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Citius Transnet InvIT IPO will open April 17-21 at Rs. 99-Rs. 100, targeting Rs. 1,105 crore with strong revenue growth.
Mehul Telecom IPO opens the same dates at Rs. 96-Rs. 98, raising Rs. 28 crore.
Leapfrog Engineering IPO opens April 23-27 with solid Rs. 16.22 crore profit and low 0.38 debt ratio.
The Indian market is preparing for a busy week as three different companies prepare to launch their Initial Public Offerings (IPOs) in late April 2026. These opportunities range from large infrastructure investment trusts to smaller telecommunications and engineering firms. If you are looking to invest, it is important to understand the timing, pricing, and financial health of these businesses.
Here is a detailed look at what is coming to the IPO market.
The largest player entering the scene is the Citius Transnet Investment Trust. This is not a typical company but an Infrastructure Investment Trust (InvIT) that focuses on the transport sector. The trust manages and invests in major projects like roads and highways. Currently, it oversees ten road projects, including many toll roads that cover thousands of kilometers across India.
This IPO is scheduled to open for subscription on April 17 and will close on April 21, 2026. The trust aims to raise a huge amount of Rs. 1,105 crores. The price for each share is set between Rs. 99 and Rs. 100. If you want to apply, you will need to bid for at least 150 shares, which means a minimum investment of Rs. 15,000.
Financially, the trust has shown steady revenue growth, bringing in over Rs. 2,165 crores in 2025. While it is currently reporting a loss, the gap is shrinking compared to previous years. Most of the money raised from this IPO will go toward buying securities of specific project companies and general corporate needs. Investors can expect the shares to list on both the BSE and NSE on April 24, 2026.
On the smaller side of the market, Mehul Telecom is launching its IPO on the same dates as Citius Transnet. This company is a well-known mobile retail chain that sells smartphones and accessories from all the big brands like Apple, Samsung, and OnePlus. The telecom firm uses a mix of company and franchise-owned stores to reach customers.
Mehul Telecom is looking to raise about Rs. 28 crores through the BSE SME platform. The price band for this issue is Rs. 96 to Rs. 98 per share. It is an SME IPO, the entry barrier is higher for retail investors. The minimum lot size is 2,400 shares, needing an application amount of Rs. 2,35,200.
Unlike the larger InvIT, Mehul Telecom is already making a good profit. Its profit jumped from Rs. 2.19 crores in 2024 to over Rs. 6 crores in 2025. The company plans to use the funds mainly to meet its working capital needs, which will help it stock more products and potentially grow its store count.
Later in the month, Leapfrog Engineering Services will open its doors to investors from April 23 to April 27, 2026. This company has been around since 2005 and provides integrated engineering and construction services. The company works with high-growth industries like Pharmaceuticals, Oil and Gas, and Food Processing. It handles everything from electrical solutions to fire safety systems.
While the exact price band for this IPO is yet to be announced, Leapfrog Engineering Services has shared strong financial results. In 2025, the company reported a profit of Rs. 16.22 crores. Its debt-to-equity ratio is quite low at 0.38, which shows it is in a stable financial position.
Leapfrog Engineering plans to use the IPO proceeds to set up a new assembly unit and handle its daily operational costs. The shares are expected to list on the BSE SME platform on April 30, 2026. This could be a good pick for those interested in the industrial and engineering growth of the country.
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Investors have choices across different sectors and scales as these three IPOs hit the market. Citius Transnet offers a way to play the long-term infrastructure game. Mehul Telecom taps into the busy consumer electronics market, and Leapfrog Engineering focuses on specialized industrial services.
Before putting your money in, remember to check the allotment dates. For Citius and Mehul, the allotment happens on April 22, while Leapfrog will finalize its list on April 28. Always look at the long-term potential of these firms rather than just looking for quick gains. The financial reports suggest these businesses are building for the future.
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1. What is the latest IPO news?
The IPO market is active with three key offerings. Citius Transnet InvIT and Mehul Telecom IPOs open from April 17 to April 21, 2026. Leapfrog Engineering IPO will open later from April 23 to April 27. These IPOs cover infrastructure, telecom retail, and engineering sectors, giving investors different choices.
2. Should I invest in the Citius Transnet InvIT IPO?
Citius Transnet InvIT offers exposure to road and transport infrastructure. It has steady revenue growth, crossing Rs. 2,165 crore in 2025, but it is still reporting losses, though they are shrinking. This IPO may suit long-term investors who want stable income from infrastructure assets rather than quick gains.
3. What is the listing date of the Leapfrog Engineering IPO?
The Leapfrog Engineering IPO is expected to list on April 30, 2026. The shares will be listed on the BSE SME platform. After allotment on April 28, investors can expect shares to be credited to their demat accounts before the listing date.
4. Are there any affordable IPOs?
Yes, Citius Transnet InvIT is relatively affordable with a minimum investment of around Rs. 15,000. On the other hand, Mehul Telecom requires a much higher amount of about Rs. 2.35 lakh due to its large SME lot size. Leapfrog Engineering details on minimum investment are not yet available.
5. Which IPO is best for long-term investment?
Each IPO serves a different purpose. Citius Transnet InvIT is suited for long-term infrastructure exposure. Mehul Telecom shows strong profit growth and may benefit from retail demand. Leapfrog Engineering looks stable with consistent profits and low debt. The best choice depends on your risk level and goals.
