Citius TransNet Investment Trust Share Price: The units of Citius TransNet Investment Trust, a transport sector-focused infrastructure investment trust (InvIT), climbed nearly 5 per cent against the issue price of Rs 100 per unit in their debut trade on Wednesday.
At the NSE, it listed at Rs 104.60, registering a jump of 4.6 per cent.
Its market valuation stood at Rs 6,436.11 crore.
The initial public offering of Citius TransNet Investment Trust received 20.43 times subscription on the closing day of bidding on Tuesday last week.
The category for institutional investors got subscribed 23.21 times, while the other investors’ portion received 17.09 times subscription.
Citius TransNet Investment Trust has mobilised Rs 497.25 crore from anchor investors.
InvITs are a type of investment vehicle that allows investors to invest in infrastructure projects.
The Rs 1,105-crore IPO of the InvIT had 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 Pvt Ltd and certain identified project special purpose vehicles, including Thrissur Expressway Ltd, Jorabat Shillong Expressway Ltd, Dhola Infra Projects Pvt Ltd and Dibang Infra Projects Pvt Ltd, as well as for general corporate purposes.
Citius TransNet Investment Trust is a transport sector-focused InvIT, established with an objective to acquire, manage and invest in a portfolio of transport infrastructure assets, including roads, in India.
