Kolkata: Citius Transnet InvIT IPO has been successful in attracting subscription application for shares that are 20.43 times of the number that the company set out to sell. The public issue was subscribed 23.21 times in QIB category and 17.09 times in the NII category. The allotment process of the shares will be conducted today, April 24. Citius Transnet Investment Trust’s primary focus is on the road infrastructure and it invests in and manages a number of toll and annuity-based road projects. This is done through special purpose vehicles (SPVs) and holding entities. The management wants to utilize the proceeds of the current issue to invest in four more toll roads. The IPO market is dull so far this year and the success of the Citius Transnet InvIT stands out.
How to check Citius Transnet InvIT IPO allotment on NSE
ONE: Enter NSE’s IPO allotment verification status page
TWO: Click “Equity & SME IPO bid details”
THREE: Select CITIUSINVT
FOUR: Type your PAN and application number
FIVE: Click “Submit”
How to check Citius Transnet InvIT IPO allotment on BSE
ONE: Go to application status page of BSE
TWO: Select Equity in issue type
THREE: In Issue Name select “Citius Transnet InvIT”
FOUR: Type PAN or application number
FIVE: Verify you are not a robot
SIX: Click Submit
How to check Citius Transnet InvIT IPO allotment on registrar website
ONE: Go to Kfin Technologies IPO allotment status page (It is the registrar to the IPO)
TWO: In select IPO, clink “Citius Transnet InvIT”.
THREE: Type PAN or demat account number of application number
FOUR: Type the captcha and click “Submit”.
Citius Transnet InvIT IPO GMP
According to investorgain, Citius Transnet InvIT IPO GMP stood at Rs 3.75 in early morning of April 24. Considering a price band of Rs 100, the estimated listing price will be Rs 103.75. However it must be remembered that GMP is an unofficial indicator which is volatile and cannot guarantee listing gain.
Citius Transnet Investment Trust IPO intended to raise Rs 1,105.00 crores via only a fresh issue of 11.05 crore shares. The price band was set between Rs 99 and Rs 100 and the minimum lot size was 150. Axis Capital, Ambit and ICICI Securities were the book-running lead managers for the issue while KFin Technologies was the registrar.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, InvITs and any form of alternative investment instruments and crypto assets.)