Capital Infra Trust, an infrastructure investment trust sponsored by Gawar Construction, announced on Monday that it has successfully raised Rs 703 crore from anchor investors. This announcement comes just a day before the trust’s initial public offering is set to open for public subscription.
The anchor investment round saw participation from a diverse array of investors, including domestic mutual funds and insurance companies. According to details from the BSE’s website, prominent investors like Quant Mutual Fund, HDFC Mutual Fund, and SBI Life Insurance were among those allotted units in this crucial pre-IPO phase.
The Gurugram-based trust allocated 7.10 crore units to 27 entities at Rs 99 per unit, collectively amounting to Rs 702.99 crore. Scheduled for public subscription between January 7 and January 9, the IPO represents a significant step as the first InvIT public offering in 2025. The funds raised will be directed towards project loans, debt repayments, and furthering Gawar Construction’s extensive road project endeavors across India.
(With inputs from agencies.)