Capital Infra Trust IPO

Our Sponsor is an infrastructure development and construction company in India, with over 15 years of experience, primarily engaged in the construction of road and highway projects across 19 states in India for various government/ semi-government bodies and statutory authorities including NHAI, Ministry of Road Transport & Highways (MoRTH), Mumbai Metropolitan Regional Development Authority (MMRDA) and Central Public Works Department (CPWD). Since 2008, our Sponsor has undertaken more than 100 road construction projects. As on the date of this Offer Document, our Sponsor has a portfolio of 26 road projects on a hybrid annuity mode (HAM) with NHAI, of which 11 are completed projects, including the five acquired assets which were erstwhile owned by Sadbhav Infrastructure Project Limited, and 15 under-construction projects.

Open Demat Account

50years

Capital Infra Trust IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 1,593.94 L₹ 506.06 LTBATBABSE₹ 1578 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
07 Jan, 2509 Jan, 25150 ₹ 14,850 Book Building-InvITs17 Jan, 25

Capital Infra Trust IPO Dates

  • 07 Jan 2025

    Opening date

  • 09 Jan 2025

    Closing date

  • 14 Jan 2025

    Basis of
    Allotment

  • 16 Jan 2025

    Initiation of
    Refunds

  • 15 Jan 2025

    Credit of
    Shares

  • 17 Jan 2025

    Listing date

Details

SectorType
SectorConstruction
Sub SectorNA
Issue TypeBook Building-InvITs

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB0.24x11835000028314300
NII4.29x39450000169109550
Retail0x00
Employee0x00
Total1.24x159393750197423850

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Capital Infra Trust Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations174.87665.08168.08
EBITDA174.87665.08168.08
PAT125.77497.19125.56
Total Assets1,332.321,135.78963.08
Share Capital346.81337.01313.10
Total Borrowings3,078.602,606.691,598.75
Operating Activities (Net Cash)125.77497.19125.56
Investing Activities (Net Cash)0.000.0014.21
Financing Activities (Net Cash)3,078.602,606.691,598.75
Net Cashflow130.7839.1560.22

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Capital Infra Trust

(Registered in the Republic of India as an irrevocable trust set up under the Indian Trusts Act, 1882 on September 25, 2023, pursuant to the Trust Deed read along with Amendment to the Trust Deed dated October 10, 2024 in Gurugram, Haryana, India and registered as an infrastructure investment trust under the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, as amended, (SEBI InvIT Regulations) on March 7, 2024 having registration number IN/INVIT/23-24/00029. Subsequently, the Trust was issued an updated certificate of registration dated October 16, 2024, bearing registration number IN/InvIT/23-24/0029, pursuant to change of name of the Trust from National Infrastructure Trust to Capital Infra Trust in accordance with the SEBI InvIT Regulations.)

Overview of the Indian Economy: Approximately Rs.173.82 lakh crore in Fiscal Year 2024, India's GDP (in absolute terms) against the first revised estimates of GDP for the Fiscal Year 2023 of Rs.160.71 lakh crore. Real GDP has been estimated to grow by 8.2% in FY 2023-24 as compared to the growth rate of 7.0% in FY 2022-23. Nominal GDP has witnessed a growth rate of 9.6% in FY 2023-24 over the growth rate of 14.2% in FY 2022-23. (Source: Press Note on provisional estimates of annual GDP for 2023-24 and quarterly estimates of GDP for Q4 of 2023-24, Ministry of Statistics and Programme Implementation, Government of India). The global economy is continuing growing at a modest pace, according to the OECD's latest Economic Outlook. The Economic Outlook projects steady global GDP growth of 3.1% in 2024, the same as the 3.1% in 2023, followed by a slight pick-up to 3.2% in 2025. Overview of the Infrastructure Sector in India: The infrastructure sector is a key driver of the Indian economy. The sector is highly responsible for propelling India's overall development and enjoys intense focus from the Government for initiating policies that would ensure the time-bound creation of world-class infrastructure in the country. The infrastructure sector includes power, bridges, dams, roads, and urban infrastructure development. In other words, the infrastructure sector acts as a catalyst for India's economic growth as it drives the growth of the allied sectors like townships, housing, built-up infrastructure, and construction development projects. FDI in construction development (townships, housing, built-up infrastructure and construction development projects) and construction (infrastructure) activity sectors stood at US$ 26.61 billion and US$ 33.91 billion, respectively, between Fiscal Years 2001 to Fiscal 2024. In the Fiscal Year 2020, the Government focused on enhancing expenditure in the infrastructure sector and has planned to invest more than Rs. 111 lakh crore in the infrastructure sector in the next five years as part of the National Infrastructure Pipeline (NIP) announced in December 2019 In 2019, the Government of India adopted a forward-looking programmatic approach towards infrastructure. The National Infrastructure Pipeline was born with a projected investment of around Rs. 111 lakh crore for FY20-25 for developing a comprehensive view of infrastructure development in the country. The NIP which had started with 6,835 infrastructure projects has expanded to around 9,000 projects across 35 sub-sectors and covers economic and social infrastructure projects jointly funded by the Central Government, State Governments, and the private sector. (Source: Union Budget 21-22 provided capital outlay of Rs. 5.54 lakh crore, an increase of 34.5% over Budget Estimate of FY 2020-21, to boast economy after COVID-19 pandemic, December 2021, PIB Delhi). Out of the total capital outlay under the NIP, 40% are under implementation, 30% are at a conceptual stage and 20% are under development stage. Road Network in India: India has the second largest road network in the world, spanning a total of 66.71 Lakh km (Source: Year End Review 2023. Ministry of Road Transport and Highways, January 2024, PIB Delhi). This road network primarily comprises national highways, expressways, state highways, major district roads, other district roads and village roads. Road network in India can be classified into the following categories: National Highways constitute the primary system of road transportation in India, which facilitates medium and longdistance inter-city passenger and freight traffic across the country. State Highways constitute the secondary system of road transportation in India, which facilitates the traffic across major centers within the states. District Roads primarily link and provide accessibility within the districts and provide the secondary function of linkage between the highways and rural roads. Rural Roads are a key component of rural development providing accessibility to the villages to meet their social needs as also act as the means to transport agriculture produce from village to nearby markets. Approximately 5,248 km of National Highways (NH) was constructed in 2023-2024 (upto November 2023) (Provisional Figures). The length of the National Highways has increased by more than 60% from 91,287 km in 2014 to around 146,145 km in 2023. As of November 2023, the length of the National Highways is 1,46,145 Km. Pace of construction of NH roads increased from 12.1 km per day in Fiscal Year 2015 to 36.5 km per day in Fiscal Year 2021 and was around 28.6 km per day in Fiscal Year 2022.

Our Sponsor is an infrastructure development and construction company in India, with over 15 years of experience, primarily engaged in the construction of road and highway projects across 19 states in India for various government/ semi-government bodies and statutory authorities including NHAI, Ministry of Road Transport & Highways (MoRTH), Mumbai Metropolitan Regional Development Authority (MMRDA) and Central Public Works Department (CPWD). Since 2008, our Sponsor has undertaken more than 100 road construction projects. As on the date of this Offer Document, our Sponsor has a portfolio of 26 road projects on a hybrid annuity mode (HAM) with NHAI, of which 11 are completed projects, including the five acquired assets which were erstwhile owned by Sadbhav Infrastructure Project Limited, and 15 under-construction projects.

Capital Infra Trust IPO Key Points

Strengths

  • Sizeable portfolio of stable revenue generating assets with no construction risk and long-term cash flows.
  • Geographically diversified road asset portfolio and revenue base.
  • Attractive industry sector with strong underlying fundamentals and favourable government policies.
  • Growth opportunities and rights to expand portfolio of assets through acquisition of Sponsor's portfolio and third party projects.
  • Strong support from our Sponsor, Project Manager and the Investment Manager.

Risk

  • The Trust is a newly settled trust and does not have an established operating history, which will make it difficult to accurately assess our future growth prospects.
  • Consummation of the Formation Transactions pursuant to which we will acquire the Project SPVs are subject to certain conditions.
  • If any of our Initial Portfolio Assets are terminated prematurely, we may not receive payments due to us which may result in a material adverse effect on our financial condition.

Strategy

  • Goal to maintain optimum capital structure to maximise distributions to Unitholders.
  • Active asset management.
  • Expand the portfolio of road assets.
  • Goal to maintain optimum capital structure to maximise distributions to Unitholders.
  • Active asset management.
  • Sizeable portfolio of stable revenue generating assets with no construction risk and long-term cash flows.
  • Geographically diversified road asset portfolio and revenue base.
  • Attractive industry sector with strong underlying fundamentals and favourable government policies.
  • Growth opportunities and rights to expand portfolio of assets through acquisition of Sponsor's portfolio and third party projects.
  • Strong support from our Sponsor, Project Manager and the Investment Manager.

How To Apply for Capital Infra Trust IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Capital Infra Trust's IPO offers shares for up to ₹ 0.01 L It begins on Jan 7, 2025 and ends on Jan 9, 2025.

The price of Capital Infra Trust IPO ranges between ₹99 to ₹100 per share.

The Capital Infra Trust IPO opens on Jan 7, 2025 and closes on Jan 9, 2025.

The allotment for the Capital Infra Trust IPO will be finalised on Jan 14, 2025. The shares will be listed on BSE and NSE on Jan 17, 2025.

The minimum lot size for Capital Infra Trust IPO is 150 shares, priced between ₹99 to ₹100 per share.

The GMP (Grey Market Premium) of Capital Infra Trust IPO fluctuates based on market demand and sentiment.

To check the allotment status of Capital Infra Trust IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Capital Infra Trust IPO is getting listed on the BSE and NSE. Bidding opens on Jan 7, 2025, and closes on Jan 9, 2025. The allotment is finalised on Jan 14, 2025.

To apply for the Capital Infra Trust IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.