Capital Infra Trust InvIT IPO Closed
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Schedule of Capital Infra Trust InvIT
| Issue open date | 07 Jan 2025 |
| Issue close date | 09 Jan 2025 |
| UPI mandate deadline | 09 Jan 2025 (5 PM) |
| Allotment finalization | 15 Jan 2025 |
| Refund initiation | 16 Jan 2025 |
| Share credit | 16 Jan 2025 |
| Listing date | 17 Jan 2025 |
| Mandate end date | 24 Jan 2025 |
| Lock-in end date for anchor investors (50%) | 14 Feb 2025 |
| Lock-in end date for anchor investors (remaining) | 15 Apr 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Capital Infra Trust InvIT
Capital Infra Trust, sponsored by Gawar Construction Limited, focuses on revenue-generating infrastructure projects. Its initial portfolio includes nine operational road assets spanning 682.4 km across seven states, with an average concession life of 11.7 years. Backed by GCL’s proven track record in road construction and early project completion, the Trust also holds acquisition rights for future projects.
Financials of Capital Infra Trust InvIT
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹1578 crores |
| Fresh Issue | ₹1077 crores |
| Offer for sale | ₹501 crores |
Strengths
- Stable, revenue-generating assets with no construction risk and long-term cash flows.
- Diversified road portfolio across multiple geographies and revenue sources.
- Strong sector fundamentals supported by favourable government policies.
- Opportunities to expand through Sponsor’s and third-party project acquisitions.
- Experienced management with a focus on corporate governance.
- NHAI hybrid annuity projects hedge against adverse interest rate risks.
Risks
- Revenues depend on annuity income from NHAI.
- Lack of new assets may affect finances and distributions.
- Poor road maintenance risks penalties or termination.
- ROFO SPV acquisitions involve risks.
- Third-party delays or issues may impact operations.
Allotment Status for Capital Infra Trust InvIT
To check your allotment status – click here.
Subscription Figures for Capital Infra Trust InvIT
Subscription numbers as of 5:00 PM on 09 Jan 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional Investors | 485.35 | 449.06 | 0.93x |
| Other Investors | 398.48 | 2022.83 | 5.08x |
| Individuals Investors / NRI and HUF | – | 1147 | – |
| Total | 883.83 | 2471.89 | 2.80x |