Capital Infra Trust, previously known as National Infrastructure Trust is an infrastructure investment trust focused on infrastructure projects, particularly national highways in India. It is sponsored by Gawar Construction Limited (GCL /Sponsor), established on September 25, 2023 to carry on the activities of, and to make investments as, an infrastructure investment trust, as permissible under the SEBI InvIT Regulations. They were settled by way of the Trust Deed, by GCL (the Sponsor), and registered as an infrastructure investment trust with SEBI on March 7, 2024 pursuant to the SEBI InvIT Regulations. Capital Infra Trust has changed its name in October, 2024.
The Sponsor is an infrastructure development and construction company in India, with over 15 years of experience, primarily engaged in the construction of road and highway projects across 19 states in India for various government/ semi-government bodies and statutory authorities including NHAI, Ministry of Road Transport & Highways (MoRTH), Mumbai Metropolitan Regional Development Authority (MMRDA) and Central Public Works Department (CPWD). Since 2008, Sponsor has undertaken more than 100 road construction projects. Further, the Sponsor has a portfolio of 26 road projects on a hybrid annuity mode (HAM) with NHAI, of which 11 are completed projects, including the five acquired assets which were erstwhile owned by Sadbhav Infrastructure Project Limited, and 15 under-construction projects. The sponsor specializes in road and highway construction projects across 19 Indian states for various government agencies, including the NHAI, MoRTH, MMRDA, and CPWD.
Investment Manager is Gawar Investment Manager Private Limited, which incorporated in August, 2023. The Trustee, the Investment Manager and the respective Project SPVs have appointed their Sponsor, Gawar Construction Limited, to act as Project Manager for each Project SPV. Axis Trustee Services Limited has been appointed as the sole Trustee of the Trust.
Trust manages a diversified portfolio of Infrastructure assets through Special Purpose Vehicles (SPVs). Their operational highway projects function as independent entities within the InvIT umbrella.
The Trust came up with the initial public offering by raising funds aggregating to Rs 1578 Cr units by issuing an aggregate of 159,393,750 Units, comprising a fresh issue of 108,787,800 Units aggregating to Rs 1078 Crore and 50,605,950 Units aggregating to Rs 500 Crore through the Sponsor Selling Unitholder offering in January, 2025.