Raajmarg Infra Investment Trust InvIT IPO Day 3: Subscription Update Shows 1.05x Coverage

Raajmarg Infra Investment Trust InvIT IPO

IPO Details

• Price Band: ₹99 - ₹100 per unit
• Subscription Window: March 11 - March 13
• Total Amount: ₹6,000 crore
• Increase from Initial Suggestion: ₹300 crore (from ₹5,700 crore to ₹6,000 crore)

Anchor Investor Subscription

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• Amount Raised: ₹1,728 crore
• Units Assigned: 17.28 crore units at ₹100 per unit
• Institutional Investors: Pension funds, insurance companies, mutual funds, provident funds, and alternative investment funds participated, including:
  • Life Insurance Corporation of India (LIC)
  • ICICI Prudential Life Insurance
  • Kotak Mahindra Life Insurance
  • Bajaj Life Insurance
  • Axis Max Life Insurance
  • Aditya Birla Sun Life Insurance

IPO Subscription Status

• Day 3 Subscription: 1.05x
• NII Portion: 1.56x subscribed
• QIB Portion: 62% bids received
• Total Bids: 22,30,37,100 shares against 21,33,33,150 shares on offer

Listing Details

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• Listing Date: Tuesday, March 24
• Listing Venue: BSE and NSE

Company Details

• Founding: Registered with SEBI on December 22, 2025
• Objectives: Acquire, oversee, and maintain operational road infrastructure assets across India
• Portfolio: 5 active toll road projects covering 260.198 km as part of the Golden Quadrilateral network
• Support: Supported by the National Highways Authority of India (NHAI) under the Ministry of Road Transport and Highways, Government of India