Citius Transnet Investment Trust (CTIT), an infrastructure investment trust, is set to launch its initial public offering (IPO) on April 17, 2026. The Rs 11.05 billion public issue, entirely an offer for sale (OFS), comprises 206.5 million units at a face value of Re 1 each, with a price band of Rs 52-55 per unit.
The IPO will close on April 21, with anchor investor bidding on April 16. Proceeds will go solely to selling unitholders, including promoter Transnet Infrastructure Services Private Limited and other investors. CTIT owns six operational road assets spanning 683.67 km across six states, developed under the hybrid annuity model (HAM) by the National Highways Authority of India (NHAI).
Funds raised will support debt repayment and general corporate purposes. Yes Securities leads the issue, with Nuvama Wealth Management, ICICI Securities, and KFin Technologies as registrars.
Eligibility requires a minimum bid of 273 units (about Rs 15,000), in multiples thereafter. Retail investors can bid up to Rs 0.2 million; non-institutional up to 13.99 per cent; and qualified institutional buyers 50 per cent.