CAPITAL INFRA TRUST INVIT

Price Band

₹ 99 - ₹ 100

Bid Lot

150 Shares

CAPITAL INFRA TRUST INVIT

07-Jan-2025 - 09-Jan-2025

Price Band

₹ 99 - ₹ 100

Minimum Investment

₹ 15000.00

Bid Lot

150 Shares

Shares

157,800,000

  • Face Value -  Rs. 1/- Per Share
  • Lisitng at  NSE BSE
  • 263,000 Application Required in Retail for 1 Time.
  • Registrar :  KFin Technologies Limited

IPO Details

Fresh Issue of Units aggregating upto Rs.1,077 Cr+ Offer for Sale of Units aggregating upto Rs. 501 Cr

HNI 1
75%

(118,350,000 Shares)RS.1183.50 CR

Retail
25%

(39,450,000 Shares)RS.394.50 CR

BRLMs: SBI Capital Markets Ltd, HDFC Bank Ltd

Timeline

  • 07

    Jan-2025

    Open Date

  • 09

    Jan-2025

    Close Date

  • 10

    Jan-2025

    Basis of Allotment Date

  • 13

    Jan-2025

    Initiation of Refunds

  • 13

    Jan-2025

    Credit of Shares to Demat A/C

  • 14

    Jan-2025

    IPO Listing Date

HNI Cost

About Company

  • Capital Infra Trust (Erstwhile National Infrastructure Trust) was established on 25th September 2023 as an irrevocable trust pursuant to the trust deed under the provisions of the Indian Trusts Act, 1882. The Trust is registered as an Indian infrastructure investment trust with SEBI. Capital Infra Trust is an infrastructure investment trust established to acquire, manage and invest in a portfolio of infrastructure assets across sectors and/or securities of companies engaged in the infrastructure sector.
  • The Sponsor Gawar Construction Limited is an infrastructure development and construction company, with 15+ years of experience, engaged in the construction of road and highway projects across 19 states in India, for statutory authorities including National Highway Authority of India (NHAI), Ministry of Road Transport & Highways (MoRTH), Military Engineering Services (MES) and Central Public Works Department (CPWD). The Sponsor has since 2008 undertaken over 100 road construction projects.
  • The Capital Infra Trust will own 9 Initial Portfolio Assets having an aggregate length of ~ 682.425 kms and 2,059 kms lane located on national highways networks across 7 states in India. The projects are located on national highway networks that experience both commercial and passenger vehicular traffic.
  • The Initial Portfolio Assets consist of 9 geographically diversified operational HAM assets located across 7 states of India, namely, Haryana, Rajasthan, Bihar, Uttarakhand, Himachal Pradesh, Madhya Pradesh and Karnataka. The Concession Agreements of the Project SPVs are also temporally diverse and are expected to expire at different times. The residual terms of the operations period range between 10.09 years to 13.84 years.
  • The net distributable cash flows of the Trust (the “Distributable Income”) are based on the cash flows generated by it from the underlying operations undertaken by the Project SPVs. In terms of the SEBI InvIT Regulations, the Project SPVs shall distribute not less than 90% of the net distributable cash flows to the Trust, proportionate to the Trust’s holding in the Project SPVs.
  • As on date the Sponsor of Capital Infra Trust, is currently developing 17 HAM assets consisting of ~ 546.164 km of roads across 11 states in India. Capital Infra Trust’s access to existing ROFO SPVs and future road assets of its Sponsor will be an important source of the Trust’s growth in the future. Further the trust also plans to acquire road assets from third parties.
  • The Trust has received a rating of ‘Provisional CRISIL AAA/Stable (Assigned) ’from Crisil Ratings Limited for the Trust NCD(s) and proposed long term bank loan facility on November 11, 2024.

Strengths

Competitive Strength 

  • Sizeable portfolio of stable revenue generating assets with no construction risk and long-term cash flows
  • Geographically diversified road asset portfolio and revenue base
  • Attractive industry sector with strong underlying fundamentals and favourable government policies
  • Growth opportunities and rights to expand portfolio of assets through acquisition of Sponsor’s portfolio and third- party projects
  • Strong support from the Sponsor, Project Manager and the Investment Manager
  • Skilled and experienced management team with industry experience with a focus on corporate governance
  • Consistent track record of the Project Manager in operating and maintaining projects in the infrastructure sector in India
  • Hedge against adverse interest rate movements

 Business Strategies 

  • Goal to maintain optimum capital structure to maximise distributions to Unitholders
  • Active asset management
  • Expand the portfolio of road assets

Company Promoters

Company Financials

Capital Infra Trust Financial Information (Restated)

Period Ended 30 Sep 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 4,905.26 4,724.07 4,283.33 2,502.8
Revenue 792.27 1,543.51 2,518.92 1,981.42
Profit After Tax 115.43 125.77 497.19 125.56
Amount in ? Crore

Objects of the Issue

The Offer Proceeds will be utilised towards the following objects

  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); and
  2. Providing loans to the Project SPVs for repayment of unsecured loans availed by the Project SPVs from the Sponsor.

How to Apply

Apply for IPO in few simple steps.

  • Step 1

    Once you create your account, Login to Easy Investing.

  • Step 2

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 3

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 4

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 5

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Easy Investing, in just a few clicks your application is processed. You can bid for any IPO through Easy Investing, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on Easy Investing’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

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