Description

Capital Infra Trust listing 4.33 crore units at Rs. 79.75 per unit on preferential basis to sponsor, with varying lock-in periods.

Summary

BSE has approved the listing of 4,32,61,000 new units of Capital Infra Trust (Scrip Code: 544338) issued to the sponsor on a preferential basis at Rs. 79.75 per unit. The units will commence trading from November 18, 2025, and rank pari-passu with existing units. The allotment includes varying lock-in periods based on tranches.

Key Points

  • Total units listed: 4,32,61,000 units
  • Issue price: Rs. 79.75 per unit
  • Allotment date: November 13, 2025
  • Trading commencement: November 18, 2025
  • Issued to sponsor on preferential basis for cash consideration
  • Distribution numbers: 275400001 to 318661000
  • ISIN: INE0Z8Z23013
  • Units rank pari-passu with existing units

Regulatory Changes

No regulatory changes introduced by this circular. This is a standard listing notification for new securities.

Compliance Requirements

  • Trading members must note the new units available for trading from November 18, 2025
  • Lock-in restrictions must be observed as per specified tranches
  • No trading permitted for locked-in units until respective lock-in expiry dates

Important Dates

  • Allotment Date: November 13, 2025
  • Trading Commencement: November 18, 2025
  • Lock-in Expiry (Tranche 1): November 30, 2026 (for 3.68 crore units)
  • Lock-in Expiry (Tranche 2): November 30, 2028 (for 64.89 lakh units)

Impact Assessment

Market Impact: Low. This is a preferential allotment to the sponsor rather than a public offering, limiting immediate market supply impact. The lock-in provisions further restrict near-term tradability for the majority of newly issued units.

Liquidity Impact: Minimal immediate impact as 64.89 lakh units (15% of allotment) are locked until 2028 and 3.68 crore units (85% of allotment) are locked until 2026.

Investor Impact: Existing unitholders should note the dilution from the preferential issue, though units rank equally with existing securities. The sponsor’s increased stake may be viewed positively as demonstration of commitment to the trust.

Impact Justification

Routine preferential allotment of units to sponsor with standard lock-in provisions, no market-wide implications