The IPO valuation looks aggressive since the company is approaching the primary market in the initial stage of operations where capital expenditure (capex) is higher to build capacities while the benefit in terms of higher cash flows and profit will flow in subsequent years. Given these factors, the issue looks more suitable for long-term investors with a high risk appetite.
Capital Infra Trust sets price band at Rs 99-100 per unit; IPO to open next week
Capital Infra Trust, sponsored by Gawar Construction Ltd, sets a price band of Rs 99-100 per unit for its Rs 1,578-crore IPO opening on January
January 3, 2025