Capital Infra Trust InvIT IPO subscribed 6% on Day 1 so far. Check subscription, key dates, price band and review

The initial public offer (IPO) of Capital Infra Trust InvIT opened for subscription earlier today and was subscribed by just 6% so far on the first day of the bidding process.

The issue attracted demand from only the individual investors by 11:30 am today, who had subscribed to the issue by 13%, bidding for 52,64,250 shares out of the 3,98,48,550 shares reserved for them.

The company plans to raise about Rs 1,578 crore by offering its units in the public offer. The net proceeds are proposed to be utilized towards providing loans to the project SPVs for repayment of outstanding loans, providing loans to the project SPVs for repayment of unsecured loans availed by the project SPVs from the Sponsor.

Capital Infra Trust InvIT IPO GMP

The shares of Capital Infra Trust InvIT had no grey market premium (GMP) in the unlisted market.

Check Capital Infra Trust InvIT IPO price band

Capital Infra Trust InvIT has priced the IPO in the range of Rs 99-100 per unit. About 75% of the issue will be available for allocation on a proportionate basis to institutional investors, and 25% will be available for non-institutional investors.

Capital Infra Trust InvIT IPO review

Analysts advised investors to subscribe to the issue as the scheme is worth for well-informed investors for long term rewards.

"The offer consists of fresh units and offer for sale, with an overall size of Rs 1578 cr. It offers dividend distribution, partial redemption and capital appreciation in the long run," said Bajaj Broking.

Other details

Established in September 2023, Capital Infra Trust is an infrastructure investment trust sponsored by Gawar Construction. The InvIT was established to engage in activities and make investments as an infrastructure investment trust, as allowed under the Sebi InvIT regulations.

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The sponsoring company specializes in constructing road and highway projects across 19 states in India for various government bodies, including the NHAI, MoRTH, MMRDA, and CPWD.

As of December 2024, the sponsor company's portfolio of 26 road projects on a hybrid annuity mode (HAM) with NHAI, of which 11 are completed projects, including the five acquired assets which Sadbhav Infrastructure Project erstwhile owned, and 15 under construction projects.

On the financial performance front, for the last three fiscals, the company has (on a special purpose combined basis) posted a total income of Rs 1981 crore, Rs 2518 crore and Rs 1543.51 crore, respectively. For the first half of FY25, it earned a net profit of Rs 115.43 crore on a total income of Rs 792.27 crore.

Lead managers for the issue are SBI Capital Markets and HDFC Bank.

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