Citius TransNet InvIT IPO 2026 — Apply or Not & Check GMP
Latest Grey Market Premium & IPO Details
Citius Transnet InvIT IPO 2026 – Key Info & Highlights
Citius TransNet InvIT IPO 2026 — ₹1105 Cr issue listing on BSE & NSE. Check IPO date, price band, lot size, GMP & subscription status. Don't miss out!
📌 IPO Details
| Company Name | Citius Transnet InvIT IPO |
|---|---|
| Sector / Industry | Road Assets–Toll, Annuity, Hybrid-Annuity |
| IPO Open Date | 17-04-2026 |
| IPO Close Date | 21-04-2026 |
| Allotment Date | 24-04-2026 |
| Refund Date | 27-04-2026 |
| Share Credit Date | 27-04-2026 |
| Listing Date | 29-04-2026 |
| Price Band | ₹99 - ₹100 |
| Lot Size | 150 Shares |
| Min Investment | ₹15000 |
| Net Issue Size | ₹1105 Cr |
| Fresh Issue | ₹1105 Cr |
| IPO Listing At | BSE NSE |
| DRHP | View DRHP |
| RHP | View RHP |
| Anchor List | https://ipoinfoindia.com/uploads/anchor-doc/citius-transnet-invit-anchor-20260420100408-9686.pdf |
| Issue Type | Book Build Issue |
* All Dates are provisional
Quota Allocation
| Category | Allocation (%) |
|---|---|
| Retail Investors | - |
| QIB (Qualified Institutional Buyers) | 75% |
| HNI (High Net Worth Individuals) | 25% |
📈 Grey Market Premium (GMP) Day-wise Trend
| GMP Date | GMP Price | Trend | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 29-04-2026 | ₹3.50 | - | ₹103.50 | ₹525.00 | 29-04-2026 09:40 |
| 28-04-2026 | ₹3.50 | ▼ | ₹103.50 | ₹525.00 | 28-04-2026 23:00 |
| 27-04-2026 | ₹3.60 | ▲ | ₹103.60 | ₹540.00 | 27-04-2026 23:00 |
📝 About Citius Transnet InvIT
Citius TransNet Investment Trust — India's Premier Transport Infrastructure InvIT
Citius TransNet Investment Trust is a SEBI-registered Infrastructure Investment Trust (InvIT) purpose-built to tap into India's rapidly expanding road and highway sector. With a mandate to acquire, manage, and operate high-quality transport infrastructure assets, the Trust is designed to deliver stable, long-term income and consistent distributions to its unitholders — making it one of the most compelling yield-focused investment opportunities in India's infrastructure space today.
A Large, Diversified, and Battle-Tested Portfolio
The Trust's initial portfolio spans 3,406 lane-kilometers across nine Indian states, comprising 10 road assets with strong operational histories. Of these, seven are toll-based projects covering over 3,043 lane-kilometers, generating revenue directly linked to India's growing traffic volumes and economic activity. The remaining three are annuity-based projects covering over 363 lane-kilometers, backed by fixed semi-annual payments from NHAI and MoRTH — providing government-backed, near-predictable cash flows that balance the overall portfolio risk profile.
This dual-asset model — combining traffic-linked upside with government-backed stability — is what sets Citius TransNet apart from single-strategy infrastructure funds.
Backed by One of India's Top Alternative Asset Platforms
The Trust is sponsored by Epic TransNet Infrastructure Private Limited, backed by funds managed and advised by EAAA India Alternatives Limited (formerly Edelweiss Alternative Asset Advisors Limited). EAAA is one of India's leading alternative asset managers, with over 15 years of experience in Indian private alternatives and an AUM exceeding ₹629 billion as of June 30, 2025. Its investor base includes global pension funds, insurance companies, ultra-high-net-worth individuals, and institutional investors — a testament to the platform's credibility and execution track record.
Professionally Managed with In-House Infrastructure Expertise
Day-to-day operations and investment decisions are managed by EAAA TransInfra Managers Limited (ETML), the designated Investment Manager. With an on-ground team of 340+ professionals operating across the Trust's Project SPVs, ETML brings full-spectrum capabilities — from asset diligence and capital allocation to technology-driven operations and maintenance — ensuring that each asset in the portfolio is actively managed for maximum efficiency and yield.
Built for Growth — With a Clear ROFO Pipeline
Beyond the initial portfolio, the Trust has a well-defined growth runway. A Right of First Offer (ROFO) pipeline of 11 Hybrid Annuity Mode (HAM) road projects spanning approximately 2,380 lane-kilometers — all with NHAI as the counterparty — gives the Trust a structured and credible path to portfolio expansion without relying on speculative deal-making.
Why Citius TransNet InvIT Stands Out
India's infrastructure sector is at an inflection point, with government spending on roads crossing ₹2.7 lakh crore annually. Citius TransNet Investment Trust is uniquely positioned to capture this long-term growth story — offering investors a regulated, SEBI-compliant structure with mandatory distribution requirements, transparent governance, and access to operational road assets that are already generating revenue.
For investors seeking stable yields, inflation-linked cash flows, and exposure to India's infrastructure growth, Citius TransNet Investment Trust represents a well-structured, institutionally-backed, and professionally managed investment vehicle built for the long term.
Citius Transnet InvIT Revised Financials
Financial Performance (Recent Years)
| Particulars | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 8,074.34 | 8,371.04 | 10,307.89 | 11,396.95 |
| Total Income | 1,570.39 | 2,165.62 | 2,038.53 | 1,885.30 |
| Profit After Tax | -219.05 | -417.75 | -774.12 | -654.01 |
| Net Worth | -3,312.88 | -3,692.65 | -1,135.60 | -413.41 |
| Reserves & Surplus | -4,044.04 | -4,152.17 | -2,255.60 | -1,539.13 |
Note: Negative figures indicate losses or negative reserves/net worth. All values are in ₹ Cr.
Citius Transnet Investment Trust Objects of Issue
- Acquisition of Project SPVs – ₹1,000.00 Cr for partial or full acquisition of securities of SRPL and certain identified project SPVs, namely TEL, JSEL, Dhola, and Dibang, to strengthen the infrastructure portfolio.
- General Corporate Purposes – Remaining funds will be utilized for general corporate needs, including administrative expenses and operational requirements.
Citius Transnet Investment Trust Strengths
- Diversified Road Portfolio – Portfolio includes multiple operational road assets across different states, reducing geographic and traffic concentration risk.
- Stable Cash Flow Model – Combination of toll and annuity-based projects provides predictable and relatively stable income streams.
- Experienced Sponsor & Manager – Backed by EAAA Alternatives Group with strong expertise in infrastructure investment and asset management.
- Operational Assets – Majority of assets are already operational, which reduces execution risk compared to under-construction projects.
- Growth Through Acquisitions – Clear strategy to expand portfolio by acquiring additional SPVs and road assets, supporting long-term growth.
Citius TransNet Investment Trust Risk Factors
- Limited Operating History as a Newly Registered InvIT – Citius TransNet Investment Trust was registered with SEBI only on August 1, 2025, and has no meaningful operating history as a publicly listed InvIT. Investors may find it difficult to assess the Trust's future performance, distribution consistency, or management effectiveness based on historical data alone.
- Continued Losses at the Trust Level – The Trust reported a net loss of ₹417.75 crore in FY2025, an improvement from ₹774.12 crore in FY2024, but losses have persisted. There is no assurance that the Trust will achieve profitability in the near term, which may impact its ability to make regular distributions to unitholders.
- Concentration Risk Across Limited Project SPVs – A significant portion of the Trust's revenues is dependent on a concentrated set of Project SPVs, including TEL, JSEL, Dhola, Dibang, and SRPL. Any underperformance, legal dispute, or operational disruption in one or more of these SPVs could have a disproportionate impact on overall Trust income and distributions.
- Counterparty Risk on Annuity Payments from Government Authorities – Three of the Trust's ten road assets operate under an annuity-based model, where semi-annual payments are received from NHAI or MoRTH. Any delay, dispute, or restructuring of these payments by the government counterparty could adversely affect the Trust's cash flows and its ability to meet distribution commitments.
- Traffic Volume and Toll Revenue Uncertainty – Seven of the Trust's assets are toll-based, making their revenues directly dependent on traffic volumes. Factors such as economic slowdowns, the development of alternate routes, changes in toll notification policies, or shifts in freight movement patterns could reduce toll collections and impact overall Trust revenue.
- High Leverage and Debt Servicing Obligations – Infrastructure assets of the nature held by the Trust are typically financed with significant debt at the SPV level. Rising interest rates or refinancing challenges could increase debt servicing costs, constrain distributable cash flows, and limit the Trust's financial flexibility to pursue new acquisitions or capital expenditure.
- Regulatory, Policy, and Concession Agreement Risks – The Trust's operations are governed by concession agreements with NHAI and MoRTH, as well as SEBI InvIT Regulations and applicable infrastructure policies. Any adverse changes in government policy, toll revision frameworks, concession terms, or InvIT regulatory requirements could materially impact the Trust's business model and unitholder returns.
- Uncertainty in Financial Projections and Future Distributions – Projections and estimates regarding traffic growth, toll escalation, asset performance, and distribution yields are based on assumptions that may not materialize. Actual results may differ materially from projected figures, and past performance of the underlying SPVs should not be relied upon as an indicator of future Trust-level returns.
Company Information
Founded in: 2025
MD / CEO: Managed by EAAA TransInfra Managers Limited
Address: Plot 294/3, Edelweiss House, Off CST Road, Kalina, Santacruz East, Mumbai – 400098, Maharashtra, India
Website: https://www.citiustransnet.in/
Phone: +91 22 4019 4700
Email: compliance_citius@eaaa.in
IPO Quick Info
17 Apr 2026
21 Apr 2026
Upcoming
Lead Manager(s)
- Ambit Capital Pvt. Ltd.
- Axis Capital Ltd.
- ICICI Securities Ltd.
Frequently Asked Questions
Citius TransNet Investment Trust is a SEBI-registered InvIT that acquires and manages road and highway assets across India. It currently operates 10 road projects spanning 3,400+ lane-kilometers across nine states, earning revenue through toll collections from traffic and fixed annuity payments from NHAI and MoRTH — delivering stable, recurring income to unitholders.