New Delhi: Capital Infra Trust IPO opened for subscription on January 7, 2025 (Tuesday). A day before its initial public offering for public subscription, Capital Infra Trust garnered Rs 703 crore from anchor investors. The company is an infrastructure investment trust (InvIT) sponsored by Gawar Construction.
The anchor investors included, Max Life Insurance, Axis MF, Kotak MF, SBI Life Insurance, Baroda BNP Paribas MF, Navi Finserv, ICICI Prudential MF, NPS Trust, Nuvama Wealth, Quant Mutual Fund (MF), HDFC MF, HDFC Life Insurance, and Pico Capital. The exchange showed that the company allotted 7.10 crore units to 27 entities at Rs 99 per unit, aggregating the transaction size to Rs 702.99 crore.
Gurugram-based Capital Infra Trust has set the IPO price band at Rs 99-100 per unit. The public issue is a combination of a fresh issue of units aggregating up to Rs 1,077 crore and an Offer For Sale (OFS) of units valued up to Rs 501 crore. The public issue of Capital Infra Trust is the first InvIT IPO of 2025.
Capital Infra Trust IPO GMP, allotment
The Capital Infra Trust IPO allotment is expected on January 10, 2025 and the unsuccessful bidders are likely to get the refunds from January 13. The shares will be credited to the demat accounts of eligible shareholders on 13th January. The stock will list on BSE and NSE with a tentative date on January 14.
Capital Infra Trust Invit IPO GMP stood at 0 on January 7 morning. With the price band of Rs 100, the shares are estimated to be listed at Rs 100 apiece, investorgain reported
The company informed the Sebi that the IPO proceeds will be used to provide loans to the project Special Purpose Vehicles (SPVs) to clear external borrowings. The funds will also be used to give loans to project SPVs for debt repayment of unsecured loans from the sponsor.
Book-running lead managers: SBI Capital Markets Ltd and HDFC Bank.
KFin Technologies is the registrar to the issue.
Axis Trustee Services has been appointed as the sole trustee of the trust.
(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 IPO opened on 7th January 2025, raising Rs 703 crore from anchor investors before its public subscription. The IPO, priced at Rs 99-Rs 100 per unit, comprises a fresh issue and an offer for sale. Allotment is expected on 10th January, with refunds and demat credit on 13th January, and listing on the 14th. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
