Synopsis
Capital Infra Trust InvIT’s IPO opened with a mild response, being subscribed by only 6% on its first day, aiming to raise Rs 1,578 crore. Priced between Rs 99-100 per unit, the IPO targets institutional and non-institutional investors for loan repayment and financial revitalization. Analysts recommend subscribing for long-term gains. ETMarkets.com Capital Infra Trust IPO: The net proceeds are proposed to be utilized towards providing loans to the project SPVs for repayment of outstanding loans, providing loans to the project SPVs for repayment of unsecured loans availed by the project SPVs from the Sponsor. The initial public offer (IPO) of Capital Infra Trust InvIT opened for subscription earlier today and was subscribed by just 6% so far on the first day of the bidding process.
The issue attracted demand from only the individual investors by 11:30 am today, who had subscribed to the issue by 13%, bidding for 52,64,250 shares out of the 3,98,48,550 shares reserved for them.
The company plans to raise about Rs 1,578 crore by offering its units in the public offer. The net proceeds are proposed to be utilized towards providing loans to the project SPVs for repayment of outstanding loans, providing loans to the project SPVs for repayment of unsecured loans availed by the project SPVs from the Sponsor.
Capital Infra Trust InvIT IPO GMP
The shares of Capital Infra Trust InvIT had no grey market premium (GMP) in the unlisted market.
Check Capital Infra Trust InvIT IPO price band
Capital Infra Trust InvIT has priced the IPO in the range of Rs 99-100 per unit. About 75% of the issue will be available for allocation on a proportionate basis to institutional investors, and 25% will be available for non-institutional investors.
Capital Infra Trust InvIT IPO review
Analysts advised investors to subscribe to the issue as the scheme is worth for well-informed investors for long term rewards.
“The offer consists of fresh units and offer for sale, with an overall size of Rs 1578 cr. It offers dividend distribution, partial redemption and capital appreciation in the long run,” said Bajaj Broking.
Other details
Established in September 2023, Capital Infra Trust is an infrastructure investment trust sponsored by Gawar Construction. The InvIT was established to engage in activities and make investments as an
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