Citius TransNet's IPO Soars with Overwhelming Response
Citius TransNet Investment Trust's IPO was a massive success, receiving 20.43 times the subscription on its closing day. The Rs 1,105-crore IPO aims to raise funds for acquiring transport infrastructure assets in India. Managed by Axis Capital and others, the trust focuses on roads and related projects.
- Country:
- India
The IPO of Citius TransNet Investment Trust witnessed an overwhelming response, with a subscription rate of 20.43 times on the final bidding day. The Rs 1,105-crore offer, as reported by NSE, saw bids for over 125 crore units compared to the 6 crore units available.
Institutional investors showed significant interest, with their category being subscribed 23.21 times, while the remaining investor categories reached 17.09 times subscription. Additionally, Citius raised Rs 497.25 crore from anchor investors prior to the public offering.
Priced between Rs 99 and Rs 100 per unit, the funds from this successful IPO will facilitate the acquisition of securities from SRPL Roads Pvt Ltd and other special purpose vehicles. Citius aims to bolster its transport infrastructure investment portfolio in India, focusing especially on road assets.
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