Roads InvIT: Shrem Group to raise Rs 600 cr through IPO

09 Apr 2021 CW Staff

Mumbai-based infrastructure development company Shrem Group is planning to raise Rs 600 crore through an initial public offering (IPO) of its Shrem Infrastructure Investment Trust (Shrem InvIT), which will open for subscription this month.

This will be the first InvIT offering with hybrid annuity model (HAM) road projects. Government annuity payments will comprise 85% of the InvIT’s revenues, and the remaining 15% will come from toll collection.

The IPO will be a fresh issue of six crore units of Rs 100 each, and the firm will use the proceeds to pare the debt. The InvIT floated by Shrem Group has an enterprise value of about Rs 7,000 crore. Post the floatation, Shrem will retain about 86% stake in the InvIT.

Shrem had acquired a portfolio of 24 projects from Dilip Buildcon Ltd in 2017 and 2018. These 24 road projects totalling 6,442.35 km are spread across Maharashtra, Madhya Pradesh, Gujarat, Uttar Pradesh, and Karnataka.

Additionally, the Shrem Group is also in the process of raising around Rs 3,400 crore of debt from the State Bank of India to refinance the debt of the road portfolio. The company aims to double its assets under management in three to five years.

Image Source

Also read: NHAI expects to launch first tranche of Rs 5k cr InVit in May

Infrastructure Energy

03 Nov 2025

Bondada Engineering Posts 153 per cent Revenue Growth

Bondada Engineering (BEL), a leading solar EPC and infrastructure company, announced strong financial results for the half-year ending September 30, 2025. The company achieved a 153 per cent increase in consolidated revenue and a 151 per cent rise in profit after tax (PAT) compared to the previous period. Consolidated revenue reached Rs 12.16 billion, with an EBITDA of Rs 1.43 billion and PAT of Rs 925 million. The company’s order book stood at Rs 59.9 billion, ensuring continued growth momentum. The Renewable Energy segment contributed 78% (Rs 9.5 billion) to total revenue, followed by T..

Culture Circle Unveils Insta Ship for India’s Fastest 24-Hour Delivery

Culture Circle, India’s leading hype and luxury fashion app, has unveiled Insta Ship, a groundbreaking 24-hour delivery feature that allows customers to receive their favourite fashion items within a day of placing an order. This marks India’s first-ever 24-hour delivery initiative in the luxury and hype fashion space, setting new standards for speed and customer experience. Insta Ship provides access to a wide range of premium brands such as Nike, Adidas, Yeezy, Jordan, Louis Vuitton, Balenciaga, Dior, and more, allowing fashion-forward consumers to enjoy their exclusive pieces faster th..

Blue Dart Reports Rs 795 mn Profit in Q2FY26 Results

Blue Dart Express has announced its financial results for Q2FY26, posting a profit after tax of Rs 795 million for the quarter ending September 30, 2025. The company’s revenue from operations stood at Rs 15.49 billion. The company continues to strengthen its infrastructure with strategic investments in ground hubs and automation, boosting network scalability, speed, and accuracy. Balfour Manuel, Managing Director, commented, “Our performance highlights the resilience of our business model. We remain optimistic about growth opportunities in India’s logistics sector, supported by rising ..