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Citius TransNet Investment Trust has mobilised INR 497.25 crore from anchor investors prior to the launch of its INR 1,105 crore initial public offering. The anchor book saw participation from pension funds, mutual funds, insurance firms, and institutional investors, with units allocated at INR 100 each. The public issue is priced between INR 99 and INR 100 per unit and is scheduled to open in the immediate term. Proceeds will be utilised for acquiring stakes in road infrastructure assets, including SRPL Roads Private Ltd and several project-specific special purpose vehicles. The offering reflects continued investor interest in infrastructure-backed InvIT structures with stable yield potential.
Citius TransNet Investment Trust (InvIT) has raised INR 497.25 crore from anchor investors ahead of its proposed INR 1,105 crore initial public offering, with allocations made at the upper end of the price band as the trust prepares to open the issue for public subscription. Advertisement
According to details disclosed in a circular on the BSE, the InvIT allotted 4,97,24,850 units to anchor investors at a price of INR 100 per unit. The anchor book saw participation from a mix of institutional investors, including pension and provident funds, mutual funds, insurance companies and other investment vehicles.
Key participants included Prazim Trading and ASKWA Income Opportunities Fund, alongside pension funds such as HDFC Pension, SBI Pension and ICICI Prudential Pension. Contributions also came from DSP Pension and Larsen & Toubro Provident Fund. Mutual fund participation spanned equity, hybrid and multi-asset schemes, including WhiteOak, DSP, Quant and Axis Mutual Fund. Insurance sector investors included Bajaj Life, Axis Max Life, Bharti AXA and IndusInd General.
The InvIT's public issue, aggregating to INR 1,105 crore, is scheduled to open for subscription in the immediate term and will close within the same week. The price band for the offering has been fixed at INR 99 to INR 100 per unit.
Proceeds from the IPO are earmarked for the acquisition of infrastructure assets, including partial or full acquisition of securities in SRPL Roads Private Ltd, as well as investments in identified project special purpose vehicles. These include Thrissur Expressway Ltd, Jorabat Shillong Expressway Ltd, Dhola Infra Projects Private Ltd and Dibang Infra Projects Private Ltd. A portion of the proceeds will also be allocated towards general corporate purposes.
The InvIT structure enables investors to participate in income-generating infrastructure assets, particularly in sectors such as roads, transmission and logistics, through a regulated investment vehicle. Such platforms typically distribute stable cash flows derived from operational assets, making them attractive to institutional investors seeking yield-oriented investments.
Axis Capital, Ambit and ICICI Securities have been appointed as the book-running lead managers for the issue, overseeing the offering process and investor engagement. The listing of units is expected to provide liquidity to investors and facilitate broader participation in infrastructure-backed investment products.
The strong participation in the anchor book indicates institutional appetite for infrastructure investment trusts, particularly those backed by operational road assets with established revenue streams.
Source - PTI
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