Citius TransNet Investment Trust has fixed the price band of ₹ 99 – ₹ 100 per Unit for its Issue. The Issue of the Trust will open on April 17, 2026 for subscription and close on April 21, 2026.
The Gross Proceeds of the Issue are estimated to be ₹ 11,050.00 million. Out of the Net Proceeds from the Issue, up to ₹ 10,000.00 million is proposed to be utilized for partial or full acquisition (or as applicable, redemption) of securities of SRPL Roads Private Limited and certain identified project SPVs namely, Thrissur Expressway Limited, Jorabat Shillong Expressway Limited, Dhola Infra Projects Private Limited and Dibang Infra Projects Private Limited, and the balance for general purposes.
Citius TransNet Investment Trust is a transport sector-focused infrastructure investment trust 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). 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.
Our 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), and Neelambur Madukkarai Tollway Private Limited.
The investment manager of the Trust is EAAA TransInfra Managers Limited. The Investment Manager is a wholly-owned subsidiary of EAAA.
The Trust’s revenue from operations increased to ₹ 19,870.46 million during the Financial Year 2025 from ₹ 17,735.16 million during the Financial Year 2023. Its net cash flow from operating activities increased to ₹ 10,449.52 million during the Financial Year 2025 from ₹ 9,079.25 million during the Financial Year 2023. The Trust’s revenue from operations was ₹ 14,963.64 million and the net cash flow from operating activities was ₹ 7,820.15 million for the nine months ended December 31, 2025. Furthermore, the adjusted enterprise value of the Project SPVs is approximately ₹ 120,588 million as on December 31, 2025.
For the Financial Year 2025, the toll collection(net of revenue share) and the HAM (including all operational ROFO Assets under the HAM framework but excluding the operation and maintenance component of the payments under the respective contracts) and annuity receipts without GST would constitute 56.05% and 43.95% respectively of the combined cash revenue receipts of the Initial Portfolio Assets and all 10 operational Identified ROFO Assets as per the CRISIL Report.
The Trust has experienced team with full spectrum asset management and maintenance capabilities, spanning the entire asset life cycle, backed by tech-enabled operations and maintenance. A combination of the in-house asset management expertise of 350 professionals employed by the Project Manager and Initial Portfolio Assets as of December 31, 2025. Collaborations with premier institutions, including IITs and Central Road Research Institute to introduce and develop new technologies and innovative solutions, strengthening operational efficiency and promoting continuous improvement in O&M practices. The Trust also has an in-house research and development laboratory located in the industrial area of Turbhe, Navi Mumbai.
