Upcoming IPOs this week: The week starting April 13 will not see any action in the mainboard segment. However, Citius TransNet Investment Trust, a transport sector-focused InvIT (infrastructure investment trust), and small and medium enterprise Mehul Telecom will launch their issues.
Three listings will take place this 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.
Mehul Telecom IPO
Multi-brand mobile retail chain Mehul Telecom is seeking to raise ₹27.73 crore solely via fresh issuance of 28,29,600 shares.
The fresh issue proceeds will be used for funding working capital requirements, general corporate purposes and issue-related expenses.
With a price band of ₹96 to ₹98 per share, a lot consists of 1,200 shares. The minimum investment for an individual investor is two lots or 2,400 shares.
Mehul Telecom operates a multi-brand mobile retail chain offering smartphones and other electronic products and accessories via a hybrid COCO (Company Owned, company-operated) and FOFO (Franchisee Owned, franchisee-operated) retail model. Its retail portfolio comprises products from leading smartphone and phone accessory manufacturers like MI, Samsung, Vivo, Realme, Nokia, OnePlus, Redmi, Oppo, Nothing, Intel, Infinix, Xiaomi, Tecno and other popular brands.
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.