Capital Infra Trust InvIT Made Flat Listing at ₹99 on BSE and NSE

Capital Infra Trust share price made a flat debut on both the exchanges NSE and BSE and listed at ₹99 each against the issue price of ₹99-100 per unit. Backed by Gawar Construction, the infrastructure investment trust (InvIT) raised ₹703 crore from anchor investors.

Gawar Construction, the sponsor, is involved in developing road and highway projects across 19 states in India for various government and semi-government entities, including the Central Public Works Department, Mumbai Metropolitan Regional Development Authority, Ministry of Road Transport and Highways, and NHAI.

Capital Infra Trust InvIT IPO Details

Capital Infra Trust InvIT IPO was closed on Thursday, January 9, and was subscribed 2.80 times overall. The portion for other investors was subscribed 5.08 times, while the institutional investor portion saw a subscription of 93%.

Capital Infra Trust InvIT IPO specifics: The IPO comprises a fresh issuance of units worth ₹1,077 crore and a sale of units up to ₹501 crore by the selling unitholder, Gawar Construction Ltd., totalling ₹1,578 crore.

Use of IPO Proceeds

The company has decided to use the funds raised to provide loans to special purpose vehicles (SPVs) of the project to settle external debts and repay unsecured loans taken from the sponsor.

About Capital Infra Trust

Capital Infra Trust, established in September 2023, is an infrastructure investment trust (InvIT) sponsored by Gawar Construction Limited. The trust was formed to make investments and engage in activities as an InvIT in accordance with SEBI’s InvIT Regulations.

As of December 2024, Gawar Construction’s portfolio includes 26 road projects under the hybrid annuity mode (HAM) with NHAI. Of these, 11 projects have been completed, including five assets previously owned by Sadbhav Infrastructure Projects Limited, while 15 projects are still under construction.

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