InvIT Rights Issue Advisory Services
Specialized advisory for listed Infrastructure Investment Trusts raising capital through rights offerings.
Unlocking Capital via SEBI‑Compliant Rights Issues for Listed InvITs
A rights issue is a strategic mechanism for listed Infrastructure Investment Trusts (InvITs) to raise additional equity capital from existing unitholders. By offering new units at a predetermined ratio and price, InvITs can fund asset acquisitions, repay debt, or finance expansion projects while allowing existing investors to maintain their proportional stake.
At India IPO, we provide comprehensive InvIT Rights Issue Advisory, covering everything from structuring and pricing to regulatory filings, Rights Entitlement (RE) management and final allotment.
What is an InvIT Rights Issue?
An InvIT rights issue involves the issuance of additional units to existing unitholders as on a specific record date. These units are offered in a fixed proportion to their existing holding, typically at a discount to the current market price. This route is favored for its cost-efficiency and faster execution compared to public issues, making it ideal for funding the acquisition of revenue-generating infrastructure assets.
What is an InvIT Rights Issue?
An InvIT rights issue enables an InvIT to issue new capital by issuing new units to the existing unitholders in proportion to their existing holdings. The mechanism assists sponsors to raise extra capital to buy assets, repay debt, or restructure capital while providing unitholders the first right to keep or grow their investment stake at favorable conditions.
Regulatory Framework & Eligibility
- SEBI (Infrastructure Investment Trusts) Regulations, 2014 (with latest amendments up to 2025)
- SEBI ICDR (Issue of Capital and Disclosure Requirements) Regulations for rights issue process alignment.
Key regulatory highlights:
- Both listed and unlisted InvITs are allowed to issue rights where fast-track approvals are available to eligible publicly listed InvITs.
- Similar requirements are imposed on follow-on offers in terms of minimum public float and disclosure.
- Right issues are moderate in terms of filing fees (0.05% of the size of the issue), which promotes efficient capital raising.
- Rights issues also need thorough compliance checks to prevent defaults, ensure sufficient disclosures and lock-in conditions to sponsor units.
Our InvIT Rights Issue Advisory Services
1. Strategic Structuring & Eligibility Assessment
- Evaluate the benefits of rights issue compared to alternatives (private placements, raising debt, follow-on offers).
- Design optimal quantum of capital raising, pricing plans (typically discounted NAV-based prices) and plans to allocate units.
- Evaluate the effect on the holding of the sponsor, the norms of public float and the expected market reception.
2. Offer Document Drafting & Regulatory Liaison
- Prepare detailed draft offer documents compliant with SEBI requirements, including:
- Financial disclosures (audited and pro forma),
- Asset portfolios and valuation methodologies,
- Sponsor and related-party details,
- Rights ratio, issue price, minimum subscription and timelines.
- Manage SEBI filings, respond to regulatory comments and coordinate with merchant bankers and legal advisors.
3. Investor Communication & Market Execution
- Develop investor outreach programs targeting existing unitholders across institutional, non-institutional and retail segments.
- Guide on application processes via ASBA and UPI for smooth subscription management.
- Make sure that there are transparent allotment practices as per the right entitlements and regulatory norms.
4. Subscription & Allotment Management
- Monitor subscription levels in real time and manage any unsubscribed unit offerings.
- Oversight of timely allocations, refunds, dematerialization processes and liaising with stock exchanges and registrars on listing of additional units.
- Ensure T+3 listing timelines are met to enhance liquidity.
5. Post-Issue Compliance & Governance Support
- Assist in the continuous monitoring of public float requirements and disclosures post-issue.
- Support trustee governance functions of compliance audits, investor complaints and reporting.
- Maintain the standards of distribution (pay out at least 90% of distributable cash flow) and quarterly performance reports.
Benefits of Engaging Our InvIT Rights Issue Advisory
- Regulatory Expertise: To deal with complicated SEBI regulations with care so that approvals and disclosures can be made smoothly.
- Investor Confidence: Robust investor communication and transparent execution protect unitholder interests and market reputation.
- Optimized Capital Raising: Raise the maximum amount possible in terms of pricing and allocation advice to align sponsors and investors.
- Efficient Execution: Mitigate risks with expert coordination across multiple stakeholders, including SEBI, merchant bankers, trustees and registrars.
- Holistic Compliance: End-to-end support from pre-issue planning to post-issue monitoring safeguards trust, governance and legal compliance.
Who Should Seek InvIT Rights Issue Advisory?
- Sponsors & Fund Managers: InvIT sponsors and fund managers aiming to raise additional capital through rights offers.
- Listed & Unlisted InvITs: Listed and unlisted InvITs contemplating expansion, acquisition, or debt servicing while maintaining existing ownership structures.
- Institutional Investors: Institutional investors and trustees seeking assurance on process transparency, compliance and investor protection.
Why Choose India IPO for InvIT Rights Issue Advisory?
India IPO offers deep regulatory expertise, vast experience in capital markets and a network of institutional partners to provide full InvIT rights issue advisory services. We have a personalized service approach that makes your capital raise legally compliant, financially sound and operationally efficient throughout the process.
Get in Touch
Raise capital confidently with an InvIT rights issue customized to SEBI guidelines and today’s investor expectations. Contact India IPO’s InvIT advisory team today for a personalized consultation and let us guide you toward a successful and compliant capital raise.
Understand how IPOs work through our IPO Process guide. Stay updated with upcoming listings in the IPO Calendarand read insights on our IPO Company Reviews — GMP, Subscription Status & Allotment.Explore our blog for IPO guidance.
Ready to Start?
Consult with our experts to understand how our InvIT Rights Issue Advisory Services advisory can accelerate your growth journey.
Contact UsOr Call Us Directly At
+91-74283-37280Benefits of Choosing India IPO
Expert Advisory Team
Our advisors bring extensive experience across capital markets, operating within a strong compliance framework to ensure clarity, accuracy and confidence at every step.
Dedicated Deal Team
A focused team of bankers, legal experts and CAs is assigned to your mandate, ensuring seamless coordination and consistent execution throughout the engagement.
Efficient Execution Timelines
Our structured processes are designed to streamline the regulatory, documentation and execution phases while maintaining the highest quality standards.
Strong Investor Network
Access to a wide network of institutional investors, HNIs and family offices, enabling effective capital raising and strong investor participation.
Pan-India Presence
With teams across major cities, we support clients nationwide, combining local market understanding with centralised expertise.
End-to-End Documentation
We manage the complete documentation process from drafting and filings to regulatory submissions and ongoing compliance support.
Latest News & Updates
Stay updated with daily insights from the Indian capital markets, regulatory circulars, and IPO reviews.
Ready to Unlock Your Company's Full Financial Potential?
Our first consultation is always free. Let our advisors assess your eligibility and explain the roadmap in detail.
Talk to an Expert