Citius TransNet IPO Surpasses Expectations with Strong Investor Demand
Citius TransNet Investment Trust's IPO has been well-received, achieving a 1.38 times subscription on the second day. It garnered bids for over 8.45 million units, surpassing the 6.13 million available. The IPO raised Rs 497.25 crore from anchor investors and is set to conclude on April 21.
- Country:
- India
The initial public offering of Citius TransNet Investment Trust has captured significant attention from investors, achieving 1.38 times subscription by the second day of bidding.
According to data from the NSE, the IPO garnered bids for 8,45,56,050 units, exceeding the 6,13,88,850 units initially offered. The allotment under the category for other investors was oversubscribed by 2.27 times, while the portion reserved for institutional investors reached 63 per cent subscription.
On Thursday, Citius TransNet announced it had raised Rs 497.25 crore from anchor investors to aid in its Rs 1,105-crore public issue of the InvIT. The price band has been set at Rs 99 to Rs 100 per unit, with the proceeds earmarked for acquiring securities of SRPL Roads Pvt. Ltd and various project-specific vehicles, alongside general corporate needs. Key book-runners for the issue include Axis Capital, Ambit, and ICICI Securities.
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