The Citius Transnet Investment Trust's Infrastructure Investment Trust (InvIT) IPO opened for subscription on April 17, aiming to raise ₹1,105 crore (approximately $133 million USD) through the issuance of 11.05 crore units priced between ₹99 and ₹100 each. However, the grey market premium (GMP) stands at zero, suggesting a flat debut with no immediate listing gains. Early subscription data indicates a lukewarm response, with the issue subscribed only 0.5 times as of Day 1 afternoon, primarily driven by non-institutional investors. The allocation structure reserves 75% for institutional investors and 25% for non-institutional investors. Citius Transnet focuses on road infrastructure assets, managing a diversified portfolio of 3,406.71 lane-kilometres across nine states, but has reported significant net losses, including a loss of ₹219 crore for the nine months ended December 2025. Given the current market conditions and the yield-focused nature of InvITs, the listing is expected to remain around the issue price with limited short-term gains.