Citius Transnet Investment Trust Aims for Rs 1,340-Crore IPO

Citius Transnet Investment Trust seeks approval from SEBI for a Rs 1,340-crore IPO. The funds aim to acquire securities in transport infrastructure. The Trust focuses on managing transport assets across India, supported by Epic TransNet Infrastructure. The portfolio spans 3,406.71 lane-kilometres across nine states.

Citius Transnet Investment Trust has taken a significant step by filing preliminary papers with Sebi for approval of a Rs 1,340-crore initial public offering (IPO). This move underscores its ambition in the transport infrastructure sector.

The proposed public offering will involve units summing up to Rs 1,340 crore, with a strategic investor portion capped at 25% of the total issue size. The Trust plans to channel Rs 1,235 crore of the proceeds towards acquiring securities of SRPL and certain project SPVs, namely TEL, JSEL, Dhola, and Dibang. Additionally, part of the funds will cater to general corporate purposes.

With a focus on acquiring, managing, and investing in transport infrastructure assets, including roads, Citius Transnet aims to broaden its impact across India. As of FY25, it reported revenue of Rs 1,987 crore, despite a net loss of Rs 417.7 crore. The IPO is being managed by Axis Capital, Ambit, and ICICI Securities, with listings anticipated on both BSE and NSE.

(With inputs from agencies.)