New Delhi: Capital Infra Trust Invit IPO is all set to open for subscription on January 7, 2025 and close on 10th January. The infrastructure investment trust sponsored by Gawar Construction Ltd fixed the price band at Rs 99-100 per unit for its Rs 1,578-crore initial public offering (IPO). The Grey Market Premium (GMP) of the IPO is yet to be available.
Capital Infra Trust IPO is a book-built issue of Rs 1,077 crore and an offer for sale (OFS) of units valued up to Rs 501 crore by the sponsor selling unitholder. The public offer price band is set at Rs 99 to 100 per share. The retail investors are required to bid for a minimum lot of Rs 150, for which the minimum amount of investment required by retail investors is Rs 15,000. The investors applying in the minimum lot size investment for Non-Institutional Investors category is 14 lots and for bNII, it is 67 lots.
Capital Infra Trust Invit IPO allotment, listing dates
Capital Infra Trust Invit IPO allotment is expected on January 10, 2025
The process to initiate refunds likely to take place on January 13
The shares are expected to be credited to the demat accounts of the eligible shareholders on January 13, 2025
The stock will list on BSE and NSE with a tentative date January 14.
In its papers filed with the Securities and Exchange Board of India (SEBI), the proceeds from the IPO will be utilised by the company towards providing loans to the project special purpose vehicles (SPVs) for repayment/pre-payment of external borrowings, in part or in full, from the financial lenders and loans to the project SPVs for repayment of unsecured loans availed by the project SPVs from the sponsor.
The book running lead managers of the Capital Infra Trust Invit IPO are SBI Capital Markets Limited and HDFC Bank. Kfin Technologies Limited is the registrar for the issue.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Capital Infra Trust’s Rs 1,578 crore IPO opens on January 7th and closes January 10th, 2025, with a price band of Rs 99-100 per unit. The book-built issue includes an offer for sale and aims to repay project SPV borrowings. Allotment is expected on January 17 and listing on BSE and NSE tentatively on January 18. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
