Intelligent Supply Chain Infrastructure Trust has informed the Exchange regarding Annual Full Valuation report for assets for FY ended 2024-25
Awaiting price reaction for this filing.
Intelligent Supply Chain Infrastructure Trust (sponsored by Reliance Retail Ventures) has submitted its annual full valuation report for the year ended March 31, 2025, prepared by BDO Valuation Advisory LLP as required under SEBI InvIT regulations. The enterprise value of its sole asset (ISCIMPL, the SPV) has been assessed at ₹5,181.2 crore, or ₹5,644 crore after adjusting for IND AS lease asset treatment. After deducting trust loans (valued at ₹3,049.2 crore and ₹2,122 crore), lease liabilities, stamp duty provisions and other adjustments, the equity value stands at ₹47.6 crore. The SPV operates 68 warehouses across 30+ cities totalling 13.2 million sq ft of warehousing space. The valuation used the DCF method on a going-concern basis. This is a routine annual compliance filing with no negative disclosures.
This is a mandatory annual valuation disclosure with no material adverse signals. Investors get visibility into the underlying asset value of the InvIT; the equity value of ₹47.6 crore is small relative to the enterprise value because the SPV is heavily leveraged through trust loans of over ₹5,050 crore.