Capital Infra Trust was incorporated on September 25, 2023. The company is an infrastructure development and construction firm in India with over 15 years of experience, specializing in road and highway projects across 19 states. It works with various government and semi-government bodies, including NHAI, MoRTH, MMRDA, and CPWD
| Bidding Dates |
|---|
| 07 Jan 2025 - 09 Jan 2025 |
| Subscription |
|---|
| 2.8x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,850 | 1 | 13 | 150 | 157.8 M | ₹99 - ₹100 | - | ₹15622.2 M - ₹15780.0 M | RHP DOC |
Capital Infra Trust IPO SUBSCRIPTION STATUS
09 Jan '25Capital Infra Trust IPO overall subscription rate was 2.8 times the total available shares
Capital Infra Trust IPO non-institutional investor subscription rate was 9.15 times in the non-institutional investor category
Capital Infra Trust IPO Qualified Institutional Bidder subscription rate was 0.68 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | - | 25% | 75% |
09 Jan 2025 (Day 3) | - | 9.15x | 0.68x |
08 Jan 2025 (Day 2) | - | 3.02x | 0.03x |
07 Jan 2025 (Day 1) | - | 1.45x | - |
Capital Infra Trust FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| H1FY25 | 1,154.3 | 7,054.6 | 1,134.2 | 1,134.2 |
| FY24 | 1,257.7 | 14,850.9 | 1,116.5 | 1,116.5 |
| FY23 | 4,971.9 | 20,330.9 | -5,087.6 | -5,087.6 |
| FY22 | 1,255.6 | 19,081.5 | -6,666.5 | -6,666.5 |
Capital Infra Trust IPO SUBSCRIPTION STATUS DETAILS
Capital Infra Trust had 157.8 M shares on offer
Capital Infra Trust IPO offer price was in the range ₹99 - ₹100
Capital Infra Trust IPO minimum Investment was ₹14850
Capital Infra Trust IPO issue size was ₹ 15622.2 M - ₹ 15780.0 M
Capital Infra Trust had a minimum lot size of 150 Shares per application
Capital Infra Trust NUMBER OF SHARES ON OFFER
Capital Infra Trust IPO IMPORTANT DATES
| Issue Open Date | 07 Jan 2025 |
| Issue close Date | 09 Jan 2025 |
| Allotment Date | 10 Jan 2025 |
| Refund Date | 13 Jan 2025 |
| Demat Account Credit Date | 13 Jan 2025 |
| Listing Date | 17 Jan 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Capital Infra Trust Allotment Status | Exchange |
Capital Infra Trust IPO subscription opened on 07 Jan 2025, and closed on 09 Jan 2025
IPO allotment for Capital Infra Trust was finalized on Friday, 10 Jan 2025
IPO listing for Capital Infra Trust was on NSE and BSE on Friday, 17 Jan 2025
Capital Infra Trust IPO LISTING GAINS
| Issue Price (adjusted) | 100.0 |
| Listing Open Price | 99.0 |
| Listing Close Price | 99.0 |
| Listing Gain% | -1.0% |
| Current Gain% | -24.1% |
Capital Infra Trust Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Capital Infra Trust | 75.9 | -1.6 | -0.8 | 170.7 | -37.3 | ||||||||
| Knowledge Realty Trust | 117.3 | 52024.4 | 10.5 | 0.9 | 4146.9 | 15.6 | 222.5 | -34.5 | |||||
| Altius Telecom Infrastructure Trust | 171.5 | 44641.4 | 5.6 | 1.1 | 19623.7 | 47 | 839.9 | -25 | |||||
| Embassy Office Parks REIT | 441.3 | 41828.7 | 1.6 | 0.7 | 4675.8 | 11.8 | 338.5 | -79.2 | |||||
| Bagmane Prime Office REIT | 107.4 | 36509.2 | 56.5 | 12.4 | 2390.9 | 6.9 | 896.5 | 10.8 | |||||
| National Highways Infra Trust | 164 | 31764.3 | 2.9 | 1.3 | 4322.2 | 78.9 | 685.5 | 110.9 |
Capital Infra Trust INFORMATION ON IPO ISSUE
About Capital Infra Trust
Capital Infra Trust was incorporated on September 25, 2023. The company is an infrastructure development and construction firm in India with over 15 years of experience, specializing in road and highway projects across 19 states. It works with various government and semi-government bodies, including NHAI, MoRTH, MMRDA, and CPWD
Object of the Issue
- Providing loans to the project SPVs for repayment/pre-payment of external borrowings, in part or in full, from the financial lenders
- Providing loans to the project SPVs for repayment of unsecured loans availed by the project SPVs from the sponsor
Capital Infra Trust - PROMOTERS
| Name |
|---|
| Rakesh Kumar |
| Neeraj Sheoran |
| Bant Singh Singla |
| Satish Chandra |
| Vijayalakshmi R. Iyer |
| Yudhvir Singh Malik |
Capital Infra Trust Book Running Lead Manager
SBI Capital Markets Limited
project3g_fy25@sbicaps.com
HDFC Bank Limited
capitalinfra.ipo@hdfcbank.com
Capital Infra Trust Registrar to the Offer
KFin Technologies Limited
nationalinfra.units@kfintech.com
Capital Infra Trust Strengths
Diversified road asset portfolio
The Initial Portfolio Assets include nine operational HAM assets across seven states in India: Haryana, Rajasthan, Bihar, Uttarakhand, Himachal Pradesh, Madhya Pradesh, and Karnataka. The geographic diversity of these assets is expected to enhance the company’s experience and expertise in evaluating, acquiring, operating, and maintaining new projects
Attractive industry sector
The roads and highways sectors are crucial to India’s economy, with infrastructure development being a government priority. In the Union Budget for FY24, Rs 2.7 trillion has been allocated to MoRTH, marking a 25% increase over the revised estimates for FY23
Growth opportunities
Established sponsors typically have a strong network and access to a pipeline of potential projects or acquisition opportunities in the roads sector. This enables the Trust to strategically expand its portfolio, diversify risk, and capitalize on emerging growth opportunities
Capital Infra Trust Risks
Risk of premature termination
If any of the Initial Portfolio Assets are terminated prematurely, the company may not receive expected payments, which could significantly impact its financial condition
Inability to acquire new revenue-generating assets
Failure to identify and acquire new infrastructure assets that generate similar revenue, profits, or cash flows could negatively affect the company’s business, financial condition, cash flows, operations, and its ability to make distributions
Debt financing and refinancing limitations
The company may encounter limitations and risks related to debt financing, refinancing, and investment restrictions, which could adversely impact operations and the ability to make distributions to unitholders
IPO FAQs
This IPO consists of an offer for sale of up to Rs 501.0 crore, of 50,100,000 shares. It also consists of a fresh issue of Rs 1,077.0 crore.
The promoters of the company are Rakesh Kumar, Neeraj Sheoran, Bant Singh Singla, Satish Chandra, Vijayalakshmi R. Iyer and Yudhvir Singh Malik.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 25.0% and for retail investors it is 0.0%.
The price band of the IPO is Rs 99.0 - 100.0.
The IPO application opens on Jan 07, 2025 and closes on Jan 09, 2025.
The minimum lot size for the IPO is 150. The maximum lot size for the IPO is 1950.
For all category investors, the minimum application amount for this IPO is Rs. 14,850.0, the maximum value for this IPO is Rs 195,000.0.
This IPO will be allotted on Jan 10, 2025.
The refund will be credited to your account on Jan 13, 2025.
The allotted shares will be credited to your demat on Jan 13, 2025.
Capital Infra Trust’s shares listed on the stock exchanges on Jan 17, 2025.