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Citius TransNet Investment Trust recorded a positive market debut, with its units closing over 6% above the issue price of INR 100 on both BSE and NSE. The InvIT, which raised INR 1,105 crore through its initial public offering, saw strong investor interest with a subscription of 20.43 times. Units settled at around INR 106 on listing day, taking its market valuation to INR 6,477.59 crore. The proceeds will be utilised to acquire stakes in multiple road infrastructure assets and for general corporate purposes, reflecting continued investor appetite for infrastructure-backed investment vehicles.
Citius TransNet Investment Trust made its stock market debut in the past week with its units listing at a premium to the issue price, reflecting strong investor response to the transport-focused infrastructure investment trust (InvIT). Advertisement
The units were listed at INR 104.50 on the BSE, marking a 4.5% increase over the issue price of INR 100 per unit. During the trading session, the units rose further to an intra-day high of INR 107.13, before settling at INR 106.19, registering a gain of 6.19% over the issue price.
On the NSE, the units debuted at INR 104.60, reflecting a 4.6% premium. By the close of trading, they ended at INR 106.23, up 6.23%. Following the listing, the InvIT’s market capitalisation stood at INR 6,477.59 crore.
The initial public offering, which raised INR 1,105 crore, witnessed strong demand from investors. The issue was subscribed 20.43 times on the final day of bidding in the past week, indicating robust interest in infrastructure-backed investment platforms.
The price band for the offering was set between INR 99 and INR 100 per unit. Proceeds from the issue are earmarked for the partial or full acquisition of securities in SRPL Roads Pvt Ltd and several project-specific entities, including Thrissur Expressway Ltd, Jorabat Shillong Expressway Ltd, Dhola Infra Projects Pvt Ltd, and Dibang Infra Projects Pvt Ltd. A portion of the funds will also be allocated towards general corporate purposes.
Citius TransNet Investment Trust has been established with a focus on acquiring and managing transport infrastructure assets, particularly road projects across India. InvITs, as an asset class, provide investors with exposure to income-generating infrastructure assets, offering a structure that enables participation in long-term infrastructure development.
The listing performance reflects continued investor interest in infrastructure-focused investment vehicles, particularly those backed by operational road assets and structured cash flow models.
Source - PTI
5th Jun, 2025
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