Capital Infra Trust, an infrastructure investment trust (InvIT) sponsored by Gawar Construction Limited, recently concluded its Initial Public Offering (IPO). Here are the key details:
IPO Details:
- Issue Period: January 6 to January 8, 2025.
- Issue Size: ₹1,578 crore, comprising a fresh issue of ₹1,077 crore and an offer for sale (OFS) of ₹501 crore.
- Price Band: ₹99 to ₹100 per unit.
- Lot Size: 150 units, requiring a minimum investment of ₹15,000.
- Listing Date: Scheduled for January 14, 2025, on both BSE and NSE.
Subscription Details:
The IPO received a strong response, being oversubscribed 2.8 times. The breakdown is as follows:
- Institutional Investors: Subscribed 0.93 times.
- Non-Institutional Investors: Subscribed 5.08 times
Allotment and Listing:
- Allotment Finalization: January 10, 2025.
- Initiation of Refunds: January 13, 2025.
- Units Credited to Demat Accounts: By January 13, 2025.
- Listing Date: January 14, 2025.
Company Overview:
Established in September 2023, Capital Infra Trust is an infrastructure investment trust sponsored by Gawar Construction Limited. The InvIT was formed to engage in infrastructure investment activities in accordance with SEBI InvIT Regulations. Gawar Construction specializes in road and highway construction projects across 19 states in India, partnering with various government entities such as NHAI, MoRTH, MMRDA, and CPWD.
For more detailed information, you may refer to the official prospectus and financial reports of Capital Infra Trust.