IPO

Raajmarg Infra Investment Trust InvIT

Mainboard

Listed On: Mar 24, 2026 at ₹ 107.0(NSE)

₹ 15000 /150 Shares
Minimum Investment

Check Allotment

11 Mar, 2026

Open Date

13 Mar, 2026

Close Date

18 Mar, 2026

Allotment Date

24 Mar, 2026

Listing Date
Expected Premium
₹ 3-3.75 (3%)

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Raajmarg Infra Investment Trust InvIT IPO Live Subscription Details
View Subscription Details
QIB 19.14x
Other Investors 6.92x
Total 13.74x
Last updated: 13 Mar 2026, 05:57 PM
Raajmarg Infra Investment Trust InvIT IPO Issue Details
  • Issue Price ₹99-100 per equity share
  • Face Value ₹ Per Equity Share
  • Total Issue Size 60,00,00,000 shares(aggregating up to ₹6000 crore)
  • Fresh Share 60,00,00,000 shares(aggregating up to ₹6000 crore)
  • Listing at BSE, NSE
  • List Price 107.0(NSE)
  • Listing Date 2026-03-24
  • Lead Manager SBI Capital Markets Ltd.
    Axis Capital Ltd.
    ICICI Securities Ltd.
    Motilal Oswal Investment Advisors Ltd.
  • Registrar Kfin Technologies Ltd.
Raajmarg Infra Investment Trust InvIT IPO Details
  • Retail Portion QIB : 75% & NII : 25%
Raajmarg Infra Investment Trust InvIT IPO Reservation

Raajmarg Infra Investment Trust InvIT IPO offers total 600000000 shares. Out of which 116363400 (22.72%) allocated to QIB, 96969750 (18.93%) allocated to NII,NA (NA%) allocated to RII, NA (NA%) allocated to employees and 172800000 (28.8%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 172800000 (28.8%)
QIB Shares Offered 116363400 (22.72%)
NII (HNI) Shares Offered 96969750 (18.93%)
Total Shares Offered 600000000 (100%)
Raajmarg Infra Investment Trust InvIT IPO Documents
Raajmarg Infra Investment Trust InvIT IPO Details


Raajmarg Infra Investment Trust InvIT IPO is a book-built issue of ₹6000 crores, The total issue size is ₹6000 crores. The IPO of Raajmarg Infra Investment Trust InvIT is priced at ₹99-100 per equity share, which has a face value of ₹ Per Equity Share each, IPO bidding starts from Mar 11, 2026 and ends on Mar 13, 2026. The allotment for Raajmarg Infra Investment Trust InvIT IPO will be finalized on Mar 18, 2026. Raajmarg Infra Investment Trust InvIT IPO will be listed on BSE, NSE, with a tentative listing date fixed as Mar 24, 2026. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Ltd. is the registrar of the issue.

The book-running lead manager for the IPO is/are SBI Capital Markets Ltd., Axis Capital Ltd., ICICI Securities Ltd., Motilal Oswal Investment Advisors Ltd..

The total issue ₹6000 crore, comprising a fresh issue of 60,00,00,000 shares ₹6000 crore
The Raajmarg Infra Investment Trust InvIT IPO sets its price band at 99-100 for each share. A single application for Raajmarg Infra Investment Trust InvIT must contain at least 150 shares.

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Raajmarg Infra Investment Trust InvIT IPO Subscription Analysis And Details
QIB
19.14x
NII
6.92x
Total
13.74x
As on QIB NII
bNII   sNII
Retail Total
Shares Offered / Reserved 11,63,63,400 9,69,69,750
0    0
0 21,33,33,150
Day 1 11-03-26 05:00 PM
0.08 x 0.07 x
0.00 x   0.00 x
0.00 x 0.08 x
Day 2 12-03-26 05:00 PM
0.62 x 1.47 x
0.00 x   0.00 x
0.00 x 1.05 x
Day 3 13-03-26 05:00 PM
19.14 x 6.92 x
0.00 x   0.00 x
0.00 x 13.74 x

Total No of Applications
54,796
Subscription on the basis of Applications
Retail:0x
Raajmarg Infra Investment Trust InvIT Valuations
EPS Pre IPO ₹/-
EPS Post IPO ₹/-
Raajmarg Infra Investment Trust InvIT Company Financials
In Crs.
In Cr.
31-Mar-24 31-Mar-23 31-Mar-22
About Raajmarg Infra Investment Trust InvIT Company

Raajmarg Infra Investment Trust (Trust) has been incorporated as an infrastructure investment trust and has registered with SEBI under the InvIT Regulations on December 22, 2025. It has been formed for the acquisition, operation, and maintenance of existing road infrastructure assets located in India.

The toll roads of the Trust consist of the following stretches of toll roads:
Gorhar to Barwa Adda
Chilakaluripet – Vijayawada
Chennai Bypass
Chennai – Tada
Nelamangala – Tumkur

The Trust has been sponsored by the National Highways Authority of India (NHAI), which is an autonomous authority under the Ministry of Road Transport and Highways, Government of India. It has also appointed the Investment Manager, who has a team of qualified professionals with over two decades of experience in the roads and highways sector.
The Trust has planned an initial portfolio of five existing toll road assets, which have been developed under the Toll Operate Transfer model of the National Highways Authority of India. These toll roads are located in the states of Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka, forming part of the Golden Quadrilateral, with a total length of approximately 260.198 km.

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Raajmarg Infra Investment Trust InvIT - Promoter(s)

Pre Issue Share Holding : N/A%

Post Issue Share Holding : N/A%

Raajmarg Infra Investment Trust InvIT IPO - Issue Objectives
1

Infusion of debt and equity into the Project SPV, which shall be utilized by the Project SPV for the payment of concession value of the InvIT Assets to NHAI

2

General purposes

Raajmarg Infra Investment Trust InvIT IPO - Anchor Investors

Raajmarg Infra InvIT raises ₹1,728 crore from anchor investors.
Anchor Investors include LIC, ICICI Prudential Life Insurance, Kotak Mahindra Life Insurance, and Bajaj Life Insurance.
Other key investors include Aditya Birla Sun Life Insurance, Tata AIG General Insurance, Kotak Mahindra Bank, and various schemes of NPS Trust managed by SBI, UTI, ICICI Prudential, and Kotak Pension Funds.
Mutual Funds such as HDFC MF, Nippon India MF, Axis MF, Aditya Birla Sun Life MF, DSP, Quant, WhiteOak Capital, and Edelweiss also invested in this issue. In addition to this, investments were also received from the provident fund of Indian Oil Corporation, Sebi employees, and Maharashtra State Electricity Board.

Contact Details

Raajmarg Infra Investment Trust InvIT

G - 5 & 6, Sector 10 Dwarka New Delhi, New Delhi, 110075

2507 4100-1524

compliance@riimpl.in

https://www.raajmarginfratrust.in/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

riimpl.invit@kfintech.com

https://ipostatus.kfintech.com/