:25
06-01-2025 100.00 ₹0  — ₹100 (0%) 6-Jan-2025 22:30

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Capital Infra Trust Invit Subscription Status 

Sorry, we couldn’t find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

Capital Infra Trust Invit  Allotment status 

Capital Infra Trust Invit allotment is expected on Friday, January 10, 2025.

Capital Infra Trust Invit allotment status is not available at this time. Capital Infra Trust Invit – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Capital Infra Trust InvIT allotment status.

To check Capital Infra Trust Invit allotment status, follow the steps below:

  1. Click on the below allotment status check button.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
  4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on 04067162222, 04079611000 or send an email with all relevant details to reachus@kfintech.com.

Capital Infra Trust Invit Contact Details

Capital Infra Trust
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/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

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