Unit No. 1401-1403, 14th Floor,
Tower B, SAS Tower,
Medicity, Sector-38-Gurugram-122001
Phone: +0124 4920139
Email: compliance@capitalinfratrust.com
Website: https://www.capitalinfratrust.com/
Last updated on 09-Jan-2025 20:56:32
| Subscription Details (No. of Shares) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 47340000 | 37906200 | 0.8 |
| Other Investors | 39450000 | 202283400 | 5.13 |
| Total | 86790000 | 240189600 | 2.77 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 473.4 | 379.06 | 0.8 |
| Other Investors | 394.5 | 2022.83 | 5.13 |
| Total | 867.9 | 2401.9 | 2.77 |
Invit Details
| Total Issue Size | 15,78,00,000 shares (aggregating up to 1,578.00 Cr) |
| Fresh Issue | 10,77,00,000 shares (aggregating up to 1,077.00 Cr) |
| Offer for Sale | 5,01,00,000 shares of (aggregating up to 501.00 Cr) |
| Issue Type | Book Built Issue InvIT |
| Listing At | BSE, NSE |
Invit Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 75% of the Offer |
| NII (HNI) Shares Offered | Not less than 25% of the Offer |
Financial Details In Crores
| Period Ended | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 4,905 | 4,724 | 4,283 | 2,503 |
| Revenue | 792 | 1,544 | 2,519 | 1,981 |
| Profit After Tax | 115 | 126 | 497 | 126 |
About Company
Established in September 2023, Capital Infra Trust is an infrastructure investment trust sponsored by Gawar Construction Limited, specializing in road and highway construction projects across 19 states in India for government entities like NHAI, MoRTH, MMRDA, and CPWD. As of December 2024, the sponsor's portfolio includes 26 road projects under the hybrid annuity mode (HAM) with NHAI, comprising 11 completed projects—five of which were acquired from Sadbhav Infrastructure Project Limited—and 15 under construction. The Trust holds a Provisional CRISIL AAA/Stable rating for its NCDs and proposed long-term bank loan facility, reflecting its robust credit profile.
Strength
Stable Revenue-Generating Assets: A sizeable portfolio of completed projects ensures steady cash flows with no construction risk.
Geographically Diversified Portfolio: Road assets and revenue streams spread across 19 states, reducing regional dependency.
Favorable Industry Environment: Operating in a sector with strong fundamentals supported by government policies and infrastructure development initiatives.
Weakness
Lack of Operating History: As a newly established trust, assessing future growth prospects is challenging.
Conditional Formation Transactions: Acquiring Project SPVs depends on meeting specific conditions, posing a risk of delays or non-consummation.
Premature Asset Termination: Early termination of Initial Portfolio Assets could lead to payment losses, adversely impacting financial stability.