Capital Infra Trust InvIT - Day 2 Subscription at 0.16 Times

Capital Infra Trust's initial public offering (InvIT) has continued to receive measured investor interest over the two-day period. The IPO has seen subscription levels adjust from 0.39 times on day one to 0.16 times by 12:15 PM on the second day, reflecting the careful evaluation typical of infrastructure investment offerings.
 

The Capital Infra Trust IPO, which opened on 7th January 2025, has seen participation primarily from Other Investors, reaching 0.36 times subscription, with individual investors and NRIs showing particular interest. Within this category, Individual Investors, NRIs, and HUFs have bid for 1,42,98,150 units, while corporate entities have placed bids for 8,400 units. The trust has already secured strong institutional backing through its anchor book, having raised ₹710.10 crores before the public issue.

This measured response continues as India's first Infrastructure Investment Trust IPO of 2025, with investors carefully evaluating its portfolio of road and highway projects across the country.
 

Subscription Status of Capital Infra Trust InvIT:

*As of 12:15 PM

Here are the subscription details for Capital Infra Trust InvIT as of Day 2 (8th January 2025, 12:15 PM):

Note:
 

"Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
The portions of anchor investors and market maker are not included in the total shares offered.

Capital Infra Trust InvIT IPO - Day 2 Subscription at 5.27 Times

Key Highlights

• Overall subscription at 0.16 times by second day morning
• Other Investors category showing steady interest at 0.36 times
• Strong individual investor participation with 1,42,98,150 units bid
• Anchor portion fully subscribed with ₹710.10 crores raised
• Total issue size remains at ₹1,578 crores
• Market response indicating careful evaluation
• Individual investors forming majority of current bids
• Institutional portion awaiting participation
• Second day reflecting measured approach

Capital Infra Trust InvIT - Day 1 Subscription at 0.39 Times

Key Highlights:

• Overall subscription opened at 0.39 times
• Other Investors segment achieved 0.87 times subscription
• Strong anchor investor foundation established
• Opening day demonstrated initial interest
• Market response showing selective participation
• First day setting baseline momentum
• Individual investors showing early interest
• Infrastructure sector positioning evident
• Measured start for first InvIT IPO of 2025

About Capital Infra Trust 

Established in September 2023, Capital Infra Trust represents a significant entry into India's infrastructure investment landscape as an Infrastructure Investment Trust (InvIT) sponsored by Gawar Construction Limited. The trust has been established to engage in infrastructure investments under SEBI's InvIT regulations, with a primary focus on road and highway projects.

The trust's sponsor, Gawar Construction, brings substantial expertise in road construction, operating across 19 states in India. Their project portfolio encompasses 26 road projects under the hybrid annuity mode (HAM) with NHAI, including 11 completed projects (five acquired from Sadbhav Infrastructure Project Limited) and 15 under-construction projects.

The trust's financial stability is underscored by its 'Provisional CRISIL AAA/Stable' rating received in November 2024 for its NCDs and proposed long-term bank loan facility. Their financial performance shows steady development with revenue of ₹1,543.51 crores in FY2024 and PAT of ₹125.77 crores, while the first half of FY2025 has already generated revenue of ₹792.27 crores with PAT of ₹115.43 crores.

The InvIT structure offers investors exposure to infrastructure assets with potential benefits including dividend distribution, partial redemption, and long-term capital appreciation opportunities.
 

Highlights of the Capital Infra Trust InvIT

• Issue type: Book Built Issue InvIT
• Issue size: ₹1,578.00 crores
• Fresh Issue: ₹1,077.00 crores
• Offer for Sale: ₹501.00 crores
• Price band: ₹99 to ₹100 per unit
• Lot size: 150 units
• Minimum investment for Other Investors: ₹15,000
• Minimum investment for sNII: ₹2,10,000 (14 lots)
• Minimum investment for bNII: ₹10,05,000 (67 lots)
• Listing at: BSE, NSE
• IPO opens: 7th January 2025
• IPO closes: 9th January 2025
• Allotment date: 10th January 2025
• Refund initiation: 13th January 2025
• Credit of units: 13th January 2025
• Listing date: 14th January 2025
• Lead Managers: SBI Capital Markets Limited, HDFC Bank Limited
• Registrar: Kfin Technologies Limited