Bookbuilding InvIT | ₹1,578 Cr | Listed at BSE, NSE | Tue, Jan 7, 2025 - Thu, Jan 9, 2025
Capital Infra Trust InvIT is a book build issue of ₹1,578.00 crores. The issue is a combination of fresh issue of 10.88 crore shares aggregating to ₹1,077.00 crores and offer for sale of 5.06 crore shares aggregating to ₹501.00 crores.
Capital Infra Trust InvIT bidding started from Jan 7, 2025 and ended on Jan 9, 2025. The allotment for Capital Infra Trust InvIT was finalized on Jan 14, 2025. The shares got listed on the NSE and the BSE on Jan 17, 2025.
Capital Infra Trust InvIT is set final offered price at ₹99 per share. The lot size for an application is 150 shares. The minimum amount of investment required by an individual investor (retail) is ₹15,000 (150 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,100 shares), amounting to ₹2,07,900, and for bNII, it is 68 lots (10,200 shares), amounting to ₹10,09,800.
SBI Capital Markets Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Capital Infra Trust InvIT RHP for detailed Information.
IPO Open
Tue, Jan 7, 2025
IPO Close
Thu, Jan 9, 2025
Final Issue Price
₹99.00 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 7 to 9 Jan, 2025 |
| Listed on | Fri, Jan 17, 2025 |
| Price Band | ₹99.00 to ₹100.00 |
| Final Issue Price | ₹99.00 per share |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding InvIT |
| Listing At | BSE, NSE |
| Total Issue Size | 15,93,93,750 shares (agg. up to ₹1,578 Cr) |
| Fresh Issue | 10,87,87,800 shares (agg. up to ₹1,077 Cr) |
| Offer for Sale | 5,06,05,950 shares of ₹99 (agg. up to ₹501 Cr) |
| Share Holding Pre Issue | 16,66,12,200 shares |
| Share Holding Post Issue | 27,54,00,000 shares |
| BSE Script Code / NSE Symbol | 544338 / CAPINVIT |
| ISIN | INE0Z8Z23013 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 75% of the Offer |
| NII Shares Offered | Not less than 25% of the Offer |
Investors can bid for a minimum of 150 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹14,850 |
| Retail (Max) | 13 | 1,950 | ₹1,93,050 |
| S-HNI (Min) | 14 | 2,100 | ₹2,07,900 |
| S-HNI (Max) | 67 | 10,050 | ₹9,94,950 |
| B-HNI (Min) | 68 | 10,200 | ₹10,09,800 |
Capital Infra Trust InvIT raises ₹703.00 crore from anchor investors. Capital Infra Trust InvIT Anchor bid date is January 6, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jan 6, 2025 |
| Shares Offered | 7,10,10,000 |
| Anchor Portion (₹ Cr.) | 703.00 |
| Anchor lock-in period end date | Wed, Feb 12, 2025 |
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.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 4,905.26 | 4,724.07 | 4,283.33 | 2,502.80 |
| Total Income | 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 | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 | 622.00 |
| 2 | Providing loans to the Project SPVs for repayment of unsecured loans availed by the Project SPVs from the Sponsor | 420.00 |
The Capital Infra Trust Invit is subscribed 2.8 times on January 9, 2025 10:30:00 PM (Day 3). The public issue subscribed [.] times in the retail category, 0.93 times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.93 | 4,85,35,200 | 4,49,06,250 |
| Others | 5.08 | 3,98,48,550 | 20,22,83,400 |
| Total | 2.8 | 8,83,83,750 | 24,71,89,650 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fee and commission to advisors to this Offer | 28.42 |
| 2 | Fee payable to others | 6.58 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹99.00 | ₹99.00 |
| Open | ₹99.00 | ₹99.00 |
| Low | ₹98.57 | ₹98.00 |
| High | ₹99.49 | ₹99.20 |
| Last Trade | ₹99.01 | ₹99.02 |
Lead Manager Reports
Capital Infra Trust InvIT is a main-board InvIT of 15,93,93,750 equity shares of the face value of ₹99 aggregating up to ₹1,578 Crores. The issue is priced at ₹99.00 per share. The minimum order quantity is 150.
The InvIT opens on Tue, Jan 7, 2025, and closes on Thu, Jan 9, 2025.
Kfin Technologies Ltd. is the registrar for the InvIT. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Capital Infra Trust InvIT using UPI as a payment gateway. Zerodha customers can apply in Capital Infra Trust InvIT by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Capital Infra Trust InvIT through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Capital Infra Trust InvIT opens on Tue, Jan 7, 2025 and closes on Thu, Jan 9, 2025.
Capital Infra Trust InvIT lot size is 150, and the minimum amount required for application is ₹14,850.
You can apply in Capital Infra Trust InvIT online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Capital Infra Trust InvIT will be done on Tuesday, January 14, 2025, and the allotted shares will be credited to your demat account by Thu, Jan 16, 2025. Check the Capital Infra Trust InvIT allotment status.
The Capital Infra Trust InvIT listing date is on Fri, Jan 17, 2025.
