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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Acquisition of SPV securities
Partial or full acquisition of securities of SRPL and identified project SPVs, including TEL, JSEL, Dhola and Dibang.
General corporate purposes
Funding general corporate requirements of the trust.
No lots distribution added yet.
(₹ in Crore)
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Citius Transnet Investment Trust is an infrastructure investment trust set up to own and operate transport infrastructure in India, with an initial focus on operational road assets. It is registered with SEBI as an InvIT and pools capital from unitholders to acquire and manage a portfolio of highway projects that are held through special purpose vehicles. Its starting portfolio comprises ten operational road projects spread across nine Indian states, together spanning roughly 3,406.71 lane kilometres. Seven of these are toll roads (about 3,043.22 lane kilometres) and three are annuity based projects (about 363.49 lane kilometres), giving the trust a mix of traffic linked toll income and fixed annuity receipts from government authorities. The trust is sponsored by Epic TransNet Infrastructure Private Limited (earlier known as Watrak Infrastructure Private Limited) and is managed by EAAA Transinfra Managers Limited, part of the Edelweiss Alternatives platform. Proceeds from the public issue are used mainly to acquire securities of its road holding companies, with the trust intending to pass cash flows from these assets to unitholders while pursuing further acquisitions over time. Note that the underlying portfolio has reported accounting losses and a negative net worth in recent years, driven largely by depreciation and finance costs common to large road platforms.
Ahead of the issue the trust allotted about 4.97 crore units at Rs 100 each to 24 anchor investors, raising close to Rs 497.24 crore. The anchor book included names such as Prazim Trading and ASKWA Income Opportunities Fund, alongside several pension funds, mutual funds and insurers.
Source: RHP • Analysis provided for informational purposes
Last Updated: 9 July 2026, 5:30 AM
Diversified road portfolio
The trust holds ten road assets across nine states, which spreads traffic and regional exposure rather than relying on a single corridor.
Long operating history
Several of the underlying toll and annuity roads have been operational for years, giving a track record of collections.
Mixed toll and annuity income
A combination of toll and fixed annuity revenue lends a degree of cash flow visibility across the portfolio.
Large network scale
With more than 3,400 lane kilometres under management, the trust operates at meaningful scale.
Experienced sponsor and manager
The vehicle is backed by an infrastructure focused sponsor and an established alternatives manager.
No standalone track record
As a newly formed trust it has no operating history of its own and may not perform in line with projections.
History of losses
The underlying business has reported losses and a negative net worth, which could persist and weigh on distributions.
Revenue concentration
A large share of income comes from a few project SPVs, increasing dependence on those specific assets.
Citius Transnet Investment Trust InvIT
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Government payment dependence
Annuity roads rely on timely payments from government authorities, exposing the trust to counterparty and delay risk.
Projection uncertainty
Financial projections and historical statements may not reliably indicate future results.