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Eyes public listing in 2 years.
Shrem InvIT is an infrastructure investment trust floated by Shrem Infrastructure, which will go for public listing in the next 18-24 months after achieving an asset under management (AUM) of $3 billion, or ₹240 billion. The Mumbai-based InvIT company invests in only hybrid annuity model (HAM) project.
An InvIT is an investment vehicle created by an infrastructure company by transferring its operational assets to it, and investors periodica
The Government focus on infrastructure was evident in last two Union budgets with a lot of optimism in infrastructure theme playing out. The traditional ways of investing in infrastructure theme were buying the stocks of infra developers, infra themed mutual funds or debt instruments issued by government agencies like NHAI. However, in recent times InvITs have also emerged as an interesting investment avenue for investors. An InvIT is an investment vehicle created by a sponsor (an infrastructure company) transferring its operational assets to it, thereby freeing up its own capital for new projects. Investors in InvITs periodically receive a portion of the net distributable surplus (NDS).
Annual revenue projected to grow to ₹2,100 crore
Shrem InvIT said it will add 10 road assets during this fiscal year to grow its annual revenue substantially.
Currently, it earns a revenue of about ₹1,160 crore every year from 24 road assets and post acquisition of the additional assets, the annual revenue is projected to grow to ₹2,100 crore, a top executive said. “We are already working on acquiring 10 more road assets in FY23. These are assets located in in Karnataka, Chhattisgarh, Madhya Pradesh, Jharkhand, Maharashtra, Odisha, and Andhra Pradesh with a total lane kms of 2501 kms,”
This is Dadachanji’s third investment in Shrem InvIT, wherein he bought 9 million units at Rs 114 per unit with a total investment of Rs 102
Group of investors led by Kairus Shavak Dadachanji, Chairman of Dadachanji Group of Companies, on Thursday announced they have bought 15.6 million units of Shrem InvIT with a total investment value of Rs 177 crore.
This is Dadachanji’s third investment in Shrem InvIT, wherein he bought 9 million units at Rs 114 per unit with a total investment of Rs 102 crore. His current stake in Shrem InvIT now stands at over 5 per cent.
A group of high-net-worth investors led by Kairus Shavak Dadachanji, the chairman of Dadachanji Group of Companies, has invested Rs 177 cror
A group of high-net-worth investors led by Kairus Shavak Dadachanji, the chairman of Dadachanji Group of Companies, has invested Rs 177 crore ($21.4 million) in Shrem Infrastructure Investment Trust (InvIT).
