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CICAPINVITListed

Capital Infra Trust

Bookbuilding IPO · NSE, BSE

Price band
₹99 - ₹100
Lot size
150 shares
Issue amount
₹1,578 cr
Total subscription
2.8×
Current priceUnavailable
Listing price ₹99
Watch live price ↗
Opens
7 Jan 2025
Closes
9 Jan 2025
Allotment
15 Jan 2025
Listing
17 Jan 2025

Offer at a glance

Issue overview

Issue size
15,78,00,000 shares
Face value
0
Minimum investment
₹14,850
Fresh issue
₹1,077 cr
Offer for sale
₹501 cr
Registrar
Kfin Technologies Limited
Listing exchange
NSE, BSE
Maximum investment
₹15,000
Issue type
Bookbuilding IPO
Shares before issue
16,66,12,200
Shares after issue
27,54,00,000

Lot sizes

CategoryLotsSharesAmount
Retail1150₹14,850
sHNI142,100₹2,07,900
bHNI6810,200₹10,09,800

Share reservation

QIB54.55%
HNI45.45%

Subscription & GMP

Subscription by category

Total subscribed2.8×

Missing multiples are calculated from bids and offered shares when available.

QIB0×

GMP history

00.5113 Nov: ₹024 Nov: ₹0
13 Nov₹024 Nov

Application-wise demand

CategoryReserved applicationsApplied applications
RETAIL00
HNIs(10L +)00
HNIs (2-10L)00

Subscription demand

Amounts in ₹ crore. HNI subcategories are included in the NII total.

CategoryOfferedDemand
QIBs485.350

Financial performance

Company financials

In Crores · Reported periods may include interim results.

Revenue & profitIn Crores
01,0002,0003,000Mar-22 · Revenue: 1,981Mar-22 · Profit after tax: 126Mar-22Mar-23 · Revenue: 2,519Mar-23 · Profit after tax: 497Mar-23Mar-24 · Revenue: 1,544Mar-24 · Profit after tax: 126Mar-24Sep-24 · Revenue: 792Sep-24 · Profit after tax: 115Sep-24
RevenueProfit after tax

Company information

Company profile

Established in September 2023, Capital Infra Trust is an infrastructure investment trust sponsored by Gawar Construction Limited, focusing on road and highway construction projects across 19 Indian states for government agencies such as NHAI, MoRTH, MMRDA, and CPWD. As of December 2024, the sponsor’s portfolio includes 26 hybrid annuity mode (HAM) road projects with NHAI, comprising 11 completed projects—five acquired from Sadbhav Infrastructure Project Limited—and 15 under construction. The Trust holds a Provisional CRISIL AAA/Stable rating for its NCDs and proposed long-term bank loan facility, reflecting a strong credit profile.

Strengths

  • Steady Income-Generating Assets: A large collection of finished projects guarantees consistent cash flow without the risk of construction delays.
  • Diverse Locations: Our road projects and income sources are spread across 19 states, helping reduce reliance on any one region.
  • Positive Industry Outlook: We're in a strong industry backed by government support and infrastructure growth plans.

Risk factors

  • Limited Track Record: Since we're a newly formed trust, it's hard to predict how well we'll grow in the future.
  • Condition-Based Deals: Acquiring project companies depends on certain conditions being met, which could cause delays or even prevent the deals from going through.
  • Early Asset Termination: If assets from the initial portfolio are ended early, it could result in lost payments, affecting our financial stability.

Objects of the issue

0

Registrar & documents

Lead manager

SBI Capital Markets Limited, Hdfc Bank Limited

Registered office

Unit No. 1401-1403, 14th Floor, Tower B, SAS Tower, Medicity, Sector-38-Gurugram-122001

+0124 4920139

[email protected]Company website ↗

Understanding CAPINVIT IPO data

Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.