Home / Business and Economy / Indian Infrastructure Trust Files for ₹1,340 Crore IPO
Indian Infrastructure Trust Files for ₹1,340 Crore IPO
9 Dec
Summary
- Citius Transnet seeks Sebi approval for a ₹1,340 crore IPO.
- IPO proceeds will fund infrastructure asset acquisitions.
- Trust manages 3,406 lane-kilometers across nine states.
Citius Transnet Investment Trust has initiated the process for a substantial ₹1,340-crore initial public offering by filing draft papers with the Securities and Exchange Board of India (Sebi). The proposed public offering includes a strategic investor component, limited to 25 percent of the total issue size. This fundraising aims to bolster the trust's capacity for strategic acquisitions within the transport infrastructure domain.
The significant proceeds, totaling ₹1,235 crore from the fresh issuance, are earmarked for the partial or full acquisition of securities from SRPL and specific project special purpose vehicles, including TEL, JSEL, Dhola, and Dibang. A smaller portion of the funds will be reserved for general corporate activities. This strategic move underscores the trust's commitment to expanding its footprint in India's vital transport infrastructure sector.
As of FY25, Citius Transnet reported revenue from operations amounting to ₹1,987 crore, alongside a net loss of ₹417.7 crore. The trust's existing portfolio is robust, comprising 3,406.71 lane-kilometers across nine states. This extensive network includes seven toll assets and three annuity assets, highlighting its established presence and operational scale in the Indian infrastructure landscape.
