Citius Transnet Investment Trust IPO Records 69% Subscription on Day One

Citius Transnet Investment Trust Sees 69% Subscription on First Day of IPO Bidding

Citius Transnet Investment Trust's initial public offering (IPO) witnessed a strong response on its first day of bidding, with a subscription rate of 69%. The IPO received bids for 423,520,050 units against the total offer of 613,888,850 units as per the data available.

The subscription pattern revealed that the category for other investors was subscribed 1.16 times, while the institutional investors' portion received a mere 30% subscription. Notably, the trust had earlier mobilized Rs 497.25 crore from anchor investors on Thursday.

Key Details of the IPO

| Category | Number of Units Bidded | Total Offer | | --- | --- | --- | | Total | 423,520,050 | 613,888,850 | | Other Investors | 492,520,050 | 423,520,050 (approx.) | | Institutional Investors | 123,000,000 | 290,368,800 |

The Rs 1,105-crore public issue of the investment trust will conclude on April 21, with a price band fixed at Rs 99 to Rs 100 per unit. The proceeds from the issue will be utilized for the partial or full acquisition of securities of SRPL Roads Private Ltd and certain identified project special purpose vehicles, including Thrissur Expressway Ltd, Jorabat Shillong Expressway Ltd, Dhola Infra Projects Private Ltd, and Dibang Infra Projects Private Ltd, as well as for general corporate purposes.

Axis Capital, Ambit, and ICICI Securities are the book-running lead managers to the issue.