Citius TransNet's IPO Mobilizes Rs 497.25 Crore from Key Investors

Citius TransNet Investment Trust successfully mobilized Rs 497.25 crore from anchor investors in advance of its initial public offering (IPO). Major investors include pension funds, mutual fund schemes, and insurance companies. The raised funds are dedicated to acquiring securities and specific project vehicles, with the IPO opening in April 2023.

Citius TransNet Investment Trust announced on Thursday that it has secured Rs 497.25 crore from anchor investors prior to its initial public offering (IPO). Among the investors are financial heavyweights such as Prazim Trading, ASKWA Income Opportunities Fund, and multiple pension and provident funds including HDFC Pension and SBI Pension.

The InvIT's investor lineup also features mutual funds including WhiteOak, DSP, Quant, and Axis Mutual Fund, alongside insurance companies like Bajaj Life and Axis Max Life. According to BSE records, Citius TransNet allocated 4,97,24,850 units at Rs 100 each to anchor investors.

Opening for subscription on April 17 and closing on April 21, the Rs 1,105 crore issue will have a price band between Rs 99 and Rs 100. Proceeds aim to finance acquisitions of securities and project vehicles including SRPL Roads Private Ltd. The issue will be managed by Axis Capital, Ambit, and ICICI Securities.

(With inputs from agencies.)