Raajmarg Infra Investment Trust InvIT IPO Sees Modest Demand on Day 1, Books 5% of Issue Size

Raajmarg Infra Investment Trust InvIT IPO Update

IPO Details

• IPO Period: March 11 - March 13
• Price Band: ₹99 - ₹100 per unit
• Total IPO Size: ₹6,000 crore (increased from ₹5,700 crore)
• Allocation: 75% for Qualified Institutional Buyers (QIB), 25% for Non-Institutional Investors (NII)

Anchor Investor Allocation

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• Allocation Amount: ₹1,728 crore
• Number of Units: 17.28 crore units
• Price per Unit: ₹100

Notable Investors

• 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

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• Day 1 Subscription: 5%
• QIB Subscription: 8%
• NII Subscription: 2%

Timeline

• Basis of Allotment: March 18
• Refund Initiation: March 20
• Share Crediting: March 20
• Listing: March 24

Company Details

• Established: December 22, 2025
• Registration: SEBI
• Investment Focus: Infrastructure
• Portfolio: 5 operational toll road assets with approximately 260.198 km of routes in Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka.