About
Capital Infra Trust, sponsored by Gawar Construction Limited, focuses on revenue-generating infrastructure projects. Its initial portfolio includes nine operational road assets spanning 682.4 km across seven states, with an average concession life of 11.7 years. Backed by GCL’s proven track record in road construction and early project completion, the Trust also holds acquisition rights for future projects.
Issue size
| Funds Raised in the IPO |
Amount |
| Overall |
₹1578 crores |
| Fresh Issue |
₹1077 crores |
| Offer for sale |
₹501 crores |
Financials
| Financial Year Ended |
March 2022 |
March 2023 |
March 2024 |
September 2024 |
| Total Assets |
2502.8 |
4283.33 |
4724.07 |
4905.26 |
| Revenue |
1981.42 |
2518.92 |
1543.51 |
792.27 |
| Profit After Tax |
125.56 |
497.19 |
125.77 |
115.43 |
Strengths
- Stable, revenue-generating assets with no construction risk and long-term cash flows.
- Diversified road portfolio across multiple geographies and revenue sources.
- Strong sector fundamentals supported by favorable government policies.
- Opportunities to expand through Sponsor’s and third-party project acquisitions.
- Experienced management with a focus on corporate governance.
- NHAI hybrid annuity projects hedge against adverse interest rate risks.
Risks
- Revenues depend on annuity income from NHAI.
- Lack of new assets may affect finances and distributions.
- Poor road maintenance risks penalties or termination.
- ROFO SPV acquisitions involve risks.
- Third-party delays or issues may impact operations.
Allotment Status for Capital Infra Trust InvIT
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IPO schedule
| Issue open date |
2025-01-07 |
| Issue close date |
2025-01-09 |
| UPI mandate deadline |
2025-01-09 (5 PM) |
| Allotment finalization |
2025-01-10 |
| Refund initiation |
2025-01-13 |
| Share credit |
2025-01-13 |
| Listing date |
2025-01-14 |
| Mandate end date |
2025-01-24 |
| Lock-in end date for anchor investors (50%) |
2025-02-09 |
| Lock-in end date for anchor investors (remaining) |
2025-04-10 |
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