Capital Infra Trust InvIT units to be listed today. Check GMP and other details
Capital Infra Trust InvIT, which floated an IPO and received subscription of just over 2 times, will debut on the exchanges on Friday. Ahead of the listing, the company's shares have no GMP in the grey market.
This is because InvIT units typically are not actively traded in the grey market like any IPO shares of the companies. InvITs are typically structured as investment vehicles focused on infrastructure assets like roads, transmission lines, or renewable energy projects.
So, there is every chance that the units may list at a premium to the issue price of Rs 99-100 apiece.
Funds from the Capital Infra Trust InvIT IPO will be used for providing loans to the project SPVs for repayment of external borrowings, in part or in full, from the financial lenders and providing loans to the project SPVs for repayment of unsecured loans and general corporate purposes.
Capital Infra Trust InvIT is sponsored by GCL, which specializes in road and highway projects, primarily catering to government and semi-government entities.
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