Preparations for the listing of the first Infrastructure Investment Trust (InvIT) by 2024 have started. Capital Infra Trust has set the price band for its ₹1,578 crore IPO. This IPO will be open for subscription next week from January 7 to January 9, 2025. However, the issue is not available to retail investors (those investing less than ₹2 lakh). After successful bidding, its units will be listed on BSE and NSE on January 14.
Key details of Capital Infra Trust InvIT IPO
| Properties | Description |
|---|---|
| issue size | ₹1,578 crore |
| price band | ₹99-₹100 per unit |
| lot size | 150 units |
| opening date | 7 January 2025 |
| closing date | 9 January 2025 |
| QIB Reservation | 75% |
| NII Reservation | 25% |
| allotment of units | 10 January 2025 |
| listing date | 14 January 2025 (BSE and NSE) |
| registrar | Kfin Tech |
Units to be issued under IPO
- New Units: New units worth ₹1,077 crore.
- Offer for Sale (OFS): 10.77 crore units will be sold by existing shareholders.
- The amount raised from OFS will go to the shareholders selling the units.
- Use of new funds:
- the amount raised Capital Infra Trust Project SPV Will be used to reduce the loan.
About Capital Infra Trust
Capital Infra Trust is an infrastructure investment trust, established September 2023 It took place in.
- Sponsor: GAWAR CONSTRUCTION LIMITED.
- scope of works: Road and Highway Projects in 19 States.
- Major Clients:
- NHAI, MORTH, MMRDA, CPWD Like government organizations.
- Projects:
- By December 2024, the company’s portfolio will include 26 road projects Were.
- Of these, 11 projects have been completed.
financial performance
| financial year | Net Profit (₹ Crore) | Revenue (₹ Crore) |
|---|---|---|
| FY22 | 125.56 | 1,981.42 |
| FY23 | 497.19 | 2,518.92 |
| FY24 | 125.77 | 1,543.51 |
| FY25(H1) | 115.43 | 792.27 |
- Decline after FY23 high:
- Both the company’s net profit and revenue increased in FY23, but fell to around FY22 levels in FY24.
- First half of FY25:
- The company earned net profit of ₹115.43 crore and revenue of ₹792.27 crore between April-September 2024.
Why is IPO special?
- Investment Objective:
- Focus on reducing loan and strengthening the financial position of the company.
- Growing Infrastructure Sector:
- The increasing investment by the government in road and highway projects presents a long-term opportunity for the Trust.
- Market Situation:
- Strong financial background and association with government projects makes it a reliable investment option.
