Capital Infra Trust InvIT IPO: Comprehensive Overview
The Capital Infra Trust InvIT IPO is scheduled to open on January 7, 2025, and close on January 9, 2025. This IPO is a Book Built Issue, aiming to raise ₹1,578 crores, which includes a fresh issue of ₹1,077 crores and an offer for sale of equity shares. The IPO will list on BSE and NSE on January 14, 2025.
Key IPO Details
| Aspect | Details |
|---|---|
| IPO Open Date | January 7, 2025 |
| IPO Close Date | January 9, 2025 |
| Face Value | To be announced |
| IPO Price Band | To be announced |
| Issue Size | ₹1,578 crores |
| Fresh Issue | ₹1,077 crores |
| Offer for Sale | To be announced |
| Listing Platforms | BSE and NSE |
| Retail Investor Quota | 0% |
| QIB Quota | 75% |
| HNI Quota | 25% |
Market Lot Details
Details regarding the minimum market lot and corresponding amounts are yet to be disclosed. Retail investors are not eligible to participate, as the quota is allocated entirely to QIB (75%) and HNI (25%) categories.
Important Dates
| Event | Date |
|---|---|
| IPO Open Date | January 7, 2025 |
| IPO Close Date | January 9, 2025 |
| Allotment Finalization | January 10, 2025 |
| Refunds Initiation | January 13, 2025 |
| Credit to Demat | January 13, 2025 |
| IPO Listing Date | January 14, 2025 |
Company Overview
The Capital Infra Trust is an Infrastructure Investment Trust (InvIT) that focuses on infrastructure development and operational assets. InvITs are designed to provide stable returns to investors through predictable cash flows from infrastructure projects, such as toll roads, power transmission assets, and renewable energy projects.
The funds raised through this IPO will primarily be used for:
- Providing loans to Project SPVs to repay external borrowings.
- Repayment of unsecured loans availed by the SPVs from sponsors.
Financial Performance
The company has seen a decline in revenue and profitability over the last year:
- 2024 Revenue: ₹1,543.51 crores (down from ₹2,518.92 crores in 2023).
- 2024 Profit After Tax: ₹125.77 crores (down from ₹497.19 crores in 2023).
| Year | Revenue (₹ Cr.) | Expense (₹ Cr.) | Profit After Tax (₹ Cr.) | Assets (₹ Cr.) |
|---|---|---|---|---|
| 2022 | 1,981.42 | 1,813.34 | 125.56 | 2,502.80 |
| 2023 | 2,518.92 | 1,853.84 | 497.19 | 4,283.33 |
| 2024 | 1,543.51 | 1,368.64 | 125.77 | 4,724.07 |
| Sep 2024 | 792.27 | 635.97 | 115.43 | 4,905.26 |
Objects of the Issue
The IPO proceeds will be allocated towards:
- Providing loans to Project SPVs for repayment or pre-payment of external borrowings (including accrued interest and prepayment penalties).
- Repayment of unsecured loans availed by Project SPVs from sponsors.
Registrar and Lead Managers
Registrar: KFin Technologies Limited
- Phone: 040-6716-2222, 040-7961-1000
- Email: nationalinfra.units@kfintech.com
- Website: KFinTech IPO Status
Lead Managers:
- SBI Capital Markets Limited
- HDFC Bank Limited
Company Contact Information
Capital Infra Trust
Address: Unit No. 1401-1403, 14th Floor, Tower B, SAS Tower,
Medicity, Sector-38, Gurugram-122001
Phone: +0124 4920139
Email: compliance@capitalinfratrust.com
Website: Capital Infra Trust
Investment Potential
The Capital Infra Trust InvIT IPO offers an opportunity for long-term institutional and high-net-worth investors seeking exposure to infrastructure-backed assets. However, the decline in revenue and profitability in 2024 compared to the previous year warrants a cautious review of the company’s financials and future growth prospects.
Summary of Capital Infra Trust InvIT IPO
The Capital Infra Trust InvIT IPO is set to open on January 7, 2025, and close on January 9, 2025. This Book Built Issue aims to raise ₹1,578 crores, including a fresh issue of ₹1,077 crores and an offer for sale of equity shares. The IPO will list on BSE and NSE on January 14, 2025.
Key Highlights
- Issue Size: ₹1,578 crores.
- Fresh Issue: ₹1,077 crores.
- Price Band: To be announced.
- Investor Quotas:
- QIB: 75%.
- HNI: 25%.
- Retail: 0%.
- Listing Date: January 14, 2025.
Financial Overview
The company’s financials indicate a decline in revenue and profits for FY2024:
- 2024 Revenue: ₹1,543.51 crores (down from ₹2,518.92 crores in 2023).
- 2024 Profit After Tax: ₹125.77 crores (down from ₹497.19 crores in 2023).
| Year | Revenue (₹ Cr.) | Profit After Tax (₹ Cr.) |
|---|---|---|
| 2022 | 1,981.42 | 125.56 |
| 2023 | 2,518.92 | 497.19 |
| 2024 | 1,543.51 | 125.77 |
Objects of the Issue
The funds raised will be used for:
- Repayment of external borrowings and unsecured loans by Project SPVs.
- Funding operational and capital needs of Project SPVs.
Investment Potential
The IPO offers institutional and HNI investors an opportunity to invest in a portfolio of infrastructure assets with predictable cash flows. However, the decline in financial performance raises concerns, making it essential for investors to carefully analyze the company’s fundamentals and market outlook before applying.