Capital Infra Trust InvIT IPO receives 2.8 times subscription on last day

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Capital Infra Trust InvIT IPO receives 2.8 times subscription on last day - Business Standard

Quick Summary:

The initial public offer of Capital Infra Trust, an infrastructure investment trust (InvIT), received 2.80 times subscription on the final day of bidding on Thursday.

The company's IPO is a combination of a fresh issue of units aggregating up to Rs 1,077 crore and an offer for sale (OFS) of units valued up to Rs 501 crore by the sponsor selling unitholder Gawar Construction Ltd.

Capital Infra Trust, sponsored by Gawar Construction, has garnered Rs 703 crore from anchor investors.