Upcoming IPOs: Capital Infra Trust To Open For Public On Jan 7, Find Out Price Band And Other Details

The maiden issue has been priced in the range of Rs 99 to Rs 100. Investors have to bid for a minimum of 150 shares in a lot and in multiples of thereafter.

The IPO comprises a fresh issue of 10.77 crore shares coming up to Rs 1,077 crore, along with an offer-for-sale (OFS) of 5.01 crore share worth Rs 501 crore.

Source : fisdom

Capital Infra Trust is all set to launch its maiden offering for the public on January 7, 2025. The firm, formerly known as National Infrastructure Trust, will open its initial public offering (IPO), marking the first infrastructure investment trust (InvIT) of the year on Tuesday and investors will be able to place bids for the issue till January 9, 2025.

The maiden issue has been priced in the range of Rs 99 to Rs 100. Investors have to bid for a minimum of 150 shares in a lot and in multiples of thereafter. The IPO comprises a fresh issue of 10.77 crore shares coming up to Rs 1,077 crore, along with an offer-for-sale (OFS) of 5.01 crore share worth Rs 501 crore.

The issue is being made via the book-building process, wherein institutional investors will be allocated on a proportionate basis not more than 75 per cent of the offer, and not less than 25 per cent of the listing shall be available for allocation on a proportionate basis to non-institutional investors, reported Livemint.

The net proceeds from the issue are intended to be utilised for providing loans to the Project SPVs to repay or prepay the existing dues, in partial or full, including the accrued interest and any prepayment penalties. Further, the funds raised would also be set aside to provide loans to the Project SPVs to settle the unsecured loans obtained by them from the Sponsor.

The issue’s lead managers include HDFC Bank Limited and SBI Capital Markets Limited. Axis Trustee Services Limited has been named the Trustee of the upcoming issue, while Kfin Technologies will act as the registrar for the offering.

The investment manager for the listing is Gawar Investment Manager Private Limited, while Gawar Construction Limited has been named the sponsor for the same.

Set up in September 2023 by Gawar Construction, the firm works as an infrastructure investment trust. Its main aim is to invest, manage, and acquire nine completed infrastructure assets spanning nearly 682.43 kms which can generate revenue.