NHAI-Backed Raajmarg Infra Investment Trust Launches Rs 6,000-Crore IPO on March 11, Priced at Rs 99-100 per Unit

Raajmarg Infra Investment Trust Unveils Rs 6,000-Crore IPO

Raajmarg Infra Investment Trust (RIIT), a state-owned InvIT sponsored by NHAI, has set a price band of Rs 99 to Rs 100 per unit for its upcoming Rs 6,000-crore Initial Public Offering (IPO).

The public InvIT aims to unlock the monetisation potential of National Highway assets, creating a high-quality, long-term investment instrument targeting retail and domestic investors. The IPO issue size aggregates up to Rs 6,000 crore, an increase from the initially planned Rs 5,700 crore.

The public offering will be open from March 11 to March 13, with the bidding for anchor investors taking place on March 10. 75% of the offer size has been reserved for qualified institutional buyers, while the remaining 25% is allocated for non-institutional investors.

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Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL), the investment manager for the InvIT, is a collaborative venture with leading banks and financial institutions, including State Bank of India, Punjab National Bank, and Axis Bank, among others.

The InvIT is expected to make its stock market debut on March 24.