• Source:JND
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Latest IPO News: Citius TransNet Investment Trust's Rs 1,105 crore initial public offering will open for public subscription between April 17 and April 21. The company on Monday announced the price band for the share sale at Rs 99 to Rs 100 per share.

According to the information available, the proceeds of this issue will be used for the partial or full acquisition of securities of SRPL Roads Private Limited and certain identified Special Purpose Vehicles (SPVs), namely Thrissur Expressway Limited, Jorapat Shillong Expressway Limited, Dhola Infra Projects Private Limited, and Dibang Infra Projects Private Limited, as well as for general corporate purposes.

Sidius Transnet Investment Trust ("Trust") is an infrastructure investment trust (InvIT) with expertise in the transport sector. It was established to acquire, manage and invest in a portfolio of transport infrastructure assets, including roads, in India.

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According to the release document, the portfolio of assets comprises a total of 3,406.71 km of roads (seven toll properties covering over 3,043.22 km of roads and three annuity properties covering over 363.49 km of roads) spread across nine states.

The promoter of the trust is Epic Transnet Infrastructure Private Limited. The promoter is a wholly-owned subsidiary of Infrastructure Yield Plus II, Infrastructure Yield Plus IIA and India Infrastructure Yield Plus II funds managed by Infrastructure Yield Trust. These funds are managed by EAAA India Alternatives Limited (EAAA).

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Financial Details

Financially, for the nine months ending December 31, 2025, the Trust's revenue amounted to 1,496.36 crore rupees and its net cash flow to 782 crore rupees.

Axis Capital, Ambit, and ICICI Securities are the lead managers for the transaction. These shares will be listed on the BSE and the NSE.

(With Inputs From PTI) 


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