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

Resources

29 May 2026

KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers (KBL) has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve operational efficiency, remote monitoring and installation flexibility. The system was inaugurated by Ms Madhuritai Misal, Hon. Minister of State for Urban Development, Government of Maharashtra.The Smart Skid Mounted Fire Pump Set is a factory-tested, pre-packaged solution that combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. Designed to deliver a flow rate of 170 m³/hr at a head of 100 metres, the system aims to provide..

Senior Living Shifts Beyond Retirement Housing

Senior living in India is increasingly being positioned as a lifestyle-driven housing segment rather than conventional retirement accommodation. Across projects in Bengaluru, Pune and the NCR, developers are focusing on wellness ecosystems, assisted independence and active ageing, reflecting changing perceptions of later life among urban affluent buyers.The shift is being driven by financially secure seniors seeking socially engaged and professionally managed communities instead of ageing in large family homes. Developers are also moving away from standalone retirement campuses, particularly i..

Antica Ceramica Launches Heritage-Inspired Terracotta Tiles

Antica Ceramica has launched a new terracotta tile collection inspired by India’s architectural heritage and designed for contemporary interiors and exteriors. The range combines handcrafted aesthetics with modern functionality, bringing warmth, texture and cultural character to residential and hospitality spaces.Drawing inspiration from traditional courtyards, verandahs and heritage homes, the collection features terracotta tones, handcrafted motifs and customisable patterns aimed at transforming flooring and surfaces into design elements. The launch reflects growing demand for natural mate..