The Citius TransNet Investment Trust InvIT has set its Initial Public Offering (IPO) price band between ₹99 and ₹100 per unit. The launch marks a significant fundraising opportunity aimed at channeling substantial capital into the transport infrastructure sector. The issue is scheduled for subscription from April 17 to April 21, with total gross proceeds estimated at ₹1,105 crore.
The IPO is strategically structured for diverse participation. It allocates a substantial 75% of the public issue shares to Qualified Institutional Buyers (QIBs), while the remaining 25% is reserved for Non-Institutional Investors (NIIs). The standard lot size for the InvIT is set at 150 units.
Citius TransNet InvIT IPO Subscription Timeline
Investors can track the key milestones associated with the listing. Anchor investor allotment for the Citius TransNet Investment Trust InvIT is scheduled for Thursday, April 16. The basis of allotment will be finalized by the end of the day on Friday, April 24.Following the allotment, refunds will be initiated on Monday, April 27. Allotment shares will subsequently be credited to the demat account of all successful bidders on the same day as the refund. The listing of Citius TransNet Investment Trust InvIT on both the BSE and NSE is anticipated on Wednesday, April 29.
Capital Allocation and Use of Proceeds
The fundraising goal is substantial, with the gross proceeds estimated at ₹1,105 crore. The utilization plan details a primary focus on acquiring and enhancing core assets.Up to ₹1,000 crore of the net proceeds is earmarked for the partial or full acquisition (or redemption) of securities related to key projects. These assets include SRPL Roads Private Ltd and several identified project SPVs: Thrissur Expressway Ltd, Jorabat Shillong Expressway Ltd, Dhola Infra Projects Private Ltd, and Dibang Infra Projects Private Ltd.
The balance of the funds collected will be utilized for general corporate purposes, supporting the Trust’s overall growth mandate. Axis Capital, Ambit Private Ltd, and ICICI Securities serve as the book running lead managers for the offering.
Financial Health and Core Assets
Citius TransNet Investment Trust (Trust) is a transport-focused infrastructure InvIT designed to acquire, manage, and invest in a robust portfolio of road infrastructure assets across India. The Trust gained its formal standing after being registered with SEBI on August 1, 2025, via a Trust Deed.Financially, the Trust has demonstrated steady growth. Its revenue from operations rose to ₹1,987.05 crore in FY2025, significantly up from ₹1,773.52 crore reported in FY2023. Similarly, net cash flow from operating activities climbed to ₹1,044.95 crore, compared to ₹907.93 crore over the same period.
Furthermore, for the nine months ended December 31, 2025, the company reported a revenue of ₹1,496.36 crore, alongside an operating cash flow of ₹782.02 crore. The adjusted enterprise value of the Project SPVs stood robustly at ₹12,058.80 crore as of December 31, 2025.
The sponsor group backing the InvIT includes Infrastructure Yield Trust (via its schemes Infrastructure Yield Plus II, etc.), which provides operational backing, alongside Epic Transnet Project Management Private Ltd and Neelambur Madukkarai Tollway Private Ltd.
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