Capital Infra Trust InvIT, sponsored by GCL, will debut on exchanges with units potentially listing at a premium. Focused on infrastructure assets, the IPO funds will repay external borrowings and fund project SPVs. InvIT operates in India’s extensive road network sector.
$20 billion of IPOs per year a new normal for India: JP Morgan
Initial public offerings worth USD 20 billion per annum are the “new normal” for India and will become an annualised run rate over the next