Capital Infra Trust InvIT IPO Day 1 Live Updates: Key Highlights, GMP, Subscription Status, and Insights
Capital Infra Trust IPO opens today, January 7, 2025. The company's shares have been trading at no premium in the grey market, reflecting no price advantage over the IPO listing price. The Grey Market Premium (GMP) has remained unchanged since trading commenced on January 1, 2025.
Capital Infra IPO Details
Issue Details:
- Capital Infra Trust InvIT is a book-built issue worth ₹1,578.00 crores.
The issue includes:
- A fresh issue of 10.77 crore shares amounting to ₹1,077.00 crores.
- An offer for sale (OFS) of 5.01 crore shares totaling ₹501.00 crores.
Bidding Period:
- Opens on January 7, 2025.
- Closes on January 9, 2025.
Allotment Date:
- The allotment is expected to be finalized on Friday, January 10, 2025.
Listing Details:
- The InvIT will list on both BSE and NSE.
- Tentative listing date is Tuesday, January 14, 2025.
Utilization of IPO Proceeds
The proceeds from the offer will be utilized primarily to provide loans to the Project SPVs for two purposes: to repay or pre-pay external borrowings, either partially or fully, including any accrued interest and prepayment penalties owed to financial lenders, and
to settle unsecured loans previously availed by the Project SPVs from the Sponsor.
Capital Infra Trust InvIT Business Overview
Established in September 2023, Capital Infra Trust is an infrastructure investment trust (InvIT) sponsored by Gawar Construction Limited, created to undertake activities and investments permissible under SEBI InvIT regulations. The sponsor is a prominent player in road and highway construction, serving government entities such as NHAI, MoRTH, MMRDA, and CPWD. By December 2024, Gawar Construction Limited had a portfolio of 26 road projects under the hybrid annuity model (HAM) with NHAI, comprising 11 completed projects, including five assets acquired from Sadbhav Infrastructure Project Limited and 15 projects still under construction. On November 11, 2024, CRISIL Ratings Limited assigned the Trust a provisional ‘CRISIL AAA/Stable’ rating for its NCDs and proposed long-term bank loan facilities.
Capital Infra Trust InvIT Financials
The Revenue of the firm in FY 2024 decreased by 38.8% to ₹1,543.51 crores from ₹2,518.92 crores of FY 2023. The Profit After Tax of the Company was decreased by 74.7% in FY 2024 to ₹125.77 crores from ₹497.19 crores of FY 2023.
For the first half of FY25, it earned a net profit of Rs 115.43 crore on a total income of Rs 792.27 crore.
Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news that appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade or deal in the grey market nor do we recommend or endorse trading in the grey market.