Capital Infra Trust InvIT - Day 3 Subscription at 0.25 Times

resr 5paisa Capital Ltd

Last Updated: 9th January 2025 - 03:21 pm

3 min read

Capital Infra Trust's initial public offering (InvIT IPO) has witnessed moderate interest over the three-day period. The IPO demonstrated steady growth in demand, with subscription rates progressing from 0.39 times on day one, to 0.78 times on day two, and reaching 0.25 times by the final day. This represents India's first Infrastructure Investment Trust IPO of 2025.
 

The Capital Infra Trust IPO, opened on 7th January 2025 and has seen varied participation across categories. The Other Investors segment (including retail, NRI, and HUF) has shown moderate interest, reaching 0.56 times subscription, while the Institutional Investors segment stands at a nominal subscription level.

This measured response comes as the infrastructure investment trust sector continues to evolve in the Indian market. Being listed on both BSE and NSE, the issue aims to provide investors with exposure to infrastructure assets, particularly in the road and highway sector.
 

Subscription Status of Capital Infra Trust InvIT:

Date Institutional Other Investors Total
Day 1 (Jan 7) 0.00 0.87 0.39
Day 2 (Jan 8) 0.04 1.67 0.78
Day 3 (Jan 9)* 0.00 0.56 0.25

*As of final day

Here are the subscription details for Capital Infra Trust InvIT as of Day 3:

Investor Category Subscription (times) Shares Offered Shares bid for
Institutional Investors 0.00 4,85,35,200 2,100
- Others - - 2,100
Other Investors 0.56 3,98,48,550 2,21,78,550
- Individual Investors/NRI/HUF - - 2,21,40,750
- Others - - 37,800
Total 0.25 8,83,83,750 2,21,80,650

 

Note:
 

The subscription data reflects the demand across different investor categories
The issue size includes both fresh issue and offer for sale components

Capital Infra Trust InvIT IPO - Day 3

Key Highlights

  • Overall subscription reached 0.25 times on the final day
  • Other Investors showing moderate response at 0.56 times subscription
  • Institutional Investors segment seeing limited participation
  • Total bids received for 2,21,80,650 units
  • Individual investors showing primary interest
  • Market response indicating measured demand
  • Final day demonstrating selective investor interest
  • Individual investors emerging as key participants

 

Capital Infra Trust InvIT - Day 2 Subscription at 0.78 Times

Key Highlights

  • Overall subscription grew to 0.78 times
  • Other Investors showed improvement to 1.67 times
  • Institutional segment saw minimal participation
  • Day two witnessed moderate momentum
  • Market response indicating selective interest
  • Subscription trend showing gradual progress
  • Individual investor participation continued
  • Other investors segment leading subscription

 

Capital Infra Trust InvIT - Day 1 Subscription at 0.39 Times

Key Highlights:

  • Overall subscription opened at 0.39 times
  • Other Investors began at 0.87 times
  • Institutional segment awaiting participation
  • Opening day demonstrated modest response
  • Market showing selective interest
  • Initial momentum indicating careful approach
  • Day one subscription meeting expectations
  • Individual investor interest visible

 

About Capital Infra Trust 

Established in September 2023, Capital Infra Trust represents a significant entry into India's infrastructure investment landscape as an Infrastructure Investment Trust (InvIT) sponsored by Gawar Construction Limited. The trust has been established to engage in infrastructure investments under SEBI's InvIT regulations, with a primary focus on road and highway projects.

The trust's sponsor, Gawar Construction, brings substantial expertise in road construction, operating across 19 states in India. Their project portfolio encompasses 26 road projects under the hybrid annuity mode (HAM) with NHAI, including 11 completed projects (five acquired from Sadbhav Infrastructure Project Limited) and 15 under-construction projects.

The trust's financial stability is underscored by its 'Provisional CRISIL AAA/Stable' rating received in November 2024 for its NCDs and proposed long-term bank loan facility. Their financial performance shows steady development with revenue of ₹1,543.51 crores in FY2024 and PAT of ₹125.77 crores, while the first half of FY2025 has already generated revenue of ₹792.27 crores with PAT of ₹115.43 crores.

The InvIT structure offers investors exposure to infrastructure assets with potential benefits including dividend distribution, partial redemption, and long-term capital appreciation opportunities.
 

Highlights of the Capital Infra Trust InvIT

  • Issue type: Book Built Issue InvIT
  • Issue size: ₹1,578.00 crores
  • Fresh Issue: ₹1,077.00 crores
  • Offer for Sale: ₹501.00 crores
  • Price band: ₹99 to ₹100 per unit
  • Lot size: 150 units
  • Minimum investment for Other Investors: ₹15,000
  • Minimum investment for sNII: ₹2,10,000 (14 lots)
  • Minimum investment for bNII: ₹10,05,000 (67 lots)
  • Listing at: BSE, NSE
  • IPO opens: 7th January 2025
  • IPO closes: 9th January 2025
  • Allotment date: 10th January 2025
  • Refund initiation: 13th January 2025
  • Credit of units: 13th January 2025
  • Listing date: 14th January 2025
  • Lead Managers: SBI Capital Markets Limited, HDFC Bank Limited
  • Registrar: Kfin Technologies Limited

 

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Krishca Strapping Solutions Limited

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  • Date Range 23 Oct- 27 Oct’23
  • Price 23
  • IPO Size 200