Citius TransNet Investment Trust announced it has mobilised Rs 497.25 crore from anchor investors ahead of its initial public offering (IPO). The InvIT attracted participation from various investors, including Prazim Trading and ASKWA Income Opportunities Fund, along with pension and provident funds such as HDFC Pension, SBI Pension, ICICI Prudential Pension, DSP Pension, and Larsen & Toubro Provident Fund.
Mutual funds like WhiteOak, DSP, Quant, and Axis Mutual Fund also joined the anchor book. Insurance investors included Bajaj Life, Axis Max Life, Bharti AXA, and IndusInd General. The InvIT allocated 4,97,24,850 units at Rs 100 per unit to anchor investors.
The Rs 1,105 crore public issue will open for subscription on April 17 and conclude on April 21, with a price band set at Rs 99 to Rs 100 per unit. Proceeds will be used for acquisitions related to SRPL Roads Private Ltd and specific project special purpose vehicles, as well as for general corporate purposes. Axis Capital, Ambit, and ICICI Securities are the book-running lead managers for the issue.
