Citius TransNet InvIT, an Infrastructure Investment Trust focused on road assets, is launching its Initial Public Offering (IPO) on April 17, 2026. The offering is a 100% fresh issue of units to expand its portfolio.
IPO Highlights
| IPO Dates | April 17 – April 21, 2026 |
| Price Band | ₹99 – ₹100 per unit |
| Lot Size | 150 Units |
| Min. Investment | ₹15,000 (at the upper price band) |
| Issue Size | ₹1,105 Crore (fresh issue) |
| Listing On | NSE & BSE |
| Listing Date | April 29, 2026 (Tentative) |
About Citius TransNet InvIT
This Trust acquires and manages income-generating road assets in India.
- Portfolio: Manages 10 operational road projects across nine states.
- Revenue Mix: Earns from 7 toll assets (traffic-linked) and 3 annuity assets (fixed payments).
- Management: Sponsored by Epic TransNet and managed by EAAA India Alternatives (over ₹62,000 Cr AUM).
- Growth Pipeline: Holds a Right of First Offer (ROFO) for 11 more road assets.
Financial Snapshot
InvITs are typically evaluated on their ability to generate cash flow. While the Trust has accounting losses due to depreciation (common for infrastructure), its operational cash flow shows a consistent trend.
| Metric (₹ Crore) | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue from Ops | 1,723.52 | 1,873.17 | 1,987.05 |
| EBITDA | 1,084.17 | 1,259.41 | 1,434.95 |
| EBITDA Margin (%) | 57.51% | 61.78% | 66.26% |
| Net Cash from Ops | 907.93 | 939.25 | 1,044.95 |
What will the IPO proceeds be used for?
The ₹1,105 crore raised will be used primarily for:
- ₹1,000 Crore: Acquiring or redeeming securities in existing project SPVs.
- ₹105 Crore: General corporate and administrative purposes.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
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