KKR-backed Vertis Infra Trust is set to file its Draft Red Herring Prospectus (DRHP) for an initial public offering (IPO) worth up to Rs 30 billion in May 2026. The trust aims to raise fresh capital and potentially offload stakes in high-quality road assets, fueling expansion amid booming infra demand.
The IPO proceeds will support acquisitions of additional toll road projects, debt repayment, and general corporate purposes. The deal size is yet to be finalised and may be downsized, as the trust does not need to raise too much of primary capital.