Capital Infra Trust InvIT IPO Anchor Allocation at 45.00%

Capital Infra Trust InvIT IPO received a robust anchor allocation response, with 45.00% of the total IPO size subscribed by anchor investors. Out of the 15,78,00,000 units on offer, anchor investors were allocated 7,10,10,000 units, demonstrating strong institutional confidence. The anchor allocation details were reported to the stock exchanges on January 6, 2025, just ahead of the IPO opening on January 7, 2025.

The book-built issue of ₹1,578.00 crores comprises a fresh issue of 10,77,00,000 units aggregating to ₹1,077.00 crores and an offer for sale of 5,01,00,000 units aggregating to ₹501.00 crores. The price band is set at ₹99 to ₹100 per unit, with a face value of ₹10 per unit.

The anchor allocation process, which took place on January 6, 2025, saw significant participation from institutional investors. The majority of anchor allocations were made at ₹99 per unit, with one investor subscribing at ₹100 per unit, showing strong demand and confidence in the trust's growth potential.

After the anchor allocation, the overall allocation of the Capital Infra Trust InvIT IPO looks as follows:

The lock-in period for anchor investors is a critical aspect of the allocation. For Capital Infra Trust InvIT IPO, the lock-in details are as follows:

• Lock-in Period (50% Units): February 9, 2025
• Lock-in Period (Remaining Units): April 10, 2025
   

Anchor Investors in Capital Infra Trust InvIT IPO

Anchor investors play a pivotal role in IPOs, particularly in book-built issues like the Capital Infra Trust InvIT IPO. These investors are typically large institutional entities such as mutual funds, insurance companies, pension funds, and sovereign wealth funds, who commit a significant portion of the IPO ahead of its public opening. Their involvement brings credibility to the IPO, instills confidence among retail and non-institutional investors, and aids in price discovery.

For Capital Infra Trust InvIT IPO, anchor investors finalized their allocation on January 6, 2025. A total of 7,10,10,000 units, representing 45.00% of the total IPO size, were allocated to anchor investors at ₹99 per unit, the near-upper end of the price band. This allocation signifies strong institutional confidence in the company’s growth potential and validates the pricing of the IPO. The total anchor investment amounted to ₹710.10 crores, highlighting substantial demand even before the public subscription opened.

The anchor book saw participation from 27 institutional investors, with notable allocations including HDFC Life Insurance Company Limited (16.06%), SBI Life Insurance Co. Ltd (14.22%), QUANT Mutual Fund (14.22% across two schemes), NPS Trust through SBI Pension Fund schemes (14.23%), and HDFC Mutual Fund (10.70% across two schemes).

Capital Infra Trust InvIT IPO Key Details:

• IPO Size: ₹1,578.00 crores
• Shares Allocated to Anchors: 7,10,10,000
• Anchor Subscription Percentage: 45.00%
• Listing Date: January 14, 2025
• IPO Opening Date: January 7, 2025

About Capital Infra Trust and How to Apply for Capital Infra Trust InvIT IPO

Established in September 2023, Capital Infra Trust is an infrastructure investment trust sponsored by Gawar Construction Limited. The trust specializes in road and highway infrastructure projects across 19 states in India, working with various government bodies including NHAI, MoRTH, MMRDA, and CPWD.

The trust currently manages a portfolio of 26 road projects on a hybrid annuity mode (HAM) with NHAI, comprising 11 completed projects (including five acquired assets from Sadbhav Infrastructure Project Limited) and 15 under-construction projects. The trust has received a 'Provisional CRISIL AAA/Stable' rating from CRISIL Ratings Limited for its NCD(s) and proposed long-term bank loan facility as of November 11, 2024.