Capital Infra Trust InvIT IPO: The primary market is gearing up for another busy week as major public offerings are opening for subscription, raising a significant amount.
Capital Infra Trust InvIT, the infrastructure investment trust, is planning to raise Rs 1,578 crores via its public offering. The issue will be a combination of fresh shares totaling Rs 1,077 crore alongside an offer for sale (OFS) of Rs 501 crore.
For investors, the subscription period will start today, January 7 (Tuesday) and conclude on January 9 (Thursday). The entity has already raised Rs 710 crore from anchor investors yesterday, January 6 (Monday). As the bidding begins, check out all the key details of the public offering here:
1. GMP of Capital Infra Trust InvIT
Grey Market Premium or GMP has perhaps become one of the most important indicators for people, especially retail investors, to decide whether they should put their money to play in an IPO or not.
GMP indicates the initial trading price of a company's shares in the unofficial market before the entity hits the D-street.
At 10:00 am, the shares of Capital Infra Trust InvIT were trading at a GMP of Rs 0, commanding a negligible premium.
2. Capital Infra Trust InvIT Price Band
The entity's price band is set at Rs 99- Rs 100 per share, with a minimum application lot size of 150 shares. For retail investors, this means a minimum investment of Rs 15,000. Small non-institutional investors (sNIIs) need to invest at least Rs 2,10,000, while for large non-institutional investors (bNIIs), the minimum investment requirement is Rs 10,05,000.
HDFC Bank and SBI Capital Markets are the book-running lead managers of the infrastructure investment trust.
3. Key Dates
While the bidding period will conclude on January 9 (Thursday), the expected date of share allotment, as of now, is January 10 (Friday). The anticipated date of listing on NSE and BSE is next week, January 14 (Tuesday).
For investors who do not receive any allotment, refunds will be initiated on January 13, that is Monday.
4. What is Capital Infra Trust InvIT?
The entity, established in 2023, is a Sebi registered infrastructure investment trust that focuses on highway projects in nearly 19 states for government bodies like the National Highway Authority of India (NHAI) and Ministry of Road Transport and Highways (MoRTH).
During the first half of the current financial year, the entity recorded a profit after tax (PAT) of Rs 115 crore, whereas the revenue stood at Rs 792 crore. As of FY24, the total value of assets under the InvIT stood at Rs 4,724.07 crore.
