Here’s a summary of the article about Capital Infra Trust IPO:
Key Points:
- IPO Opened: The Capital Infra Trust IPO opened for public subscription on January 7, 2025.
- Issue Size: The issue is for 75% of the offer reserved for qualified institutional buyers and 25% for non-institutional investors (high-net-worth individuals).
- Lot Size: The IPO shares are being sold in lots of 150 shares, with a minimum investment requirement of ₹2,10,000 for small non-institutional investors (sNII) and ₹10,05,000 for big non-institutional investors (bNII).
- Objective: The proceeds from the fresh issuance of shares will be used to provide loans to project special purpose vehicles (SPVs) to clear external borrowings and repay unsecured loans from the sponsor.
- Allotment and Listing: The allotment is expected to be finalized on January 10, 2025, and the shares are likely to be credited to demat accounts on January 13, 2025. The listing is expected to take place on January 14, 2025, on BSE and NSE.
- Registrar and Book-Running Managers: Kfin Technologies is the registrar for the issue, while SBI Capital Markets and HDFC Bank are the book-running lead managers.
About the Company:
- Infrastructure Investment Trust: Capital Infra Trust operates as an infrastructure investment trust under the sponsorship of Gawar Construction.
- Established in 2023: The trust was established in September 2023 to function as an InvIT and pursue investments aligned with SEBI InvIT Regulations.
- Portfolio Assets: The trust intends to acquire, manage, and invest in nine completed, revenue-generating initial portfolio assets (IPAs) covering a total of 682.42 km.
Gawar Construction:
- Road and Highway Construction: Gawar Construction specializes in road and highway construction across 19 states, catering to government, semi-government, and statutory bodies.
- Key Clients: The company’s key clients include the Ministry of Road Transport and Highways (MoRTH), the National Highways Authority of India (NHAI), the Central Public Works Department (CPWD), and the Mumbai Metropolitan Regional Development Authority (MMRDA).
- Successful Projects: Since 2008, Gawar Construction has successfully executed over 100 road construction projects.