Vertis Infrastructure Trust, backed by KKR, is expected to file its draft red herring prospectus (DRHP) for an Initial Public Offering (IPO) by the end of May, according to The Moneycontrol reports.
The proposed issue size is estimated at up to ₹3,000 crore. The offering is likely to include both fresh issuance and an offer for sale. The final structure and size remain under discussion and could be revised.
Vertis Infrastructure Trust operates a portfolio of toll and annuity-based road assets across India. The platform was established in 2021 after acquiring operational road projects from Global Infrastructure Partners. This provided an initial pan-India presence.
The InvIT expanded further in 2024-25 through the acquisition of around 12 hybrid annuity model projects from PNC Infratech, in a transaction valued at about ₹9,000 crore.
The trust currently holds 28 road projects across 9 states, covering 8,428 lane kilometres. The total portfolio value is estimated at nearly ₹26,500 crore.
Reports indicated that the trust may not require a large amount of primary capital, which could lead to a smaller fresh issue component. The balance may come through secondary share sales.
The final decision on the mix and size of the offering is yet to be taken. The sponsor did not respond to queries on the proposed listing.
The planned IPO comes amid steady activity in the InvIT segment. These structures are typically used to hold income-generating infrastructure assets and distribute cash flows to investors.
In March, the National Highways Authority of India raised over ₹9,000 crore through its InvIT offerings.
One of its issues recorded a subscription of 13.74 times. In April, Citius Transnet Investment Trust raised ₹1,105 crore, with subscription exceeding 20 times.
Read More: Upcoming IPOs This Week: SME Issues and Bagmane REIT Take Centre Stage!
Vertis Infrastructure Trust’s proposed IPO follows recent additions to its road asset portfolio and ongoing fundraising activity in the InvIT segment. Key details, including the final issue size and timing, remain to be finalised.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: May 4, 2026, 3:39 PM IST
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