Upcoming IPO: Citius Transnet Investment Trust files papers with Sebi for ₹1,340 crore issue

According to the draft papers, the proposed public offer involves units aggregating up to ₹1,340 crore and includes a strategic investor portion capped at 25% of the total issue size.

Proceeds from its fresh issuance worth ₹1,235 crore will be utilised for partial or full acquisition of securities of SRPL and certain identified project SPVs—TEL, JSEL, Dhola and Dibang—besides, a portion will be earmarked for general purposes.

Citius Transnet Investment Trust is a transport sector-focused infrastructure investment trust established with the objective to acquire, manage and invest in a portfolio of transport infrastructure assets, including roads, in India.

The sponsor of the Trust is Epic TransNet Infrastructure, wholly owned by the schemes of the Infrastructure Yield Trust, an AIF managed by EAAA India Alternatives Limited (EAAA).

The Trust's portfolio assets comprise a total of 3,406.71 lane-kilometres (seven toll assets spanning more than 3,043.22 lane-kilometres and three annuity assets spanning more than 363.49 lane-kilometres) across nine states.

Financially, its revenue from operations was ₹1,987 crore during FY25, and the net loss was ₹417.7 crore.

Axis Capital, Ambit and ICICI Securities are the book-running lead managers. The units are proposed to be listed on both BSE and NSE.

Five firms get Sebi nod for IPO

Further, as many as five companies, including supply chain asset pooling firm LEAP India and Eldorado Agritech, have secured Sebi's approval to raise funds through initial public offerings (IPOs), an update with the regulator showed on Tuesday.

Other firms that received regulatory clearance are Molbio Diagnostics, backed by Temasek and Motilal Oswal Private Equity; Foodlink F&B Holdings (India), a catering and food retail chain company; and Technocraft Ventures, a wastewater treatment solutions provider.

All five companies, which filed their preliminary IPO papers between June and September, obtained the regulator's observations between November 25 and December 5, the update showed.

In Sebi's parlance, receiving observations is equivalent to its go-ahead to proceed with a public issue.

On the other hand, two companies—Inox Clean Energy and Sky Alloys and Power—have withdrawn their respective IPO papers on December 5.