Citius TransNet InvIT Files IPO to Expand India's Road Infrastructure Portfolio

Mumbai-based Citius TransNet Investment Trust, a transport-focused Infrastructure Investment Trust (InvIT), has filed its Draft Offer Document with the Securities and Exchange Board of India (SEBI) for a public offering totaling up to ₹1,340 crore. The offering includes a strategic investor allocation of up to 25% and aims to raise ₹1,235 crore through fresh issuance to fund the acquisition of securities in several transportation infrastructure projects and companies. Founded under SEBI regulations in August 2025, the Trust manages a diversified portfolio of premium road assets across India, initially encompassing 10 toll and annuity road assets spread over nine states, amounting to over 3,400 lane-kilometers. The Trust’s sponsor, Epic TransNet Infrastructure Private Limited, is owned by Infrastructure Yield Trust, an Alternative Investment Fund managed by EAAA India Alternatives Limited, a prominent infrastructure investment manager in India. The asset management team, comprising 26 experts supported by 346 operational staff and 76 investment professionals, oversees toll collection, concession compliance, maintenance, and technology-driven monitoring to optimize performance. Financially, the Trust reports rising revenue, EBITDA, and margin trends supported by a 6.52% compound annual growth rate in average daily traffic across toll assets from fiscal years 2023 to 2025, reflecting strong operational momentum. The public offer is managed by Axis Capital, Ambit Private Limited, and ICICI Securities, with units set to be listed on the Bombay Stock Exchange and National Stock Exchange, aligning with broader infrastructure growth strategies in India's market.