Citius Transnet Investment Trust was incorporated on July 21, 2025. The Trust is a transport-focused infrastructure investment trust in India, established to acquire, manage, and invest in road and transport assets, and registered as an InvIT with SEBI on August 1, 2025. It is sponsored by Epic TransNet Infrastructure Private Limited, part of the Infrastructure Yield Trust managed by EAAA India Alternatives Limited, a leading infrastructure investment manager with a diversified platform and strong professional team
| Bidding Dates |
|---|
| 17 Apr 2026 - 21 Apr 2026 |
| Subscription |
|---|
| 20.43x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,850 | 1 | 13 | 150 | 110.5 M | ₹99 - ₹100 | - | ₹10939.5 M - ₹11050.0 M | RHP DOC |
Citius TransNet Investment IPO SUBSCRIPTION STATUS
21 Apr '26Citius TransNet Investment IPO overall subscription rate was 20.43 times the total available shares
Citius TransNet Investment IPO non-institutional investor subscription rate was 17.09 times in the non-institutional investor category
Citius TransNet Investment IPO Qualified Institutional Bidder subscription rate was 23.21 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | - | 25% | 75% |
21 Apr 2026 (Day 3) | - | 17.09x | 23.21x |
20 Apr 2026 (Day 2) | - | 1.93x | 0.63x |
17 Apr 2026 (Day 1) | - | 1.11x | 0.3x |
Citius TransNet Investment FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Margins |
| 9MFY26 | 1,496.4 | -219.0 | 72.8% |
| FY25 | 1,987.0 | -417.8 | 66.3% |
| FY24 | 1,873.2 | -774.1 | 61.8% |
| FY23 | 1,773.5 | -654.0 | 57.5% |
Citius TransNet Investment IPO SUBSCRIPTION STATUS DETAILS
Citius TransNet Investment had 110.5 M shares on offer
Citius TransNet Investment IPO offer price was in the range ₹99 - ₹100
Citius TransNet Investment IPO minimum Investment was ₹14850
Citius TransNet Investment IPO issue size was ₹ 10939.5 M - ₹ 11050.0 M
Citius TransNet Investment had a minimum lot size of 150 Shares per application
Citius TransNet Investment NUMBER OF SHARES ON OFFER
Citius TransNet Investment IPO IMPORTANT DATES
| Issue Open Date | 17 Apr 2026 |
| Issue close Date | 21 Apr 2026 |
| Allotment Date | 24 Apr 2026 |
| Refund Date | 27 Apr 2026 |
| Demat Account Credit Date | 27 Apr 2026 |
| Listing Date | 29 Apr 2026 |
| Listing on Exchange(s) | NSE and BSE |
| Citius TransNet Investment Allotment Status | Exchange/ Registrar |
Citius TransNet Investment IPO subscription opened on 17 Apr 2026, and closed on 21 Apr 2026
IPO allotment for Citius TransNet Investment was finalized on Friday, 24 Apr 2026
IPO listing for Citius TransNet Investment was on NSE and BSE on Wednesday, 29 Apr 2026
Citius TransNet Investment IPO LISTING GAINS
| Issue Price (adjusted) | 100.0 |
| Listing Open Price | 104.6 |
| Listing Close Price | 106.2 |
| Listing Gain% | 4.6% |
| Current Gain% | 12.5% |
Citius TransNet Investment Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Citius TransNet Investment Trust | 112.5 | 0 | -5 | 2165.6 | 6.2 | -417.8 | 46 | ||||||
| Knowledge Realty Trust | 115.9 | 51394.7 | 10.5 | 0.9 | 4146.9 | 15.6 | 222.5 | -34.5 | |||||
| Altius Telecom Infrastructure Trust | 172 | 44771.6 | 5.6 | 1.1 | 19623.7 | 47 | 839.9 | -25 | |||||
| Embassy Office Parks REIT | 435.7 | 41297.8 | 1.6 | 0.7 | 4675.8 | 11.8 | 338.5 | -79.2 | |||||
| Bagmane Prime Office REIT | 107.3 | 36475.2 | 56.5 | 12.4 | 2390.9 | 6.9 | 896.5 | 10.8 | |||||
| National Highways Infra Trust | 168 | 32539.1 | 2.9 | 1.3 | 4322.2 | 78.9 | 685.5 | 110.9 |
Citius TransNet Investment IPO Reports
Citius TransNet Investment INFORMATION ON IPO ISSUE
About Citius TransNet Investment
Citius Transnet Investment Trust was incorporated on July 21, 2025. The Trust is a transport-focused infrastructure investment trust in India, established to acquire, manage, and invest in road and transport assets, and registered as an InvIT with SEBI on August 1, 2025. It is sponsored by Epic TransNet Infrastructure Private Limited, part of the Infrastructure Yield Trust managed by EAAA India Alternatives Limited, a leading infrastructure investment manager with a diversified platform and strong professional team
Object of the Issue
- Partial or full acquisition of securities of SRPL and certain identified project SPVs namely TEL, JSEL, Dhola and Dibang
- General purposes
Citius TransNet Investment - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Vidya Basarkod | Independent Director |
| Suresh Gurumani | Independent Director |
| Emandi Sankara Rao | Independent Director |
| Subahoo Chordia | Non-Executive Director |
| Sreekumar Chatra | Non-Executive Director |
| Bhavyang Oza | Whole Time Director & Chief Investment Officer |
Citius TransNet Investment Book Running Lead Manager
Axis Capital Limited
citius.ipo@axiscap.in
Ambit Private Limited
citius.ipo@ambit.co
ICICI Securities Limited
citius.ipo@icicisecurities.com
Citius TransNet Investment Registrar to the Offer
KFin Technologies Limited
citius.invit@kfintech.com
Citius TransNet Investment Strengths
De-risked portfolio
Following the Formation Transactions, the Trust’s Project SPVs will comprise a diversified portfolio of toll and annuity assets with a strong operational track record, generating 82.30% of revenue from toll projects and 17.70% from annuity projects in FY25. The portfolio is further supported by balanced passenger and commercial traffic growth, with freight vehicles contributing the majority of toll revenue, ensuring stable and resilient cash flows
Asset acquisition & investment capabilities
The EAAA platform demonstrates strong expertise in acquiring infrastructure assets through diverse strategies, including bilateral deals, distressed acquisitions, and NCLT processes, resulting in a well-diversified portfolio across asset types and geographies. With a proven track record of acquiring 15 assets from multiple sellers and access to identified ROFO assets, the Trust is well-positioned for sustained future growth
Attractive transport & road sector outlook
India’s transport sector is witnessing strong growth driven by government initiatives, rising private participation, and increasing demand from urbanization and logistics, creating significant opportunities across infrastructure assets. With GDP expected to grow at 6.5%–7.0% annually, the sector is set for sustained expansion, supported by large-scale programs like Bharatmala, Sagarmala, and PM Gati Shakti
Citius TransNet Investment Risks
Traffic disruptions impact toll revenue
Disruptions to connecting roadways, due to construction or maintenance activities beyond the Trust’s control, may impact traffic flow and reduce toll collections. Poor maintenance or closures of these routes could lead to lower traffic volumes, adversely affecting revenue, cash flows, and distributions to unitholders
Regulated tolls limit revenue flexibility
The Trust’s toll revenues depend on regulated user fees and traffic volumes, both of which are influenced by factors beyond its control. Since toll rates are governed by concession agreements and regulatory frameworks, the Trust may be unable to adjust pricing to offset rising costs, impacting overall revenue
Regulatory risks
Failure to comply with InvIT Regulations on investment limits—requiring 80% in operational assets and restricting exposure to other investments—may limit the Trust’s flexibility in acquisitions and portfolio management. Any breach or regulatory changes, including project scope expansions or third-party shareholder actions, could adversely impact its business, financial position, and cash flows
IPO FAQs
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 25.0% and for retail investors it is 0.0%.
The price band of the IPO is Rs 99.0 - 100.0.
The IPO application opens on Apr 17, 2026 and closes on Apr 21, 2026.
The minimum lot size for the IPO is 150. The maximum lot size for the IPO is 1950.
For all category investors, the minimum application amount for this IPO is Rs. 14,850.0, the maximum value for this IPO is Rs 195,000.0.
This IPO will be allotted on Apr 24, 2026.
The refund will be credited to your account on Apr 27, 2026.
The allotted shares will be credited to your demat on Apr 27, 2026.
Citius Transnet Investment Trust’s shares listed on the stock exchanges on Apr 29, 2026.