Citius Transnet InvIT IPO is now open. The company aims to raise Rs 1,105 crore. Investors are showing interest in infrastructure assets that generate income. The IPO offers units at a price band of Rs 99-100. Proceeds will fund asset acquisitions. The trust operates road infrastructure across nine states. This offering targets yield-focused investors.

Citius Transnet InvIT IPO opens today. Check price band, subscription and other details

Citius Transnet Investment Trust's InvIT IPO opened for subscription on Friday, with the company looking to raise Rs 1,105 crore through a fresh issue, amid growing investor interest in yield-generating infra assets. The InvIT has set a price band of Rs 99-100 per unit, with the issue entirely comprising a fresh issuance of 11.05 crore units.

The offer will close on April 21, while allotment is expected on April 24 and listing is scheduled for April 29 on the BSE and NSE. The issue is structured with up to 75% reserved for institutional investors and the remaining at least 25% for non-institutional investors, reflecting the typical allocation framework for InvITs.

Citius Transnet InvIT focuses on operating road infrastructure assets, with a portfolio spanning 3,406.71 lane-kilometres across nine states. The portfolio includes a mix of seven toll projects and three annuity-based projects, providing a blend of traffic-linked and fixed revenue streams.

The trust is sponsored by Epic TransNet Infrastructure, backed by funds managed by EAAA India Alternatives, a key player in India’s infrastructure investment space. The sponsor pedigree and asset base are expected to provide stability to cash flows, a key consideration for InvIT investors.

Proceeds from the issue will be primarily used towards acquisition of project assets and associated securities, with around Rs 1,000 crore earmarked for this purpose, while the rest will go towards general corporate needs.

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Financially, the trust has reported losses in recent years, with a net loss of Rs 219 crore for the nine months ended December 2025, though this is typical for infrastructure investment vehicles during initial phases due to high financing and depreciation costs. Revenue for the same period stood at Rs 1,570 crore.

Unlike traditional IPOs, InvITs are typically evaluated on the basis of cash yield and distribution potential rather than net profit. Investors generally focus on stable cash flows from underlying assets and periodic income distributions.

The timing of the issue comes as infra-focused investment products gain traction among institutional and high-net-worth investors seeking predictable returns amid volatile equity markets.

Axis Capital is the book-running lead manager to the issue, while Kfin Technologies is acting as the registrar.

Investors will closely watch subscription trends, particularly institutional demand, which is considered a key indicator for InvIT offerings. With a diversified road asset portfolio and backing from established infrastructure funds, the issue is expected to draw interest from yield-focused investors.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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