1.Company Information

Capital Infra Trust is an infrastructure investment trust focusing on road and highway projects across India. It is sponsored by Gawar Construction Limited, an integrated road Engineering, Procurement, and Construction (EPC) company in India. The Trust aims to provide stable revenue generation with long-term cash flows through investment in units, which represent ownership in a portfolio of operational road infrastructure assets. These assets generate revenue through annuities paid by the National Highways Authority of India (NHAI) under the Hybrid Annuity Model (HAM). Gawar Construction Limited, established in 1997, brings over 15 years of experience in road construction project execution, having undertaken over 100 projects since 2008. They primarily operate using EPC and HAM models, working with government companies and departments such as NHAI, the Ministry of Road Transport & Highways, and the Central Public Works Department. Their geographical presence extends across 19 states in India. Capital Infra Trust's initial portfolio comprises nine road projects, referred to as "Initial Portfolio Assets". These projects are strategically located across seven states in India, covering a total length of approximately 682.425 km. Operating under the HAM model, these projects ensure a stable revenue stream from NHAI annuity payments, mitigating construction risk for investors. Detailed information about each project, including concession agreement details, location and geographical coverage, length and number of lanes, and salient features such as bridges and tunnels, is available in the source document. The Trust's primary client is NHAI, highlighting the importance of their relationship for the Trust's financial performance. While the sources don't specifically mention manufacturing facilities, the focus on road construction suggests operations involving construction sites and project-specific facilities rather than centralized manufacturing plants.

2. Strenghts

1) Stable and Long-Term Revenue Generation: The Trust's portfolio consists entirely of operational road projects under the HAM model, eliminating construction risk and providing predictable cash flows through annuity payments from the NHAI. This ensures a stable and long-term revenue stream for investors.
2) Sizeable and Diversified Portfolio: With nine road projects spanning approximately 682.425 km across seven states, the Trust boasts a sizeable and geographically diversified portfolio. This diversification mitigates risks associated with regional economic fluctuations or project-specific challenges, enhancing overall portfolio stability.
3) Experienced Sponsor and Project Manager: Gawar Construction Limited, the Trust's sponsor, brings over 15 years of experience in executing road construction projects. Their proven track record, expertise in EPC and HAM models, and established relationships with government entities provide a solid foundation for the Trust's operations and growth.
4) Strong Client Relationships: The NHAI, being the primary client for the Trust's projects, is a crucial stakeholder. The stable revenue stream from NHAI annuity payments highlights the importance of this relationship. Gawar Construction's longstanding association with government entities further strengthens this aspect.
5) Focus on a High-Growth Sector: Capital Infra Trust operates in the road and highway infrastructure sector, which is a key driver of economic development in India. The government's focus on infrastructure development, coupled with increasing demand for transportation networks, presents significant growth opportunities for the Trust, ensuring its relevance and potential for expansion in the long term.

3. Objects of the Issue

The Offer Proceeds will be utilised towards the following objects
1) Providing loans to the Project SPVs for repayment/pre-payment of external borrowings, in part or in full from the financial lenders (including any accrued interest and prepayment penalty)
2) Providing loans to the Project SPVs for repayment of unsecured loans availed by the Project SPVs from the Sponsor.

4.Capital Infra Trust InvIT Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: nationalinfra.units@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/