The initial public offering (IPO) of Capital Infra Trust InvIT, a construction and infrastructure investment trust sponsored by Gawar Construction, successfully closed on January 9, 2025. As the bidding period has now ended, investors are awaiting the finalization of the IPO allotment, with the allotment expected to be completed today, January 10, 2025. The company is set to credit the units to the successful applicants’ demat accounts by January 13, and refunds will also be processed on the same day.

IPO Details

The Capital Infra Trust InvIT IPO opened for subscription from January 7 to January 9, 2025, offering units in a price band of Rs 99 to Rs 100 per unit. The public issue was a combination of a fresh issue and an offer for sale. The fresh issue consisted of 10.77 crore units valued at Rs 1,077 crore, while the offer-for-sale portion included 5.01 crore units worth Rs 501 crore. In total, the company raised Rs 1,578 crore through the issue.

Despite market volatility, the IPO received a strong response, with total subscriptions reaching 2.80 times the total number of units on offer. As per the data from the National Stock Exchange (NSE), the issue saw bids for 24.71 crore units against the 8.83 crore units on offer. This indicates strong investor interest in the infrastructure sector, particularly for Capital Infra Trust, which is set to list its units on both the Bombay Stock Exchange (BSE) and NSE.

Subscription Breakdown

The Capital Infra Trust InvIT IPO attracted healthy subscriptions across various investor categories, reflecting the wide interest in infrastructure and investment trusts. Qualified institutional buyers (QIBs) and non-institutional investors (NIIs) demonstrated strong interest, though detailed breakdowns for each category have not yet been disclosed.

How to Check Allotment Status?

Once the allotment process is complete, investors can check their status online through the BSE and NSE websites, or directly through the official portal of the IPO registrar, Kfin Technologies.

Via BSE Website:

Visit the BSE allotment status page via this link.
Select ‘Capital Infra Trust Limited’ from the Issue Name dropdown menu.
Enter either your Application Number or PAN.
Verify by ticking the “I am not a robot” checkbox and click “Search.”
Your IPO allotment status will be displayed on the screen.

Via Kfin Technologies Website:

Visit the Kfin Technologies IPO allotment page at this link.
Choose ‘Capital Infra Trust Limited’ in the Select IPO dropdown menu.
Select either Application Number, Demat Account, or PAN from the available options.
Enter the required details and input the Captcha code.
Click “Submit” to check your allotment status.

Listing Procedure

The allotment status will be confirmed and shared with investors, who can then expect the units to be credited to their demat accounts by January 13. Refunds will also be processed on the same day for those who are not allotted units. The Capital Infra Trust InvIT IPO is slated for listing on both the BSE and NSE on January 14, 2025.

About Capital Infra Trust

Capital Infra Trust InvIT is an infrastructure investment trust that focuses on owning and operating infrastructure assets. Sponsored by Gawar Construction, the trust aims to offer investors a stable income stream backed by infrastructure assets such as roads, bridges, and other key infrastructure projects. InvITs are becoming increasingly popular as an investment vehicle due to their potential to provide regular income through distributions from the assets they hold.

The funds raised through this IPO will enable Capital Infra Trust to further strengthen its infrastructure portfolio and expand its operational capabilities.

Lead Managers

SBI Capital Markets and HDFC Bank are serving as the book-running lead managers for the Capital Infra Trust InvIT IPO, bringing their expertise to the issue. Kfin Technologies has been appointed as the registrar for the IPO, responsible for handling the allotment process.