Capital Infra Trust InvIT IPO

Capital Infra Trust

₹14,850 /150 sharesMinimum Investment

Capital Infra Trust InvIT IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
7 Jan ‘25 - 9 Jan ‘25₹14,850150₹99 - ₹100
Issue SizeIPO Doc
1578.00Cr
RHP PDF

Subscription rate

As of 09 Jan'25, 01:00 PM
Qualified Institutional Buyers0.04x
Non-Institutional Investor1.91x
Retail Individual Investor0.00x
Total0.88x

About Capital Infra Trust InvIT

Capital Infra Trust, formerly known as National Infrastructure Trust, is an infrastructure investment trust sponsored by Gawar Construction Limited (GCL). Established on September 25, 2023, the trust operates under the SEBI InvIT Regulations, focusing on activities and investments related to infrastructure development. The trust primarily manages and invests in nine completed, revenue-generating infrastructure assets These assets are operated and maintained through concessions granted by the National Highways Authority of India (NHAI) and are managed by Project Special Purpose Vehicles (SPVs). The portfolio includes roads located in Haryana, Rajasthan, Bihar, Uttarakhand, Himachal Pradesh, Madhya Pradesh, and Karnataka. As of September 30, 2024, the initial portfolio has a weighted average remaining concession life of 11.7 years. ;
Founded in
2023
Managing director
Ms. Deepa Rath
Parent organisation
Capital Infra Trust

Strengths & Financials of Capital Infra Trust InvIT

Strengths
Risks
As of December 27, 2024, the Sponsor manages a portfolio of 26 hybrid annuity mode (HAM) road projects with the NHAI. This includes 11 completed projects—five of which were previously owned by Sadbhav Infrastructure Project Limited—and 15 currently under construction.
The Sponsor has a proven track record in efficient project management and execution, supported by a skilled workforce, optimal equipment utilisation, and an integrated in-house business model. These capabilities have allowed for the completion of projects within or ahead of scheduled timelines. Additionally, the Sponsor's in-house supply chain management ensures timely delivery of key construction materials to sites, maintaining optimal inventory levels for smooth operations.
Beyond the initial portfolio assets, the Trust, through its Investment Manager, has the right to acquire new projects under the Right of First Offer (ROFO) Agreement with the Sponsor.
The Trust's initial portfolio consists of nine assets with a total length of approximately 682.425 kilometres, equating to 2,059 lane kilometres. These assets are situated on national highways spanning seven states in India, catering to both commercial and passenger traffic.
Certain assets within the initial portfolio have been receiving regular semi-annual annuity payments from NHAI since January 6, 2021. As of September 30, 2024, the cumulative annuity payments received amount to Rs 554.46 crore. The residual concession terms for these projects range from 10.09 years to 13.84 years.
The hybrid annuity projects with NHAI provide a natural hedge against adverse interest rate fluctuations. In addition to annuity payments during the operations phase, NHAI pays interest on the reducing balance of 60% of the Bid Project Cost throughout the operational period at a rate that is 3% higher than the Reserve Bank of India’s Bank Rate.

Capital Infra Trust InvIT Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Capital Infra Trust InvIT IPO

Apply asPrice bandApply upto
Regular99 - 100₹2 Lakh
High Networth Individual99 - 100₹2 - 5 Lakh
For Capital Infra Trust InvIT IPO, eligible investors can apply as Regular. Please Note : Applications cancellation is not permitted for this IPO as per the regulations.
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