Citius Transnet Investment Trust files papers with Sebi for ₹1,340-cr IPO

Citius Transnet Investment Trust is a transport sector-focused infrastructure investment trust established to acquire, manage and invest in a portfolio of transport infrastructure assets in India

Citius Transnet Investment Trust has filed preliminary papers with markets regulator Sebi seeking its approval to float a ₹1,340-crore initial public offering (IPO).

According to the draft papers, the proposed public offer involves units aggregating up to ₹1,340 crore and includes a strategic investor portion capped at 25 per cent of the total issue size.

Proceeds from its fresh issuance worth ₹1,235 crore will be utilised for partial or full acquisition of securities of SRPL and certain identified project SPVs -- TEL, JSEL, Dhola and Dibang, besides a portion will be earmarked for general purposes.

Citius Transnet Investment Trust is a transport sector-focused infrastructure investment trust established with an objective to acquire, manage and invest in a portfolio of transport infrastructure assets, including roads, in India.

The sponsor of the Trust is Epic TransNet Infrastructure, wholly-owned by the schemes of the Infrastructure Yield Trust, an AIF managed by EAAA India Alternatives Limited (EAAA).

The Trust's portfolio assets comprise a total of 3,406.71 lane-kilometres (seven toll assets spanning more than 3,043.22 lane-kilometres, and three annuity assets spanning more than 363.49 lane-kilometres) across nine states.

Financially, its revenue from operations was ₹1,987 crore during FY25 and the net loss was ₹417.7 crore.

Axis Capital, Ambit and ICICI Securities are the book-running lead managers. The units are proposed to be listed on both BSE and NSE.