Shrem Infra Invest Private Limited
NNSE:SHREMINVIT102.00
INR
0.00
(0.00%)
ISIN
INE0GTI23014
Return %
Stock
S&P 500
1Y
0.74
14.20
3Y
-10.53
81.12
5Y
2.00
68.34
Capital Structure
INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- Sector
- Miscellaneous
- Industry
- Investment trusts
- Address
- Mumbai India
- IPO Date
- Sep 22, 2021
- Website
- shreminvit.com
- Similar Companies
- Business
- Shrem Infra Invest Private Limited (SHREMINVIT.NS) serves as the sponsor of Shrem InvIT, an Infrastructure Investment Trust registered with SEBI on February 4, 2021, focused on investing in infrastructure project special purpose vehicles (SPVs), infrastructure projects, and securities of Indian companies in the infrastructure sector; its core activities encompass infrastructure development, particularly road projects under hybrid annuity model (HAM), annuity, annuity-plus-toll, and toll frameworks. The company holds a substantial stake in Shrem InvIT—approximately 40.23% directly, with affiliated entities Shrem Enterprises Private Limited and Shrem Investment Private Limited bringing the combined group holding to 61.81% as of September 30, 2024—enabling receipt of quarterly distributions from the InvIT's net distributable cash flows derived from operational road assets. Shrem InvIT's portfolio includes 37 operational road assets aggregating over 11,741 lane kilometers across nine states in India, namely Madhya Pradesh, Uttar Pradesh, Gujarat, Maharashtra, Karnataka, Andhra Pradesh, Jharkhand, Odisha, and Chhattisgarh, operated and maintained through SPVs such as Shrem Roadways Private Limited, Shrem Infraventure Private Limited, and Shrem Tollways Private Limited pursuant to concession agreements. Originally incorporated on March 21, 2014, as Flying-Colours Construction Private Limited, the company underwent multiple name changes, including to Shrem Life Care Private Limited in 2015, Shrem Infra Structure Private Limited in 2018, and its current name, Shrem Infra Invest Private Limited, on September 29, 2023; it is headquartered at 1101, Viraj Towers, Junction of Andheri Kurla Road and Western Express Highway, Andheri (East), Mumbai, 400093, India. The broader Shrem Group, founded in 2010 by Nitan Chhatwal and based in Mumbai, diversifies across hospitality, healthcare, real estate, infrastructure, and finance sectors, including ongoing construction of a Fairmont-brand hotel in Mumbai in partnership with Accor Hotels. Recent developments include Shrem InvIT's acquisition of 10 NHAI HAM assets from Dilip Buildcon Limited (DBL) in FY24 and H1FY25, expanding the portfolio from an initial 24 assets; in the current fiscal (as of November 2024), the InvIT announced and partially executed the acquisition of five additional NHAI HAM projects (three completed, two under process) from Apco Infratech Private Limited and Chetak Enterprise Limited, targeting a diversified portfolio of 39 projects comprising 20 NHAI and one MoRTH HAM projects, 10 state annuity-plus-toll projects, six state annuity projects, and two toll projects. To support these expansions, Shrem Infra Invest subscribed to an additional 1.78 crore InvIT units worth approximately ₹198 crore using a mix of debt and internal accruals, while maintaining moderate consolidated debt of around ₹556 crore across group entities as of August 31, 2024, backed by a master escrow agreement for cash flow prioritization and debt servicing. Operationally, the InvIT shifted O&M and major maintenance for the new acquisitions to Shrem Roadways Private Limited under Shrem Road Projects Private Limited's supervision, reducing prior dependency on DBL as the single contractor, alongside plans for major maintenance reserves on 13 NHAI HAM assets.