Brookfield-Backed Altius Telecom Files IPO Papers For ₹6,000 Crore Issue
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Brookfield-backed Altius Telecom Infrastructure Trust has filed draft IPO papers with the markets regulator and is looking to raise around ₹6,000 crore through a fresh issue of ₹500 crore and an OFS of up to 30.47 crore units. Read more.
Brookfield-backed Altius Telecom Infrastructure Trust has taken the first major step towards a public listing by filing its draft initial public offering (IPO) papers with the market regulator.
The telecom infrastructure investment trust (InvIT) filed the documents on 6 August and plans to raise around ₹6,000 crore through a combination of fresh issue and offer for sale (OFS).
The fresh issue will raise ₹500 crore. Existing unitholders will sell up to 30.47 crore units through the OFS.
The two parts will have different uses. Altius will receive the money raised through the fresh issue, while the OFS proceeds will go to the investors selling their units.
Who Is Selling And Where Will The Money Go?
Brookfield-controlled BIF IV Jarvis India will be the biggest seller in the OFS. It plans to offload up to 18.86 crore units.
GIC-backed Anahera Investment will sell up to 7.65 crore units, while Rossland IMC Limited Partnership will offer up to 3.96 crore units.
Altius plans to use the proceeds from the fresh capital for its portfolio assets and capital expenditure. Any balance can be used for general corporate purposes.
The proposed IPO will also give existing investors a route to reduce their holdings through the public market.
Altius Has A Major Presence In India’s Telecom Infrastructure Market
Altius operates across all 22 telecom circles in India and has 2.58 lakh sites and 3.15 lakh tenancies.
Its portfolio includes macro towers, rooftop sites, in-building solutions and outdoor small cells.
Based on the number of sites, Altius has an estimated 39% market share. Its share based on tenancies stands at 34%, according to the draft offer documents.
Altius Reports Higher Profit And Revenue In FY26
Altius' financial performance improved in FY26.
Profit rose 31.8% to ₹1,106.6 crore from ₹839.9 crore in FY25. Revenue increased 24.2% to ₹24,165 crore from ₹19,454 crore a year earlier.
The numbers give investors a look at the InvIT's earnings ahead of its proposed listing.
JM Financial, NovaaOne Capital, Ambit, Axis Capital, Citigroup Global Markets India, Investec Capital Services (India), Jefferies India, Kotak Mahindra Capital Company, SBI Capital Markets and 360 ONE WAM are among the merchant bankers handling the issue.
Also Read - Bharat Forge Q1 FY27 Results: Shares Fall Nearly 7% After ₹358 Crore Exceptional Loss
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, visit www.kotakneo.com/disclaimer.
Vishwa is a content and SEO strategist with 10+ years of experience across fintech and FMCG. She has a knack for connecting dots others miss, spotting trends early, and finding angles on topics most miss to question.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide.
Outside work, she's drawn to art, painting and architecture, and enjoys travelling to explore them firsthand.
