Citius Transnet Investment Trust IPO
Citius Transnet Investment Trust IPO Details
-
Open Date
17 Apr 2026
-
Close Date
21 Apr 2026
-
Listing Date
29 Apr 2026
- IPO Price Range
₹ 99.00 to ₹100
- IPO Size
₹ 1,105 Cr
- Listing Exchange
BSE NSE
Citius Transnet Investment Trust IPO Timeline
Citius Transnet Investment Trust IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 17-Apr-2026 | 0.30 | 1.16 | - | 0.69 |
| 20-Apr-2026 | 0.63 | 2.22 | - | 1.35 |
| 21-Apr-2026 | 23.00 | 15.08 | - | 19.40 |
Last Updated: 21 April 2026 5:30 PM by 5paisa
Citius Transnet Investment Trust is an infrastructure investment trust focused on India’s transport sector, investing in road assets. Its portfolio spans 3,406.71 lane-kilometres across nine states, comprising seven toll and three annuity projects. The Sponsor, Epic TransNet Infrastructure Private Limited, is owned by Infrastructure Yield Trust funds managed by EAAA India Alternatives. As of September 2024, EAAA ranked third by AUM among infrastructure managers, supported by a 26-member asset management team.
Established in: 2025
Managing Director: Sreekumar Chatra
Peers:
| Metric |
Cube Highways Trust |
Vertis Infrastructure Trust |
Interise Trust |
|
NAV per Unit (₹) |
142.70 | 103.35 | 104.80 |
| Premium / (Discount to NAV)% | -1.89 | 5.47 | 5.35 |
Citius Transnet Investment Trust Objectives
1. Partial or full acquisition of securities in SRPL and selected Project SPVs, namely TEL, JSEL, Dhola and Dibang (₹1,000.00).
2. General corporate purposes.
Citius Transnet Investment Trust IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹1,105 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹1,105 Cr |
Mehul Telecom IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 23.00 | 3,34,84,800 | 77,02,33,800 | 7,702.34 |
| Non-Institutional Buyers | 15.08 | 2,79,04,050 | 42,08,69,100 | 4,208.69 |
| Total** | 19.40 | 6,13,88,850 | 1,19,11,02,900 | 11,911.03 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 1773.52 | 1873.17 | 1987.05 |
| EBITDA | 1084.17 | 1259.41 | 1434.95 |
| PAT | -654.01 | -774.12 | -417.75 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 11396.95 | 10307.89 | 8371.04 |
| Share Capital | 762.91 | 678.92 | 49.33 |
| Total Liabilities | 11810.36 | 11443.49 | 12063.69 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | 907.93 | 939.25 | 1044.95 |
| Net Cash Generated From / (used in) Investing Activities | -53.23 | 1071.11 | -2385.17 |
| Net Cash Generated From / (used in) Financing Activities | -658.56 | -1097.17 | 185.44 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 196.14 | 913.20 | -1154.79 |
Strengths
1. Diversified road portfolio across multiple Indian states
2. Mix of toll and annuity revenue models
3. Strong sponsor backing from Infrastructure Yield Trust
4. Experienced asset manager with sizeable AUM base
Weaknesses
1. High dependence on road transport infrastructure segment
2. Exposure to traffic volatility in toll projects
3. Limited diversification beyond transport asset class
4. Potential leverage and refinancing risks over time
Opportunities
1. Growing infrastructure demand driven by economic expansion
2. Expansion into new transport and logistics assets
3. Potential acquisitions of additional operational road projects
4. Increasing investor appetite for yield-focused instruments
Threats
1. Regulatory and policy changes impacting infrastructure sector
2. Economic slowdowns reducing traffic and toll collections
3. Interest rate fluctuations affecting financing costs
4. Competition from other infrastructure investment trusts and funds
1. Diversified road assets across multiple Indian states
2. Stable cash flows from annuity and toll projects
3. Strong institutional sponsor and experienced asset manager
4. Growing infrastructure demand supporting long-term revenue visibility
Citius Transnet Investment Trust operates within India’s expanding transport infrastructure sector, supported by strong government focus on road development and connectivity. With a diversified portfolio of toll and annuity assets across multiple states, the Trust is well positioned to benefit from rising traffic volumes and stable cash flows. Backed by an experienced sponsor and asset manager, it has significant potential for steady income generation and portfolio expansion.
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FAQs
Citius Transnet Investment Trust IPO opens from April 17, 2026, to April 21, 2026.
The size of the Citius Transnet Investment Trust IPO is ₹1,340.00 Cr.
The price band of Citius Transnet Investment Trust IPO is yet TBA.
To apply for Citius Transnet Investment Trust IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Citius Transnet Investment Trust. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Citius Transnet Investment Trust IPO is shares and the investment required is yet TBA.
The share allotment date of Citius Transnet Investment Trust IPO is April 24, 2026
The Citius Transnet Investment Trust IPO will likely be listed on April 29, 2026.
Axis Capital Ltd is the book running lead managers for Citius Transnet Investment Trust IPO.
Citius Transnet Investment Trust IPO plans to utilise the raised capital from the IPO for:
1. Partial or full acquisition of securities in SRPL and selected Project SPVs, namely TEL, JSEL, Dhola and Dibang (₹1,000.00).
2. General corporate purposes.