look news india
The Initial Public Offer (IPO) of Capital Infra Trust (InvIT) is going to open on January 7, in which investors will be able to invest their money till January 9. The price band of this IPO has been fixed at Rs 99 to Rs 100 per unit. This infrastructure investment trust, sponsored by Gawar Construction Limited, submitted its offer document on December 27, 2024, in which the total amount has been kept at Rs 1,578 crore.
IPO details
The units are proposed to be listed on BSE and NSE, with BSE being the designated stock exchange for the issue. The issue is being offered through a book building process. In this, it is mandatory to allocate more than 75 percent for institutional investors and less than 25 percent for non-institutional investors. The InvIT has received a rating of ‘Provisional CRISIL AAA/Stable (Assigned)’ from CRISIL Ratings Ltd on December 31, 2024.
use of net proceeds
The funds raised from the IPO will be used to provide credit for repayment/prepayment of outstanding loans (which include accrued interest and prepayment penalties) of the Project SPVS and for repayment of unsecured loans taken by the Project SPVS from the Sponsor.