Now Reading: Altius Telecom Files Draft Papers For Rs 6,000-Crore IPO
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Altius Telecom Files Draft Papers For Rs 6,000-Crore IPO
Brookfield-backed Altius Telecom Infrastructure Trust has filed draft IPO papers with SEBI to raise about Rs 6,000 crore. The issue includes a fresh issue of units worth Rs 500 crore and an…
The Story in Brief
Brookfield-backed Altius Telecom Infrastructure Trust has filed draft IPO papers with SEBI to raise about Rs 6,000 crore. The issue includes a fresh issue of units worth Rs 500 crore and an offer for sale of up to 30.47 crore units by existing investors. Brookfield's BIF IV Jarvis India will sell up to 18.86 crore units, while GIC-backed Anahera Investment and Rossland IMC will offload 7.65 crore and 3.96 crore units respectively.
Altius owns 2.58 lakh sites and 3.15 lakh tenancies across all 22 telecom circles, commanding an estimated 39% market share by sites. Its profit jumped 31.8% to Rs 1,106.6 crore in FY26, while revenue rose 24.2% to Rs 24,165 crore. Proceeds from the fresh issue will go towards portfolio assets and capital expenditure.
The Indian Opinion
Investors often get carried away by InvIT IPOs, assuming stable returns from telecom infrastructure. Altius commands a strong position, but the large OFS of over 30 crore units means existing backers are cashing out significantly. The company's profit growth, though impressive, came in a favourable business cycle. The key test will be the valuation at which the units are priced and whether institutional demand absorbs the OFS without a discount.
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
