Citius Transnet Investment Trust files papers with Sebi for an IPO of Rs 1,340-cr

Citius Transnet Investment Trust has filed preliminary papers with market regulator Sebi, seeking approval for an initial public offering (IPO) of Rs 1,340 crore.According to the draft documents, the proposed public offer comprises units aggregating Rs 1,340 crore and includes a strategic investor portion capped at 25 per cent of the total issue size.

The proceeds of the fresh issue worth Rs 1,235 crore will be used for partial or full acquisition of securities of SRPL and certain identified project SPVs – TEL, JSEL, Dhola and Dibang, and a portion will be earmarked for general purposes.

Citius Transnet Investment Trust is a transportation sector-focused infrastructure investment trust established with the objective of acquiring, managing and investing in a portfolio of transportation infrastructure assets, including roads, in India.

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

The Trust’s portfolio assets total 3,406.71 lane miles (seven toll assets covering more than 3,043.22 lane miles, and three annuity assets covering more than 363.49 lane miles) across nine states.

Financially, operating revenue stood at Rs 1,987 crore during FY25 and net loss stood at Rs 417.7 crore.

Axis Capital, Ambit and ICICI Securities are the lead managers. It is proposed to list the units on both BSE and NSE.