NHAI-Backed Raajmarg Infra Investment Trust to Launch Rs 6,000 Crore IPO on March 11
Raajmarg Infra Investment Trust (RIIT) IPO Details
Issuer: Raajmarg Infra Investment Trust (RIIT) Sponsor: National Highways Authority of India (NHAI) Issue Size: Up to Rs 6,000 crore IPO Dates:
- March 10: Bidding for anchor investors
- March 11-13: Public offering
Background: The initiative aims to broaden public participation in National Highway infrastructure growth and unlock the monetization potential of National Highway assets.
Investment Instrument: The public InvIT will create a high-quality, long-term investment instrument primarily targeting retail and domestic investors.
Read also: SMR Jewels IPO Successfully Lists with Institutional Support
Investment Manager: Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) will manage the InvIT, with equity participation from leading banks and financial institutions, including:
- State Bank of India
- Punjab National Bank
- NaBFID
- Axis Bank
- Bajaj Finserv Ventures
- HDFC Bank
- ICICI Bank
- IDBI Bank
- IndusInd Bank
- Yes Bank
Investor Takeaway
Investors should be aware of the upcoming Rs 6,000 crore IPO of Raajmarg Infra Investment Trust on March 11.
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