Citius Transnet Investment Trust to open Rs 1,105 crore IPO on April 17

Citius TransNet Investment Trust, the transport sector-focused infrastructure investment trust managed by EAAA TransInfra Managers (part of the EAAA Alternatives platform), will open its maiden public issue amounting to Rs 1,105 crore for subscription on April 17. The price band for the InvIT offer has not been announced yet.

The initial public offering (IPO) will close on April 21. The IPO share allotment will be finalised by April 24, while Citius TransNet units will be available for trading on the bourses effective April 29.

Citius TransNet Investment Trust has been established with an objective to acquire, manage and invest in a portfolio of transport infrastructure assets, including roads, in India.

The Epic Transnet Infrastructure-sponsored infrastructure investment trust (InvIT) has been registered with the Securities and Exchange Board of India (SEBI) on August 1, 2025. The Trust has received in-principle approvals from the stock exchanges on February 3, 2026.

Up to 75 percent of the offer size has been reserved for institutional investors, and the remainder 25 percent for non-institutional investors.

The InvIT's initial portfolio of road assets will comprise 10 toll and annuity road projects - spanning 3,406.71 lane-kilometers held through special purpose vehicles (the project SPVs), and holding companies - Epic Concesiones 3 Private Limited and SRPL Roads Private Limited - of all project SPVs. This excludes one project SPV, Thrissur Expressway Limited which will be held directly by the InvIT.

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Currently the said project SPVs are held directly or indirectly by alternate investment funds managed by EAAA India Alternatives, the alternatives platform operating alternative asset classes with assets under management (AUM) of Rs 68,175 crore as of December 2025, focusing on providing income and yield solutions to global pension funds, insurance companies and ultra-high net worth individuals. EAAA TransInfra Managers, the investment manager, is a wholly owned subsidiary of EAAA India Alternatives.

Citius TransNet Investment Trust will utilise Rs 1,000 crore proceeds from the IPO for partial or full acquisition of securities of SRPL (holding company), and certain project SPVs - Thrissur Expressway, Jorabat Shillong Expressway, Dhola Infra Projects and Dibang Infra Projects. And the remaining amount will be used for general purposes.

Axis Capital, Ambit, and ICICI Securities are appointed as the lead managers for managing the Citius TransNet Investment Trust IPO.