Upcoming IPOs: Citius TransNet InvIT issue to open amid muted pipeline; one listing lined up

Upcoming IPOs: The week commencing April 13 is expected to remain quiet on the mainboard IPO front. That said, primary market activity will still see some movement with Citius TransNet Investment Trust, a transport-focused InvIT (infrastructure investment trust), gearing up to open its public issue.

Citius TransNet InvIT IPO to open April 17

The Citius TransNet InvIT IPO will open for public subscription on April 17, 2026, and close on April 21, 2026. The Rs 1,340 crore issue is entirely a fresh issue, aimed at strengthening its portfolio of transport infrastructure assets.

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The allotment is expected to be finalised on April 22, with a tentative listing on April 24 on both the BSE and NSE. The price band for the issue is yet to be announced.

Citius TransNet Investment Trust is focused on acquiring and managing transport infrastructure assets, particularly road projects. Its initial portfolio includes 10 road assets—seven toll-based and three annuity-based—spanning over 3,400 lane kilometres across nine states.

The InvIT is managed by EAAA TransInfra Managers Limited, part of the EAAA Alternatives platform, which has significant experience in managing infrastructure and yield-focused investments.

Ongoing IPO:

Om Power Transmission IPO to close on April 13

Meanwhile, the primary market will also see listing activity. The Om Power Transmission IPO, which is currently open for subscription, is set to close soon.

The Om Power Transmission IPO, worth around Rs 150 crore, is currently open for public subscription and will close on April 13. The issue comprises a mix of fresh shares and an offer-for-sale.

The IPO is priced in the range of Rs 116 to Rs 175 per share, with a minimum lot size of 85 shares, translating to a minimum investment of Rs 14,875 at the upper band.

The allotment is expected to be finalised on April 15, and the stock is likely to debut on the exchanges on April 17, 2026.

The IPO has reserved nearly:

• 50 per cent of the net offer for Qualified Institutional Buyers (QIBs)
• 15 per cent for Non-Institutional Investors (NIIs)
• 35 per cent for Retail Investors (RIIs)

Incorporated in June 2011, Om Power Transmission Limited, a Gujarat-based EPC player, specialises in high-voltage and extra-high voltage transmission projects, offering end-to-end services from design and engineering to commissioning and maintenance.

The company has over 14 years of experience in executing high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations, and underground cabling projects on a turnkey basis.

Its services cover the full project cycle, including design, engineering, supply, erection, installation, testing, commissioning, and operation and maintenance (O&M).

With no mainboard IPOs lined up, overall activity in the primary market is expected to stay subdued next week. However, the launch of the InvIT issue and an upcoming listing will lend some momentum to the segment.

Investors are likely to keep an eye on subscription trends, pricing clarity, and listing performance, even as the broader IPO pipeline remains relatively muted for now.