Capacite Infraprojects Share Price

Capacite Infraprojects Ltd

Capacite Infraprojects Limited was initially formed as a Private Limited Company at Mumbai by the name of Capacite Infraprojects Private Limited on August 9, 2012. The company was duly registered with the Registrar of Companies, Maharashtra. Subsequently, the company shifted its status from a private to a public company and formally replaced its name from Capacite Infraprojects Private Limited to Capacite Infraprojects limited and obtained a new Certificate of Incorporation dated March 21, 2014.

Business Operations and Specializations

The firm is a specialist in the construction of super high-rise and high-rise residential, commercial, and institutional buildings, including super-specialty hospitals. It offers turnkey construction services for different types of buildings like:

• Residential complexes
• Multi-level car parks
• Corporate office spaces
• Commercial structures
• Educational, hospitality, and healthcare facilities

Capacite Infraprojects also provides mechanical, electrical, and plumbing (MEP) services, as well as finishing works.

Geographical Presence

The company operates primarily in major metropolitan regions across India, with operations divided into three zones:

• West Zone: Mumbai Metropolitan Region (MMR) and Pune

• North Zone: National Capital Region (NCR) and Patna

• South Zone: Bengaluru, Chennai, Hyderabad, and Kochi

Joint Ventures and Expansion

During the financial year that ended on March 31, 2014, the company formed a special purpose vehicle (SPV) in partnership with Pratibha Pipes and Structural Limited and Yongnam Engineering and Construction (Pte) Limited. The venture, CIPLPPSLYongnam Joint Venture Constructions Private Limited, was incorporated in Mumbai.

Initial Public Offering (IPO)

Capacite Infraprojects raised ₹400 crore in September 2017 through an IPO. The IPO was open for subscription from September 13 to September 15, 2017. On the day the company's shares listed on the Bombay Stock Exchange (BSE) on September 25, 2017, it listed at ₹399 per share, a 59.6% premium to the IPO price of ₹250 per share.

Major Contracts and Projects

• Affordable Housing Project at Panvel (2017): On 6 November 2017, the company bagged a ₹825.01 crore contract (excluding GST) from Arihant Abode Ltd., an Arihant Superstructures Limited subsidiary, for an affordable housing project in Maharashtra's Panvel. The project consisted of civil, structural, finishing, and MEP works for eight residential towers, each of 42 floors.

• BDD Chawls Redevelopment Project (2018): onsortium of Tata Projects Limited and CITIC Construction Co. Ltd., led by Capacite Infraprojects, was awarded a Letter of Acceptance on June 22, 2018, by MHADA for a ₹11,744.26 crore contract. Capacite Infraprojects has a stake of 37.1% in the project worth ₹4,357.12 crore. The project encompasses technical design, infrastructure development, residential and commercial building construction, and regulatory approvals for redevelopment of BDD Chawls at Worli, Mumbai.

• Repeat Orders (2018):  On June 27, 2018, repeat orders were received by the company from Oberoi Realty Group, Wadhwa Group, and Kohinoor CTNL Infrastructure Company Private Limited, totaling ₹851.13 crore.

Corporate Clarifications and Legal Matters

On December 24, 2017, the company issued a statement clarifying that Capacite Infraprojects Limited and Capacite Structure Limited are completely independent entities under different managements. This was in response to media reports regarding CBI actions against officials of NBCC and Capacite Structures Limited.

Credit Rating and Financial Stability

On January 16, 2018, India Ratings and Research (Ind-Ra) upgraded Capacite Infraprojects’ Long-Term Issuer Rating from IND A- to IND A, with a Stable Outlook. The upgrade was attributed to an improvement in the company's liquidity position following its successful ₹4 billion IPO in September 2017. The proceeds from the IPO were intended for working capital requirements and capital asset purchases.

Strategic Developments and Acquisitions

Capacite Infraprojects Limited has continually focused on strengthening its operational capabilities, expanding its technological expertise, and enhancing its market position through strategic acquisitions and structural reorganizations. These initiatives have enabled the company to stay competitive in the fast-evolving construction industry while improving efficiency and project execution.

Merger with CIPLPPSLYongnam Joint Venture Constructions Private Limited

On November 3, 2018, the Board of Directors of Capacite Infraprojects approved a Draft Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013. This scheme involved the merger of its wholly owned subsidiary, CIPLPPSLYongnam Joint Venture Constructions Private Limited, with Capacite Infraprojects Limited.

The merger was strategically aimed at:

• Streamlining operations by consolidating resources and eliminating redundancies.

• Enhancing financial efficiency by integrating financial reporting and management systems.

• Strengthening execution capabilities by leveraging the combined expertise of both entities.

• Simplifying the corporate structure, ensuring better transparency and governance.

By merging the subsidiary, Capacite Infraprojects aimed to improve overall operational efficiency and accelerate growth in high-value infrastructure projects, particularly in large-scale urban developments and metro projects.

Expansion of Formwork Systems Portfolio

In 2019, the company invested heavily in innovative formwork technologies, which reaffirmed its commitment to high-quality and efficient construction processes. Formwork systems refer to temporary or permanent molds through which concrete structures are formed and play a significant part in the construction of high-rise buildings.

To ensure superior speed, safety, and precision in construction, Capacite Infraprojects acquired cutting-edge formwork systems from leading global technology providers, including:

• RMD (Air Deck, Minima): Known for lightweight and high-load-bearing formwork solutions, enhancing flexibility in high-rise and commercial projects.

• DOKA (Dokadek 30, Fremi ECO): Innovative panel formwork systems designed for rapid slab construction, reducing labor costs and cycle time.

• Techno Craft (Techno Deck with Drop Head System): A modular and reusable system that allows quick dismantling and reusability, improving project turnaround time.

• MFE (QD Drop Head System): A quick-decking system that facilitates seamless concrete pouring, particularly useful in large-scale projects.

• ALSINA (Alisply Panels): Highly adaptable wall and column formwork panels that improve structural stability and finishing quality.

Brief Overview

Capacite Infraprojects Limited is now regarded as one of the premier companies in the construction sector with high-rise and super high-rise expertise in India. With extensive penetration in large metropolitan areas, astute joint ventures, a successful initial public offering, and substantial project acquisitions, the company has been steadily growing and strengthening its foothold in the infrastructure industry, benefiting the Capacite Infra share price..