Citius Transnet Investment Trust Set to Launch Rs 1,105 Crore Initial Public Offering on April 17

Citius TransNet Investment Trust to Launch Maiden Public Issue

Citius TransNet Investment Trust, an infrastructure investment trust focused on the transport sector, managed by EAAA TransInfra Managers, a part of the EAAA Alternatives platform, will open its maiden public issue for subscription on April 17. The issue amounting to Rs 1,105 crore will be available for subscription until April 21.

The IPO share allotment is expected to be finalized by April 24, and the units of Citius TransNet Investment Trust will be available for trading on the bourses effective April 29. The trust has been established to acquire, manage, and invest in a portfolio of transport infrastructure assets, including roads in India.

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 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.

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Citius TransNet Investment Trust'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 (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.

The project SPVs are currently 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. EAAA TransInfra Managers, the investment manager, is a wholly owned subsidiary of EAAA India Alternatives.

Citius TransNet Investment Trust will utilize 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. The remaining amount will be used for general purposes. Axis Capital, Ambit, and ICICI Securities have been appointed as the lead managers for managing the Citius TransNet Investment Trust IPO.