Citius TransNet InvIT informed the bourses that it allocated 4,97,24,850 Units at Rs 100 per Unit to anchor investors.
FinTech BizNews Service
Mumbai, April 16, 2026: Citius TransNet Investment Trust, which is a transport sector-focused infrastructure investment trust (“Citius TransNet InvIT”), established with an objective to acquire, manage and invest in a portfolio of transport infrastructure assets, including roads, in India, has successfully raised Rs 4,972 million from anchor investors today, ahead of its initial public offering that opens for public subscription on April 17, 2026.
Citius TransNet InvIT informed the bourses that it allocated 4,97,24,850 Units at Rs 100 per Unit to anchor investors.
Citius TransNet InvIT has received interest from a diversified group of investors such as Prazim Trading, ASKWA Income Opportunities Fund, pension & provident funds, namely, HDFC Pension, SBI Pension, ICICI Prudential Pension, DSP Pension and Larsen & Toubro Provident Fund.
There was also participation from Mutual Funds across equity, hybrid and multi-asset schemes, namely, WhiteOak, DSP, Quant and Axis mutual fund.
Insurance investors are Bajaj Life, Axis Max Life, Bharti AXA and IndusInd General. Other participant included Nuvama Wealth.
Axis Capital, Ambit Private Limited and ICICI Securities are the book running lead managers, and Shardul Amarchand Mangaldas is the legal counsel to Citius TransNet InvIT.
IPO Details
The Gross Proceeds of the Issue are estimated to be Rs 11,050.00 million.
The Issue of the Trust will open on April 17, 2026 for subscription and close on April 21, 2026.
Investors can bid for a minimum of 150 Equity Shares and in multiples of 150 Equity Shares thereafter.
About Citius TransNet Investment Trust
Citius TransNet Investment Trust (“Trust”), is a transport sector-focused infrastructure investment trust (“InvIT”), established with an objective to acquire, manage and invest in a portfolio of transport infrastructure assets, including roads, in India. It was settled by way of the Trust Deed, by the Sponsor, and registered as an InvIT with SEBI on August 1, 2025, in accordance with the provisions of the InvIT Regulations.
The sponsor of the Trust is Epic TransNet Infrastructure Private Limited (formerly known as Watrak Infrastructure Private Limited) (“Sponsor”). The Sponsor is wholly-owned by the schemes of Infrastructure Yield Trust (that is, Infrastructure Yield Plus II, Infrastructure Yield Plus IIA and India Infrastructure Yield Plus II), an alternate investment fund managed by EAAA India Alternatives Limited (“EAAA”).
The sponsor group comprises the Sponsor, Infrastructure Yield Trust (through its schemes Infrastructure Yield Plus II, Infrastructure Yield Plus IIA and India Infrastructure Yield Plus II), Epic Transnet Project Management Private Limited (formerly known as Chennai-Tada Tollway Private Limited) (“Project Manager”), and Neelambur Madukkarai Tollway Private Limited.
The investment manager of the Trust is EAAA TransInfra Managers Limited (“Investment Manager”). The Investment Manager is a wholly-owned subsidiary of EAAA.
Subject to completion of the formation transactions, its initial portfolio of road assets will comprise 10 toll and annuity projects, together with the relevant project special purpose vehicles ( “Project SPVs”) through which they are held, and Epic Concesiones 3 Private Limited and SRPL, the holding companies of all Project SPVs (the “HoldCos”, and together with Project SPVs, “Initial Portfolio Assets”), except for one Project SPV, Thrissur Expressway Limited, which will be held directly by the Trust. The Initial Portfolio Assets comprise a total of 3,406.71 lane-kms (seven toll assets spanning more than 3,043.22 lane-kms, and three annuity assets spanning more than 363.49 lane-kms) across nine different Indian states as of the date of the Offer Document.
The Trust has a large and well-dispersed portfolio of Project SPVs with toll and annuity assets contributing 82.30% and 17.70% towards its total cash revenue receipts for the Financial Year 2025, respectively, with a long operating history (10.13 years for the toll assets), and residual concession life (weighted average residual life by enterprise value weight of 12.93 years for toll assets) as of December 31, 2025, and proven track record of traffic growth (AUM weighted annual average daily traffic PCU growth of 7.10%, excluding Panipat Elevated Corridor Private Limited on account of its short residual life) between the Financial Year 2023 and 2025 –as per the CRISIL Report. The Trust believes that the Project SPVs have a strong operational history as four of its toll assets have a tolling history of more than 12 years and two of its other toll assets have been collecting toll for over 5 years.
