The much-anticipated Capital Infra Trust Invit IPO opens for subscription, offering a total issue size of ₹1,578 crores. This book-built issue consists of a fresh issue of 10.77 crore shares, aggregating to ₹1,077 crores, and an offer for sale (OFS) of 5.01 crore shares, totaling ₹501 crores. With a price band of ₹99 to ₹100 per share, the IPO is set to close on January 9, 2025, and the allotment is expected to be finalized on January 15, 2025. Listing on BSE and NSE is scheduled for January 17, 2025.
Retail investors can participate with a minimum lot size of 150 shares, requiring an investment of ₹15,000, while sNII (small Non-Institutional Investors) and bNII (big Non-Institutional Investors) need to apply for 14 lots (₹2,10,000) and 67 lots (₹10,05,000) respectively.
Despite a decline in revenue from ₹2,518.92 crores in 2023 to ₹1,543.51 crores in 2024, and profits dropping from ₹497.19 crores to ₹125.77 crores, analysts recommend this IPO for long-term investment based on the company’s future growth potential.
Overview of Contents
Capital Infra Trust InvIT IPO Overview
| Parameter | Details |
|---|---|
| IPO Subscription Dates | January 7, 2025 to January 9, 2025 |
| Listing Date | January 17, 2025 (Tentative) |
| Face Value | ₹10 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 Crores) |
| Fresh Issue | 10,77,00,000 shares (Aggregating up to ₹1,077.00 Crores) |
| Offer for Sale | 5,01,00,000 shares (Aggregating up to ₹501.00 Crores) |
| Issue Type | Book Built Issue InvIT |
| Listing At | BSE, NSE |
| Minimum Investment | ₹15,000 for retail investors (150 shares) |
| sNII Minimum Lot Size | 14 lots (2,100 shares) – ₹2,10,000 |
| bNII Minimum Lot Size | 67 lots (10,050 shares) – ₹10,05,000 |
| Revenue (2024) | ₹1,543.51 Crores |
| Profit (2024) | ₹125.77 Crores |
| Revenue (2023) | ₹2,518.92 Crores |
| Profit (2023) | ₹497.19 Crores |
| Investment Recommendation | Long-term investment suggested based on future growth potential |
Capital Infra Trust InvIT IPO Lot Size
Before you consider applying for the Capital Infra Trust Invit IPO, it’s important to understand the investment structure. Investors can bid for a minimum of 150 shares, and additional shares must be in multiples of the same lot size.
The table below shows the investment breakdown for retail investors, small non-institutional investors (S-HNI), and big non-institutional investors (B-HNI) in terms of the number of shares and corresponding amounts. Make sure to assess your investment capacity based on the minimum and maximum lot sizes.
| 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 |
Capital Infra Trust Invit Dates
| IPO Open Date | Tuesday, January 7, 2025 |
| IPO Close Date | Thursday, January 9, 2025 |
| Basis of Allotment | Friday, January 15, 2025 |
| Initiation of Refunds | Monday, January 16, 2025 |
| Credit of Shares to Demat | Monday, January 16, 2025 |
| Listing Date | Tuesday, January 17, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 24, 2025 |
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 |
About Capital Infra Trust Invit IPO
Capital Infra Trust, established in September 2023, is an infrastructure investment trust sponsored by Gawar Construction Limited, specializing in road and highway projects across 19 states in India. The Trust oversees 26 road projects under the Hybrid Annuity Mode (HAM) with NHAI, including both completed projects and under-construction ones. It was registered with SEBI in March 2024 and received a CRISIL AAA/Stable rating in November 2024 for its proposed long-term financial instruments.
The InvIT structure manages a diversified portfolio through Special Purpose Vehicles (SPVs), which isolates financial risks, streamlines management, and protects investor assets. This approach ensures a balance between diversification and control, contributing to long-term value creation for investors.
Capital Infra Trust InvIT IPO Company Financial Report
Capital Infra Trust has shown a steady growth in assets, increasing from ₹2,502.8 crore in FY 2022 to ₹4,905.26 crore as of September 2024. However, the company has experienced a decline in revenue and profit over the past few years, with a notable drop in revenue from ₹2,518.92 crore in FY 2023 to ₹792.27 crore in Q2 FY 2024.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Crore) | 4,905.26 | 4,724.07 | 4,283.33 | 2,502.8 |
| Revenue (₹ Crore) | 792.27 | 1,543.51 | 2,518.92 | 1,981.42 |
| Profit After Tax (₹ Crore) | 115.43 | 125.77 | 497.19 | 125.56 |
Objects of the Issue
Providing loans to Project SPVs for repaying or pre-paying external borrowings, including interest and penalties, as well as repaying unsecured loans from the Sponsor.
Capital Infra Trust InvIT IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: nationalinfra.units@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- SBI Capital Markets Limited
- Hdfc Bank Limited
Company Address
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/
Capital Infra Trust InvIT IPO FAQs
What is the issue size of the Capital Infra Trust IPO?
The IPO has a total issue size of ₹1,578.00 Crores, including both fresh issue and offer for sale.
When is the Capital Infra Trust IPO open for subscription?
The IPO will be open for subscription from January 7, 2025, to January 9, 2025.
What is the price band for the IPO?
The price band for the Capital Infra Trust IPO is ₹99 to ₹100 per share.
What is the lot size for this IPO?
The minimum lot size is 150 shares, and bids can be made in multiples of 150 shares.
How much do retail investors need to invest?
Retail investors need to invest a minimum of ₹15,000 for 150 shares.
What is the listing date for the IPO?
The tentative listing date for the Capital Infra Trust IPO is January 17, 2025.
How is the InvIT structured?
The InvIT manages a diversified portfolio of infrastructure assets through Special Purpose Vehicles (SPVs), isolating financial risks and ensuring efficient project management.
What are the financials of the company?
As of September 2024, the company reported revenue of ₹792.27 Crores and a profit after tax of ₹115.43 Crores.