Citius Transnet Investment Trust seeks Sebi nod for Rs 1,340-cr IPO

• Citius Transnet Investment Trust filed preliminary papers with Sebi for a Rs 1,340-crore Initial Public Offering (IPO).
• The IPO proceeds, specifically Rs 1,235 crore from fresh issuance, will be used to acquire securities of SRPL and identified project SPVs.
• Citius Transnet is a transport sector-focused infrastructure investment trust, aiming to acquire, manage, and invest in transport assets across India.
• The Trust's portfolio includes 3,406.71 lane-kilometres of assets (seven toll and three annuity) spread across nine Indian states.
• Axis Capital, Ambit, and ICICI Securities are the book-running lead managers for the IPO, which is proposed to be listed on both BSE and NSE.

Why It Matters: New IPO offers investment in Indian transport infrastructure assets.