Capital Infra Trust InvIT is coming up with an IPO consisting of a fresh issue of shares worth INR 1,077 crores and an offer to sell existing shares worth INR 501 crores. The company aims to provide loans to Project SPVs for repayment of secured loans from financial lenders and unsecured loans from sponsors.
Capital Infra Trust InvIT IPO – Important Dates
| Capital Infra Trust InvIT Limited IPO Date | January 7, 2025 to January 9, 2025 |
| Capital Infra Trust InvIT Limited IPO Listing Date | January 14, 2025 |
| Capital Infra Trust InvIT Limited IPO Price | INR 99-100 per share |
| Capital Infra Trust InvIT Limited IPO Lot Size | 150 Shares |
| Capital Infra Trust InvIT Limited IPO Total Issue Size | INR 1,578 crores |
| Capital Infra Trust InvIT Limited IPO Basis of Allotment | January 10, 2025 |
| Capital Infra Trust InvIT Limited IPO Initiation of Refunds | January 13, 2025 |
| Capital Infra Trust InvIT Limited IPO Credit of Shares to Demat | January 13, 2025 |
| Capital Infra Trust InvIT Limited IPO Issue Type | Book Built Issue InvIT |
| Capital Infra Trust InvIT Limited IPO Listing At | BSE NSE |
Read more about Capital Infra Trust IPO GMP
Capital Infra Trust IPO – Company Profile
Capital Infra Trust (erstwhile National Infrastructure Trust) is an infrastructure investment trust sponsored by Gawar Construction Limited, established on September 25, 2023, to carry on the activities of, and to make investments as, an infrastructure investment trust as permissible under the SEBI InvIT Regulations.
The trust primarily intends to acquire, manage and invest in the nine completed and revenue-generating Initial Portfolio Assets, aggregating to approximately 682.425 kms, operated and maintained under concessions granted by the NHAI and are owned and operated by the Project SPVs. These roads are located in the states of Haryana, Rajasthan, Bihar, Uttarakhand, Himachal Pradesh, Madhya Pradesh and Karnataka.
Capital Infra InvIT IPO Fundamental Analysis
While equity growth and expense management are positives, the steep decline in revenue and profitability, coupled with high financial leverage, necessitates caution.
1. Revenue: The significant drop in revenue from FY2023 to FY2024 and the lower H1 FY2025 figure indicate challenges in sustaining growth or market demand.
2. Equity and Liability: Equity growth reflects a strong capital base, likely supported by retained earnings or infusions. Liabilities grew consistently, contributing to higher leverage. While the debt-equity ratio slightly improved in H1 FY2025, the overall high debt-equity ratio indicates significant financial leverage and dependency on borrowed funds.
3. Profitability: Profitability has dropped significantly, with FY2024 and H1 FY2025 profits being much lower than FY2023 levels, reflecting potential margin pressures or external factors.
4. Asset Management: Steady asset growth indicates continued investments in the business, signalling long-term operational goals.
Capital Infra Trust InvIT IPO Financial Analysis
| Particular | As of 31 March 2023 | As of 31 March 2024 | As of 30 September 2024 |
| Revenue (₹ in millions) | 20,330.90 | 14,850.91 | 7,054.55 |
| Equity (₹ in millions) | 9,835.26 | 11,190.07 | 12,344.33 |
| Expenses (₹ in millions) | 18,538.40 | 13,686.40 | 6,359.65 |
| Profit and Loss After Tax (₹ in millions) | 4,971.89 | 1,257.67 | 1,154.26 |
| Total Assets (in millions) | 42,833.30 | 47,240.66 | 49,052.63 |
| Total Liabilities (in millions) | 32,998.04 | 36,050.59 | 36,708.30 |
| Debt Equity Ratio (in times) | 2.67 | 2.74 | 2.53 |
Capital Infra InvIT IPO Objective
Capital Infra InvIT plans to provide loans to Project SPVs for repayment or prepayment of external borrowings, including interest and penalties, and for clearing unsecured loans availed by Project SPVs from the Sponsor.
- Providing loans to the Project SPVs for repayment/pre-payment of external borrowings in part or in full from financial lenders (including any accrued interest and prepayment penalty).
- Providing loans to the Project SPVs for repayment of unsecured loans availed by the Project SPVs from the Sponsor.
Capital Infra Trust InvIT IPO Risks And Challenges
Capital Infra Trust’s lack of operating history, reliance on NHAI annuities, challenges in acquiring comparable assets, and ongoing legal proceedings could negatively impact its business, financial condition, cash flows, and distribution capabilities.
- The Trust is a newly settled trust and does not have an established operating history, which will make it difficult to assess future growth prospects accurately.
- The revenues from the Initial Portfolio Assets are dependent on receiving consistent annuity income and interest on annuity income from NHAI.
- The failure and inability to identify and acquire new infrastructure assets that generate comparable revenue, profits or cash flows may have an adverse effect on the business, financial condition, cash flows and results of operations and the ability to make distributions.
- Certain of the Project SPVs, the Sponsor and the Trustee are involved in certain legal and other proceedings, which may not be decided in the InvIT’s favour.
Capital Infra InvIT IPO – Industry & Market Potential
India’s overall development enjoys intense focus from the government in initiating policies that would ensure the time-bound creation of world-class infrastructure in the country. The infrastructure sector includes power, bridges, dams, roads, and urban infrastructure development. In other words, the infrastructure sector acts as a catalyst for India’s economic growth as it drives the growth of the allied sectors like townships, housing, built-up infrastructure, and construction development projects.
India’s road network has grown 59% to become the second largest in the world in the last ten years. India has nearly 66.71 lakh km of total road network, and the National Highways network alone stood at 146,145 km in CY 2023. India had a total of 97,830 km of national highways in 2014-15, which expanded to 146,145 km by December 2023.
Capital Infra Trust IPO – Type of Offer
Capital Infra Trust InvIT is launching an IPO with a fresh issue of shares worth INR 1,077 crores and an offer for sale of INR 501 crores. The proceeds will be utilised to provide loans to Project SPVs for repayment of secured loans from financial lenders and unsecured loans from sponsors.
Capital Infra Trust InvIT IPO Offer Size
The offer size for Capital Infra Trust InvIT’s IPO includes a fresh issue of shares worth INR 1,077 crores and an offer for sale of INR 501 crores. The funds will be used to provide loans to Project SPVs for repayment of secured loans from financial lenders and unsecured loans from sponsors.
Capital Infra Trust IPO Allotment Structure
Capital Infra Trust InvIT’s allocation will be as follows: 75% for Institutional Buyers (QIB) and 25% for Non-Institutional Investors (NII), according to SEBI regulations.
● Institutional Buyers (QIB): As per SEBI regulations, 75% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 25% of the shares will be reserved for Non-Institutional Investors.
How to apply for the Capital Infra Trust InvIT IPO?
To apply for the Capital Infra Trust InvIT Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Capital Infra Trust InvIT Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Capital Infra Trust InvIT Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Capital Infra Trust InvIT IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Capital Infra Trust InvIT Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Capital Infra Trust InvIT Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Capital Infra Trust InvIT Limited IPO:
● Registrar’s Website: Visit the website of KFin Technologies Limited, the registrar of the Capital Infra Trust InvIT Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) National Stock Exchange (NSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Capital Infra Trust InvIT Ltd IPO Offer Registrar
The registrar for the Capital Infra Trust InvIT Limited IPO is KFin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
KFin Technologies Limited,
Selenium Tower-B, Plot No. 31 and 32 Financial
District Nanakramguda, Serilingampally
Hyderabad 500 032 Telangana, India
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Capital Infra Trust InvIT IPO – FAQs
1. What is the allotment date of the Capital Infra Trust InvIT IPO?
The allotment date of the Capital Infra Trust InvIT is January 10, 2025.
2. What is the price band of the Capital Infra Trust InvIT IPO?
The price band of the issue is INR 99 to 100 per share.
3. What is the size of the Capital Infra Trust InvIT IPO?
The offer size for Capital Infra Trust InvIT’s IPO includes a fresh issue of shares worth INR 1,077 crores and an offer for sale of INR 501 crores. The funds will be used to provide loans to Project SPVs for repayment of secured loans from financial lenders and unsecured loans from sponsors.
4. What is the listing date of the Capital Infra Trust InvIT IPO?
The listing date of the Capital Infra Trust InvIT is January 14, 2025.
5. Where is the Capital Infra Trust InvIT IPO Getting Listed?
Capital Infra Trust InvIT is getting listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
6. What are the open and close dates of the Capital Infra Trust InvIT IPO?
The open and close dates of Capital Infra Trust InvIT are January 7, 2025, and January 9, 2025, respectively.
7. How to apply for Capital Infra Trust InvIT and Manufacturing Ltd IPO in Alice Blue?
To apply for the Capital Infra Trust InvIT Limited IPO via Alice Blue, open a Demat and trading account, check IPO details, place your bid within the price band, submit the application, and later check the allotment status. Allotment depends on IPO demand.
8. Who are the Book Runners for the Capital Infra Trust InvIT IPO?
The Book Runners for Capital Infra Trust InvIT are SBI Capital Markets Limited and HDFC Bank Limited.
