Capital Infra Trust InvIT: Price Band, Lot Size, Financials & Review
Capital Infra Trust InvIT listed on BSE & NSE on Tue, 14 Jan 2025.
- Open Date
- 7 Jan 2025
- Close Date
- 9 Jan 2025
Last updated
- Price band
- ₹99 – ₹100
- Lot size
- 150 shares
- Min. investment
- ₹15,000
- Issue size
- ₹1,578 Cr
Capital Infra Trust InvIT details
Capital Infra Trust InvIT is a ₹1,578 Cr book-building IPO on the Mainboard segment, listing on BSE & NSE. It combines a fresh issue of ₹1,077 Cr (68.25%) with an offer for sale of ₹501 Cr (31.75%) by existing shareholders. Only the fresh issue money goes to the company.
The issue was open from Tue, 7 Jan 2025 to Thu, 9 Jan 2025. Allotment was finalised on Fri, 10 Jan 2025, and the shares listed on BSE & NSE on Tue, 14 Jan 2025.
The price band is ₹99 to ₹100 per share and the lot size is 150 shares, so the minimum retail application is ₹15,000. Retail investors can apply for up to 13 lots (1,950 shares, ₹1,95,000).
KFin Technologies Limited is the registrar, and HDFC Bank Limited and SBI Capital Markets Limited are the book running lead managers.
Capital Infra Trust InvIT lot size
| 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 |
Amounts at the upper end of the price band.
Issue structure and valuation
It combines a fresh issue of ₹1,077 Cr (68.25%) with an offer for sale of ₹501 Cr (31.75%) by existing shareholders. Only the fresh issue money goes to the company.
P/E is not meaningful here because earnings per share is zero or negative.
| EPS (pre-issue) Latest earnings per share before the issue | ₹0 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | — |
| EPS (post-issue) EPS on the enlarged share capital | ₹0 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | — |
| Promoter holding (pre-issue) | 0.00% |
| Promoter holding (post-issue) | 0.00% |
Capital Infra Trust financials
Between 31 Mar 2023 and 31 Mar 2024, Income fell from ₹2,518.92 Cr to ₹1,543.51 Cr, and profit after tax fell from ₹497.19 Cr to ₹125.77 Cr. The PAT margin for 31 Mar 2024 was 8.15%.
| Period ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 4,905.26 | 4,724.07 | 4,283.33 | 2,502.80 |
| Total Income | 792.27 | 1,543.51 | 2,518.92 | 1,981.42 |
| Profit After Tax | 115.43 | 125.77 | 497.19 | 125.56 |
₹ in crore, as stated in the prospectus.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Providing loans to the Project SPVs for repayment/pre-payment of external borrowings, in part or in full from the financial lenders (including any accrued interest and prepayment penalty) |
| 2 | Providing loans to the Project SPVs for repayment of unsecured loans availed by the Project SPVs from the Sponsor. |
About Capital Infra Trust
Capital Infra Trust, formerly known as National Infrastructure Trust, is an infrastructure investment trust established on September 25, 2023, by Gawar Construction Limited (GCL) as its sponsor. It is registered with SEBI under the SEBI InvIT Regulations, with the aim of managing infrastructure investments.
GCL is an experienced infrastructure development company in India, specializing in road and highway projects across 19 states for government bodies like NHAI and MoRTH. Since 2008, GCL has completed over 100 road projects and currently manages 26 road projects under a hybrid annuity model (HAM) with NHAI.
The Trust primarily focuses on acquiring, managing, and investing in nine completed, revenue-generating road assets with a total length of about 682.425 km across several states. These assets are operated under NHAI concessions, with a weighted average residual concession life of 11.7 years as of September 30, 2024. The Trust also has the right to acquire additional projects through a Right of First Offer Agreement with its sponsor.
Capital Infra Trust's revenue comes from interest income on financial assets receivable from NHAI, road operations, maintenance, and construction services. As of September 2024, the revenue from its Initial Portfolio Assets amounted to ₹7,054.55 million for the six-month period ending September 30, 2024.
The Trust is managed by Gawar Investment Manager Private Limited, which leverages the expertise of its board and key personnel, with over 30 years of collective experience. The Sponsor, GCL, also acts as the Project Manager for the Project SPVs, overseeing operations and maintenance in line with the terms of NHAI concessions.
Axis Trustee Services Limited serves as the sole Trustee for Capital Infra Trust.
Contact details
Capital Infra Trust
Unit No. 1401-1403, 14th Floor
Tower B, SAS Tower, Medicity
Sector-38, Gurugram 122001, Haryana
Phone: +0124 4920139
Email: compliance@capitalinfratrust.com
Website: https://www.capitalinfratrust.com/
Capital Infra Trust InvIT FAQs
- What is the Capital Infra Trust InvIT price band?
- The Capital Infra Trust InvIT price band is ₹99 to ₹100 per share.
- What is the Capital Infra Trust InvIT lot size and minimum investment?
- The Capital Infra Trust InvIT lot size is 150 shares. The minimum retail investment is ₹15,000 for one lot at the upper price band. Retail investors can apply for up to 13 lots (1,950 shares), costing ₹1,95,000.
- When was Capital Infra Trust InvIT open for subscription?
- Capital Infra Trust InvIT was open for subscription from Tue, 7 Jan 2025 to Thu, 9 Jan 2025.
- What is the Capital Infra Trust InvIT allotment date?
- The Capital Infra Trust InvIT basis of allotment was finalised on Fri, 10 Jan 2025. You can check your allotment status on the KFin Technologies Limited website.
- What is the Capital Infra Trust InvIT listing date?
- Capital Infra Trust InvIT listed on BSE & NSE on Tue, 14 Jan 2025.
- Is the Capital Infra Trust InvIT a fresh issue or an offer for sale?
- It combines a fresh issue of ₹1,077 Cr (68.25%) with an offer for sale of ₹501 Cr (31.75%) by existing shareholders. Only the fresh issue money goes to the company.
- Who are the registrar and lead managers of the Capital Infra Trust InvIT?
- The registrar for the Capital Infra Trust InvIT is KFin Technologies Limited, and the book running lead managers are HDFC Bank Limited and SBI Capital Markets Limited.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.