Citius TransNet Investment Trust InvIT IPO Priced Between Rs 99-100 Per Unit: Key Dates and Issue Details Announced

Citius TransNet Investment Trust InvIT IPO Details Announced

The Citius TransNet Investment Trust InvIT Initial Public Offering (IPO) price band has been fixed at ₹99 to ₹100 per unit. The subscription for the IPO is scheduled to begin on Friday, April 17, and will close on Tuesday, April 21. Prior to this, the allocation to anchor investors is scheduled to take place on Thursday, April 16.

IPO Details

The Citius TransNet Investment Trust InvIT IPO has reserved 75% of the shares for qualified institutional buyers (QIB) and 25% for non-institutional investors (NII). The lot size for the IPO is 150 units, with the option to apply in multiples of 150 units thereafter.

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Timeline for IPO

The basis of allotment of shares will be finalized on Friday, April 24. Following this, the company will initiate refunds on Monday, April 27, while the shares will be credited to the demat account of allottees on the same day.

Listing and Listing Date

The Citius TransNet Investment Trust InvIT share price is likely to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Wednesday, April 29.

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Gross Proceeds and Utilization

The gross proceeds of the issue are estimated at ₹1,105 crore. Out of the net proceeds, up to ₹1,000 crore is proposed to be utilized for the partial or full acquisition (or, as applicable, redemption) of securities of SRPL Roads Private Ltd and certain identified project special purpose vehicles (SPVs).

Financial Highlights

Citius TransNet Investment Trust (Trust) is a transport-focused infrastructure investment trust established to acquire, manage, and invest in a portfolio of transport infrastructure assets, including roads, in India. The Trust was settled through a Trust Deed by its sponsor and registered with the Securities and Exchange Board of India (SEBI) on August 1, 2025, in line with InvIT Regulations.

Financially, the Trust's revenue from operations rose to ₹1,987.05 crore in FY2025 from ₹1,773.52 crore in FY2023. Net cash flow from operating activities increased to ₹1,044.95 crore from ₹907.93 crore over the same period.

For the nine months ended December 31, 2025, revenue stood at ₹1,496.36 crore, with operating cash flow at ₹782.02 crore. Additionally, the adjusted enterprise value of the Project SPVs was approximately ₹12,058.80 crore as of December 31, 2025.

Book Running Lead Managers and Registrar

Axis Capital, Ambit Private Ltd, and ICICI Securities are the book running lead managers, while Kfin Technologies Ltd is the registrar of the issue. The units are proposed to be listed on the BSE and NSE.