Capital Infra Trust InvIT IPO - AstroIPO

Capital Infra Trust InvIT IPO


January 1, 2025 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Capital Infra Trust is launching an IPO from January 7 to 9, 2025, with a price band of ₹99 – ₹100 per share to raise ₹1578 Crores in the infrastructure sector.

The IPO Structure a fresh issue of 10,77,00,000 shares (₹1077 crores) and an offer for sale of 5,01,00,000 shares (₹501 crores). Investors can apply for a minimum lot of 150 shares, requiring ₹15,000 at the upper price band.

The Capital Infra Trust Invit IPO will list on BSE and NSE, offering 15,78,00,000 shares to the public.

Capital Infra Trust InvIT IPO Details

The key details of Capital Infra Trust’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.

IPO Size ₹1,578 Cr
Price Range ₹99 - ₹100
Retail Quota --
QIB Quota 75%
NII Quota 25%
Employee Discount --
Listing at NSE and BSE
Minimum Quantity 150
Investment (cut-off price) ₹15,000
Pre IPO Promotor Holding Update soon
Post IPO Promotor Holding Update soon
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Capital Infra Trust InvIT IPO Timelines

The IPO process for Capital Infra Trust includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.

07/01/2025
Start Date
09/01/2025
End Date
14/01/2025
Allotment Date View Status
16/01/2025
Refund Initiation
16/01/2025
Credit of Shares to Demat Ac
17/01/2025
Listing Date

Capital Infra Trust InvIT IPO Lot Size

The Capital Infra Trust InvIT IPO has a fixed lot size of 150 shares, at an upper price band of ₹100 per share, requiring ₹15,000 per lot for retail investors. Retail investors can apply for a maximum of 1,950 shares worth ₹195,000. For Small HNI (S-HNI), the minimum application starts at 2,100 shares (₹210,000) up to 9,900 shares (₹990,000), while Big HNI (B-HNI) requires a minimum of 10,050 shares amounting to ₹1,005,000.

Application Lot Size Shares Amount
Retail Minimum 1 150 ₹15,000
Retail Maximum 13 1950 ₹1,95,000
S-HNI Minimum 14 2100 ₹2,10,000
S-HNI Maximum 66 9900 ₹9,90,000
B-HNI Minimum 67 10050 ₹10,05,000

Capital Infra Trust InvIT IPO Subscription Status

The subscription status for Capital Infra Trust IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.

QIB NII Retail EMP Total
0.39x 5.13x -- -- 2.54x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹99.00 ₹99.02 ₹99.20 ₹98.00

Capital Infra Trust InvIT IPO Company Financials

Capital Infra Trust reports robust performance in FY2024 with Total Income of ₹1,543.51 crores, managing expenses at ₹1,368.64 crores, and achieving a strong PAT (Profit After Tax) of ₹125.77 crores, demonstrating significant growth potential ahead of its public offering.

Year Total Income Total Expense PAT
FY 2022 ₹1,981.42 ₹1,813.34 ₹125.56
FY 2023 ₹2,518.92 ₹1,853.84 ₹497.19
FY 2024 ₹1,543.51 ₹1,368.64 ₹125.77
FY 2025 (6 M) ₹792.27 ₹635.97 ₹115.43

About Company

Capital Infra Trust, established in September 2023 and sponsored by Gawar Construction Limited, is an infrastructure investment trust (InvIT) focused on infrastructure investments as per SEBI’s regulations. The sponsor specializes in constructing road and highway projects across 19 Indian states for government bodies such as NHAI, MoRTH, MMRDA, and CPWD. By December 2024, the sponsor’s portfolio includes 26 road projects on a hybrid annuity mode (HAM) with NHAI, consisting of 11 completed projects, including five previously owned by Sadbhav Infrastructure Project Limited, and 15 under-construction projects. The trust was also assigned a ‘Provisional CRISIL AAA/Stable’ rating for its NCDs and proposed long-term bank loan facility in November 2024.

Capital Infra Trust, previously known as National Infrastructure Trust, is dedicated to strategic investments primarily in national highways, bridging geographical gaps and enhancing economic activity in underserved regions. The InvIT aims to foster responsible development, building a sustainable infrastructure platform to deliver strong risk-adjusted returns to unitholders. It strives to become a leading force in driving positive transformation in India’s infrastructure sector.

Incorporation Date Sector Managing Director
2023 Infrastructure Deepa Rath

Know Before Investing

When evaluating Capital Infra Trust's IPO potential, understanding both its market advantages and inherent risks becomes crucial for your investment. Below are the key insights you should consider.

Capital Infra Trust InvIT IPO Strengths

  • The InvIT is backed by completed Hybrid Annuity Model (HAM) projects, ensuring predictable and stable cash flows for investors.
  • Initially comprising 9 HAM assets with an additional 17 under a Right of First Offer (ROFO), the InvIT offers a diversified investment base.
  • The IPO proceeds will be used to reduce bank debt and improve leverage, enhancing financial stability.
  • Led by professionals with extensive experience in infrastructure investment, ensuring effective management and operational efficiency.

Capital Infra Trust InvIT IPO Risks

  • The returns are directly linked to the performance of underlying infrastructure assets; poor performance can lead to lower income.
  • Changes in interest rates can impact borrowing costs, affecting profitability and the ability to fund future projects.
  • Infrastructure projects may face regulatory changes or political instability, which could affect project viability and returns.
  • Delays, cost overruns, or failures in infrastructure projects can lead to lower-than-expected returns for investors.

Swot Analysis for Capital Infra Trust InvIT IPO

Understanding Capital Infra Trust's SWOT analysis is your first step towards making a confident investment decision. Let's evaluate its core strengths and potential challenges ahead.

Strengths

Stable revenue from operational assets, Diversified investment portfolio, Strong government support

Weaknesses

Limited operating history, Dependence on toll revenue consistency, Potential maintenance cost increases

Opportunities

Growing infrastructure investment demand, Expansion into new projects, Favorable government policies

Threats

Intense competition in the infrastructure sector, Economic downturn risks, Regulatory compliance challenges

Company 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/

IPO Registar Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: nationalinfra.units@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

FAQs

The key objectives of Capital Infra Trust InvIT IPO are:

  • Providing loans to Project SPVs for partial or full repayment of external borrowings, including accrued interest and prepayment penalties.
  • Providing loans to Project SPVs for repayment of unsecured loans taken from the Sponsor.

SBI Capital Markets Limited and Hdfc Bank Limited are the book-running lead managers for the Capital Infra Trust InvIT IPO.

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