Citius TransNet Investment Trust is an Infrastructure Investment Trust (InvIT) focused on the transport infrastructure sector in India, primarily investing in operational road assets. The Trust is designed to acquire, manage, and operate income-generating highway projects, to deliver stable and predictable cash flows to its unitholders.
As per the RHP, Citius TransNet InvIT has a geographically diversified portfolio of 3,406.71 lane-kilometers spread across nine states in India.
The portfolio includes seven toll projects covering 3,043.22 lane-kilometers, where revenue is linked to traffic volume and economic activity. It also has three annuity projects covering 363.49 lane-kilometers, providing stable, government-backed income streams. Overall, this mix creates a balanced business model, combining growth potential from toll assets with steady income visibility from annuity assets.
The Trust is sponsored by Epic TransNet Infrastructure Pvt. Ltd. (formerly Watrak Infrastructure Pvt. Ltd.). The Sponsor is fully owned by Infrastructure Yield Trust funds—Infrastructure Yield Plus II, Infrastructure Yield Plus IIA, and India Infrastructure Yield Plus II—managed by EAAA India Alternatives Limited (EAAA).
EAAA India Alternatives Limited (EAAA) is the core investment platform behind the Trust. As of September 30, 2024, it managed 3 out of 14 infrastructure-focused funds in India and ranked 3rd by AUM.
EAAA operates a diversified, multi-strategy platform focused on high-growth infrastructure sectors, with investors including global pension funds, insurance companies, and UHNI clients.
As of June 30, 2025, it is supported by a 26-member asset management team and 76 investment professionals.
Citius Transnet InvIT IPO – Details
| IPO Opening Date | 17 April 2026 |
| IPO Closing Date | 21 April 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 11,05,00,000 Shares Worth ₹1,105.00 Crore Fresh Issue: 11,05,00,000 Shares Worth ₹1,105.00 Crore |
| IPO Price | ₹99 – ₹100 per share |
| Market Lot | 150 Shares |
| Min Order | 150 Shares [ 1 Lot ] |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Ltd. |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 25% |
Citius Transnet InvIT IPO – Date Schedule
| IPO Open Date | 17 April 2026 |
| IPO Close Date | 21 April 2026 |
| Basis of Allotment | 24 April 2026 |
| Initiation of Refund | 27 April 2026 |
| Credit of Shares to Demat Account | 27 April 2026 |
| IPO Listing Date | 29 April 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 21, 2026 |
Competitive Strength
- A large and well-dispersed portfolio of Project SPVs, with a long operating history and residual concession life, broad dispersion in terms of asset value, and a proven track record of traffic growth.
- Strong pipeline of Identified ROFO Assets.
- Strategically located assets across geographically diverse clusters, situated near major economic corridors, and handling a diverse industry and commodity mix.
- De-risked portfolio providing stable cash flows from toll and annuity assets, with balanced traffic mix backed by industrial activity (commercial vehicle volume) and personal consumption activity (passenger vehicle volume) for toll assets and low counterparty risk for annuity assets.
- Experienced in-house team with full spectrum asset management and maintenance capabilities, spanning the entire asset life cycle, backed by tech-enabled operations and maintenance.
- Strong and differentiated asset acquisition and investment capabilities.
- Strong support from its Investment Manager, Project Manager, and the EAAA Platform, which has a proven track record in AUM growth, capital raising, and investment and asset management capabilities.
- Skilled and experienced management team with a focus on corporate governance and capital management.
- Attractive transport sector outlook with the established regulatory environment and economic and social tailwinds.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹1,885.30 Cr | ₹2,519.13 Cr | – ₹654.01 Cr | – ₹1,539.13 Cr |
| 31 March 2024 | ₹2,038.53 Cr | ₹2,776.67 Cr | – ₹774.12 Cr | – ₹2,255.60 Cr |
| 31 March 2025 | ₹2,165.62 Cr | ₹2,581.15 Cr | – ₹417.75 Cr | – ₹4,152.17 Cr |
| 31 December 2025 | ₹1,570.39 Cr | ₹1,784.81 Cr | – ₹219.05 Cr | – ₹4,044.04 Cr |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| partial or full acquisition of securities of a) SRPL b) certain identified Project SPVs namely TEL, JSEL, Dhola and Dibang. | ₹1,000.00 |
| General purposes. |
Citius Transnet InvIT IPO Prospectus
Company Contact Information
| Citius Transnet InvIT Plot 294/3, Edelweiss House, Off CST Road, Kalina, Santacruz East, Mumbai, Maharashtra, 400098 Phone:Â +91 22 4019 470 Email: Compliance_Citius@eaaa.in Website: https://www.citiustransnet.in/ |
Citius Transnet InvIT IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: citius.invit@kfintech.com Website:Â https://ipostatus.kfintech.com/ |
Citius Transnet InvIT IPO Lead Manager(s)
| 1. Ambit Pvt. Ltd. 2. Axis Capital Limited 3. ICICI Securities Limited |
Citius Transnet InvIT IPO FAQs
| What is the Citius Transnet InvIT IPO? Citius Transnet InvIT IPO is a main-board IPO. The issue is priced at ₹99 to ₹100 per equity share. The IPO is to be listed on the BSE and NSE. |
| When will the Citius Transnet InvIT IPO open? The IPO is to open on 17 April 2026 for QIB and NII. |
| What is Citius Transnet InvIT IPO Investors Portion? The investors’ portion for QIB – 75%, and NII – 25%. |
| What is the Citius Transnet InvIT IPO Size? Citius Transnet InvIT IPO size is ₹1,105.00 Crore. |
| What is the Citius Transnet InvIT IPO Allotment Date? Citius Transnet InvIT IPO allotment date is 24 April 2026. |
| What is the Citius Transnet InvIT IPO Listing Date? Citius Transnet InvIT IPO listing date is 29 April 2026. The IPO is to be listed on the BSE and NSE. |
