Upcoming IPOs next week: Dry spell for mainboard and SME, Citius Transnet InvIT to open; 3 listings scheduled

Upcoming IPOs next week: The week starting April 13 will not see any action in the mainboard or small and medium enterprise (SME) initial public offerings (IPOs) segments. However, Citius TransNet Investment Trust, a transport sector-focused InvIT (infrastructure investment trust), will launch its issue.

Three listings will take place next week. Shares of Safety Controls & Devices and Emiac Technologies will make their debuts on the BSE SME platform on April 13, while the stock of Om Power Transmission will hit NSE and BSE on April 17.

Citius Transnet InvIT IPO

The ₹1,340 crore IPO of Citius TransNet Investment Trust, which is managed by EAAA TransInfra Managers, will go live on April 17. The issue will conclude on April 21.

The price band has not been announced yet. The issue only contains a fresh issue component.

Citius TransNet Investment Trust is established with the aim to acquire, manage and invest in a portfolio of transport infrastructure assets, including roads, in India.

The initial portfolio comprises a total of 3,406.71 lane kilometres, including seven toll assets and three annuity assets across nine states, as of the date of this Offer Document.

The net proceeds will be used for partial or full acquisition of securities of SRPL and certain identified Project SPVs, namely TEL, JSEL, Dhola and Dibang. It will also be utilised for general purpose.

Its sponsor is Epic TransNet Infrastructure Pvt Ltd (formerly Watrak Infrastructure Pvt Ltd), which is wholly owned by the schemes of the Infrastructure Yield Trust, an AIF managed by EAAA India Alternatives Ltd.

The allotment of Citius TransNet Investment Trust is likely to be finalised on April 22. The listing on the NSE and the BSE will take place on April 24.

Axis Capital, ICICI Securities and Ambit are the issue's lead managers, while KFin Technologies serves as the registrar.