IPO Details

Bidding Dates

06 Jan '25 - 08 Jan '25

Minimum Investment

₹15,000 / 1 Lot (150 Shares)

Price Range

₹99 - ₹100

Maximum Investment

₹1,95,000 / 13 Lot (1,950 Shares)

Retail Discount

Not Applicable

Issue Size

₹1,578.00 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Capital Infra Trust Invit Important Dates

Important dates with respect to IPO allotment and listing

Opening Date

Jan 6, 2025

Closing Date

Jan 8, 2025

Basis of Allotment

Jan 9, 2025

Initiation of Refunds

Jan 12, 2025

Listing Date

Jan 13, 2025

About Capital Infra Trust Invit

The Capital Infra Trust InvIT is a book-built issue with a size of ₹1,578 crore. The offering comprises a fresh issue of 10.77 crore shares worth ₹1,077 crore and an offer for sale of 5.01 crore shares amounting to ₹501 crore. The issue is open for subscription on January 7, 2025, and close on January 9, 2025. The allotment is expected to be finalised on January 10, 2025, with the listing date set for January 14, 2025, on both BSE and NSE.

Priced between ₹99 and ₹100 per share, the minimum application size for retail investors is 150 shares, requiring a minimum investment of ₹15,000. For sNII and bNII categories, the minimum investments are ₹2,10,000 (2,100 shares) and ₹10,05,000 (10,050 shares), respectively. SBI Capital Markets Limited and HDFC Bank Limited are the lead managers, while KFin Technologies Limited is the registrar for this issue.

Industry Outlook

  1. The Indian infrastructure sector received ₹111 crore crore investment under the National Infrastructure Pipeline (FY20-25), encompassing 9,000 projects across 35 sub-sectors.
  2. FDI inflows between FY01-FY24 reached $26.61 billion in construction development and $33.91 billion in infrastructure activities, driving economic and allied sector growth.

Capital Infra Trust Invit IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

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

About Capital Infra Trust 

Established in September 2023, Capital Infra Trust is an infrastructure investment trust sponsored by Gawar Construction Limited. The Trust operates under SEBI InvIT Regulations, focusing on infrastructure investments and development activities.

Gawar Construction Limited, the sponsor company, specialises in executing road and highway projects across 19 states in India. It collaborates with prominent government organisations, including the NHAI, MoRTH, MMRDA, and CPWD, to deliver large-scale infrastructure projects.

As of December 2024, the sponsor’s portfolio comprises 26 road projects developed under the hybrid annuity mode (HAM) with NHAI. This includes 11 completed projects—five of which were acquired from Sadbhav Infrastructure Project Limited—and 15 under-construction projects.

Capital Infra Trust received a ‘Provisional CRISIL AAA/Stable (Assigned)’ rating on November 11, 2024, from CRISIL Ratings Limited for its NCDs and proposed long-term bank loan facilities, highlighting its financial stability and creditworthiness.

How To Check the Allotment Status of the Capital Infra Trust Invit IPO?

Steps to check Invit allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the Invit Section and then to Invit Orders.
  3. Select the individual Invit that you had applied for and check the allotment status.
  4. Angel One will notify you of your Invit allotment status via push notification and email.

How To Apply for Capital Infra Trust Invit Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the Invit Section: Navigate to the 'Invit' section on the platform.
  3. Select Invit: Find and select the Capital Infra Trust Invit from the list of open Invits.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Capital Infra Trust Invit 

Registered office: Unit No. 1401-1403, 14th Floor, Tower B, SAS Tower, Medicity, Sector-38, Gurugram 122001, Haryana, India

Phone: +0124 4920139

E-mail: compliance@capitalinfratrust.com

Capital Infra Trust Invit Reservation

Investor Category

Shares Offered

QIB Shares Offered

Not more than 75% of the Offer

NII (HNI) Shares Offered

Not less than 25% of the Offer

Capital Infra Trust Invit IPO Lot Size

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 Prospectus

Capital Infra Trust Invit Registrar and Lead Managers

Capital Infra Trust Invit Lead Managers

  • SBI Capital Markets Limited
  • Hdfc Bank Limited

Registrar for Capital Infra Trust Invit

Kfin Technologies Limited

  • Contact Number: 04067162222, 04079611000
  • Email Address: nationalinfra.units@kfintech.com

Website: Capital Infra Trust Invit Registrar

Financial Performance of Capital Infra Trust

Particulars For period ended September 30, 2024 Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ crore) 792.27 1,543.51 2,518.92 1,981.42
Profit After Tax (PAT) (in ₹ crore) 115.43 125.77 497.19 125.56
Assets (in ₹ crore) 4,905.26 4,724.07 4,283.33 2,502.8

Know before investing

Strengths

6

  1. Sizeable portfolio of nine operational road assets across India.

  2. 682.425 km national highways with ₹91,533.40 million project costs.

  3. Regular annuities from NHAI; ₹5,544.59 million received by 2024.

  4. Hybrid Annuity Model ensures stable, predictable long-term cash flows.

  5. Geographically diversified assets across seven states reduce project risks.

  6. Residual concession periods range from 10.09 to 13.84 years.

Risks

6

  1. Trust lacks operating history, making future performance difficult to assess.

  2. Formation Transactions subject to NHAI approvals and lender conditions.

  3. Early termination of projects risks reduced termination payments from NHAI.

  4. Revenue depends on consistent annuity payments; projected ₹10,444.26 million.

  5. Residual concession periods average 11.7 years, limiting long-term growth.

  6. Unpredictable increases in O&M costs may reduce profit margins.

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Capital Infra Trust Invit FAQs

What is the Capital Infra Trust Invit?

Capital Infra Trust Invit is a book-built issue Invit. It will be open from January 7, 2025, to January 9, 2025.

When will Capital Infra Trust Invit be allotted?

The Basis of Allotment will happen on Friday, January 10, 2025.

When will Capital Infra Trust Invit open for subscription?

The Invit subscription window will open on January 7, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 150 shares.

When will Capital Infra Trust list on exchanges?

The listing date for Capital Infra Trust is Tuesday, January 14, 2025.

What is the issue size of the Capital Infra Trust Invit?

The issue size of the Capital Infra Trust Invit is up to ₹1,578.00 crore, with a fresh issue of ₹1,077.00 crore and an offer for sale of ₹501.00 crore.

What are the open and close dates of the Capital Infra Trust Invit?

The open and close dates for Capital Infra Trust Invit are from January 7, 2025, to January 9, 2025.

What would be the listing gains on the Capital Infra Trust Invit IPO?

Listing gains cannot be ascertained before the listing of the Invit on the stock exchange.

How to increase your chances of getting a Capital Infra Trust Invit allotment?

1. Multiple Submissions: Use different Demat accounts to make multiple applications.
2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
3. Timely Subscription: Ensure you subscribe to the Invit within the specified time frame.

How do I approve the UPI mandate request for Capital Infra Trust Invit IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Capital Infra Trust using one PAN?

You can submit only one application using your PAN card.

How to read Capital Infra Trust Limited's financial statements?

To read Capital Infra Trust’s financial statements, download the Invit’s RHP document.

What is 'pre-apply' for Capital Infra Trust Invit IPO?

Pre-apply allows investors to apply for the Capital Infra Trust Invit two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Capital Infra Trust Invit, when will my order get placed?

Your order will be placed when the Invit opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Capital Infra Trust Invit IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Capital Infra Trust Invit?

Kfin Technologies Limited is the registrar responsible for managing the Invit allotment process and handling investor queries.

Where is the Capital Infra Trust Invit getting listed?

Capital Infra Trust Invit is proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).