Citius TransNet InvIT Secures Rs 497 Crore from Anchor Investors Ahead of Initial Public Offering
Detailed Analysis
Citius TransNet Investment Trust Secures Rs 497.25 Crore from Anchor Investors Ahead of IPO
Citius TransNet Investment Trust has successfully mobilised Rs 497.25 crore from anchor investors ahead of its initial public offering (IPO), which is scheduled to open for subscription on April 17 and conclude on April 21. The InvIT has garnered participation from a range of investors, including Prazim Trading and ASKWA Income Opportunities Fund, as well as pension and provident funds such as HDFC Pension, SBI Pension, ICICI Prudential Pension, DSP Pension, and Larsen & Toubro Provident Fund.
In addition, mutual funds across equity, hybrid, and multi-asset schemes, including WhiteOak, DSP, Quant, and Axis Mutual Fund, have participated in the anchor book. Insurance investors such as Bajaj Life, Axis Max Life, Bharti AXA, and IndusInd General have also joined the list of anchor investors.
According to a circular uploaded on the BSE website, the InvIT has allocated 4,97,24,850 units at Rs 100 per unit to anchor investors. The Rs 1,105 crore public issue will have a price band of Rs 99 to Rs 100 per unit.
Proceeds from the issue will be used for 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.
| Issuer | Investor | Participation | | --- | --- | --- | | Citius TransNet Investment Trust | Prazim Trading | Anchor Investor | | | ASKWA Income Opportunities Fund | Anchor Investor | | | HDFC Pension | Anchor Investor | | | SBI Pension | Anchor Investor | | | ICICI Prudential Pension | Anchor Investor | | | DSP Pension | Anchor Investor | | | Larsen & Toubro Provident Fund | Anchor Investor | | | WhiteOak | Mutual Fund | | | DSP | Mutual Fund | | | Quant | Mutual Fund | | | Axis Mutual Fund | Mutual Fund | | | Bajaj Life | Insurance Investor | | | Axis Max Life | Insurance Investor | | | Bharti AXA | Insurance Investor | | | IndusInd General | Insurance Investor |
Investor Takeaway
Citius TransNet InvIT has secured Rs 497 crore from anchor investors ahead of its IPO, which will open for subscription on April 17.
