Raajmarg Infra Investment Trust InvIT IPO price band set at ₹99-100 per unit; check key dates, issue details
Raajmarg Infra Investment Trust InvIT IPO price band is set at ₹99 to ₹100 per unit. Subscription opens March 11 and closes March 13, with allocations for anchor investors on March 10. 75% of shares are reserved for QIBs and 25% for NIIs.
Raajmarg Infra Investment Trust InvIT IPO price band: The Raajmarg Infra Investment Trust InvIT IPO price band has been fixed in the range of ₹99 to ₹100 per unit. The Raajmarg Infra Investment Trust InvIT IPO date of subscription is scheduled for Wednesday, March 11 and will close on Friday, March 13. The allocation to anchor investors for the Raajmarg Infra Investment Trust InvIT IPO is scheduled to take place on Tuesday, March 10. The Raajmarg Infra Investment Trust InvIT IPO lot size is 150 units and in multiples of 150 units thereafter.
Raajmarg Infra Investment Trust InvIT IPO has reserved 75% of the shares in the public issue for qualified institutional buyers (QIB), and 25% for non-institutional Institutional Investors (NII).
Tentatively, Raajmarg Infra Investment Trust InvIT IPO basis of allotment of shares will be finalised on Wednesday, March 18, and the company will initiate refunds on Friday, March 20, while the shares will be credited to the demat account of allottees on the same day following refund. Raajmarg Infra Investment Trust InvIT share price is likely to be listed on BSE and NSE on Tuesday, March 24.
Raajmarg Infra Investment Trust InvIT IPO details
According to the Red Herring Prospectus (RHP), the total size of Raajmarg Infra Investment Trust's IPO amounts to ₹6,000 crore, an increase from the originally planned ₹5,700 crore noted in the draft papers submitted in January.
Previously, the NHAI established Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) to serve as the investment management entity for the Raajmarg Infra Investment Trust.
The public InvIT intends to tap into the monetization potential of National Highway assets while establishing a high-quality, long-term investment vehicle mainly aimed at retail and domestic investors.
RIIMPL is a joint initiative with equity contributions from prominent banks and financial institutions such as State Bank of India, Punjab National Bank, NaBFID, Axis Bank, Bajaj Finserv Ventures Ltd., HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank, and Yes Bank.
Company details
Established as an infrastructure investment trust, Raajmarg Infra Investment Trust (“Trust”) is officially registered with SEBI as per the InvIT Regulations since December 22, 2025. The Trust has been set up to acquire, manage, and maintain operational road infrastructure assets across India.
The toll road portfolio includes routes such as Gorhar to Barwa Adda, Chilakaluripet to Vijayawada, the Chennai Bypass, Chennai to Tada, and Nelamangala to Tumkur. The Trust is backed by the National Highways Authority of India (NHAI), which operates under the Ministry of Road Transport and Highways, Government of India.
The toll road portfolio consists of five operational toll road assets established under the Toll Operate Transfer (TOT) model by NHAI. These assets are situated in the states of Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka, and they are part of the Golden Quadrilateral network, collectively spanning about 260.198 km.
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