Mumbai: Units of Capital Infra Trust InvIT made a debut on the exchange and closed at 98.96 per unit.
The unit listed Rs 99 per share on BSE and NSE. The company’s unit closed at Rs 98.96 per unit on the BSE, and at Rs 98.79 per unit on the NSE.
As per NSE, the total quantity traded stood at 48.11 lakh unit, on BSE the total Quantity stood at 4.99 units. Total Turnover (BSE+NSE) on Day 1 stood at Rs 52.56 crore.
Manish Satnaliwala, CEO, Capital Infra Trust InvIT said “We are immensely grateful to our investors for their trust and confidence in our vision and strategy. This milestone would not have been possible without the unwavering support from each of you, and we are excited to embark on this new journey as a publicly listed company. As we look ahead, we remain committed to creating long-term value, driving innovation, and achieving sustainable growth. Thank you once again for being a part of our journey and sharing in our success.”
The Market Capitalization of the Company at today`s closing price stood at Rs. 2,725.36 Crore as per BSE and Rs. 2,720.68 Crore as per NSE.
Capital Infra Trust (the InvIT), an infrastructure investment trust sponsored by Gawar Construction Limited. Since 2008, the Sponsor had undertaken more than 100 road construction projects. the Sponsor had a portfolio of 26 road projects on a hybrid annuity mode (HAM) with NHAI, of which 11 are completed projects, including the five acquired assets which were erstwhile owned by Sadbhav Infrastructure Project Limited, and 15 under-construction projects. Capital Infra Trust was established with the objective to acquire, manage and invest in portfolio of infrastructure assets in the country. As of September 30, 2024, nine projects, which are owned, operated and maintained by the Project SPVs, comprise the Initial Portfolio Assets consisting of approximately 682.425 km of constructed and operational roads across seven states in India.
The InvIT primarily intend to acquire, manage and invest in the nine completed and revenue generating Initial Portfolio Assets, aggregating to approximately 682.425 kms, operated and maintained pursuant to concessions granted by the NHAI and are owned and operated by the Project SPVs. These roads are located in the states of Haryana, Rajasthan, Bihar, Uttarakhand, Himachal Pradesh, Madhya Pradesh and Karnataka. The Initial Portfolio of Assets has a weighted average residual concession life of 11.7 years as of September 30, 2024. In addition to the Initial Portfolio Assets, the Trust, through the Investment Manager, will also have the right to acquire new projects through a right of first offer with the Sponsor in accordance with the Right of First Offer Agreement (ROFO Agreement).
Lead Managers for the Issue are SBI Capital Markets Limited, HDFC Bank Limited. Registrar to the Issue is KFin Technologies Limited. Axis Trustee Services Limited has been appointed as the Trustee of the InvIT. Gawar Investment Manager Private Limited has been appointed as the Investment Manager, and Gawar Construction Limited has been appointed as the Sponsor.