Citius TransNet Investment Trust IPO
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Citius TransNet Investment Trust IPO details
Schedule of Citius TransNet Investment Trust
| Issue open date | 17 Apr 2026 |
| Issue close date | 21 Apr 2026 |
| UPI mandate deadline | 21 Apr 2026 (5 PM) |
| Allotment finalization | 24 Apr 2026 |
| Refund initiation | 27 Apr 2026 |
| Share credit | 27 Apr 2026 |
| Listing date | 29 Apr 2026 |
| Mandate end date | 06 May 2026 |
| Lock-in end date for anchor investors (50%) | 22 May 2026 |
| Lock-in end date for anchor investors (remaining) | 21 Jul 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Citius TransNet Investment Trust
Citius TransNet Investment Trust is an infrastructure investment trust established to own, operate and invest in road infrastructure assets in India. The Trust has been set up to acquire and manage a portfolio of road projects held through holding companies and special purpose vehicles, which operate under concession agreements with relevant authorities. Its business primarily involves operating and maintaining these road assets and generating income through toll collections, annuity payments and related cash flows from such projects. The Trust is managed by an investment manager and supported by a project manager responsible for execution and operations. It aims to raise funds from investors and deploy them into infrastructure assets in accordance with InvIT regulations, with a focus on stable cash flow generation and distribution to unitholders from the underlying portfolio assets.
Financials of Citius TransNet Investment Trust
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 1105 |
| Fresh Issue – Proceeds go to the company | 1105 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Acquisition of securities (SRPL & identified SPVs: TEL, JSEL, Dhola, Dibang) | 1000 (90.50%) |
| General corporate purposes | 105 (9.50%) |
Strengths
- Diversified portfolio of 10 road assets across multiple states reduces concentration risk.
- Strong operational history with several toll assets operating for over 5–12 years.
- Revenue mix includes both toll and annuity income, providing cash flow visibility.
- Large road network of over 3,400 lane kilometres supports scale and revenue generation.
- Backed by an experienced sponsor and investment manager with strong infrastructure expertise.
Risks
- The Trust has no operating track record and may not achieve expected performance.
- Past losses may continue and negatively impact financial condition and cash flows.
- Revenue is concentrated in a few SPVs, increasing dependency risk.
- Dependence on annuity payments from government authorities exposes payment risk.
- Financial projections and statements may not reflect future performance accurately.
Allotment Status for Citius TransNet Investment Trust
To check your IPO allotment status:
- Visit the Kfin Technologies IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Citius TransNet Investment Trust
According to media reports (Link), Citius TransNet Investment Trust is seeing no premium in the grey market. Since GMP is an unreliable indicator, IPO subscription data from the exchanges offers a more accurate view of market demand.
Subscription numbers as of 05:00 PM on April 21, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 334.85 | 4912.58 | 14.67x |
| Other investors | 279.04 | 1483.32 | 5.32x |
| Total | 613.89 | 6395.89 | 10.42x |