Vertis Infrastructure Trust, backed by global investment firm KKR, has appointed Axis Capital and two additional investment banks to manage its planned IPO of up to $568 million, according to investment banking sources.
The company aims to seek regulatory approval before December, positioning itself amid India’s record-breaking equity market momentum.
So far in 2025, Indian companies have raised $16 billion through IPOs, making it the third-largest market globally for public listings, according to Dealogic.