RaajMarg Infra Investment Trust IPO
IPO Listing Details
- Listing Date
24 Mar 2026
- Listing Price
₹108.00
- Listing Change
8.00%
- Last Traded Price
₹109.55
RaajMarg Infra Investment Trust IPO Details
-
Open Date
11 Mar 2026
-
Close Date
13 Mar 2026
-
Listing Date
24 Mar 2026
- IPO Price Range
₹ 99 - ₹ 100
- IPO Size
₹ 6,000.00 Cr
- Listing Exchange
BSE NSE
RaajMarg Infra Investment Trust IPO Timeline
RaajMarg Infra Investment Trust IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 11-Mar-2026 | 0.20 | 0.11 | - | 0.16 |
| 12-Mar-2026 | 0.20 | 0.55 | - | 0.36 |
| 13-Mar-2026 | 19.14 | 7.26 | - | 13.74 |
Last Updated: 13 March 2026 5:35 PM by 5paisa
Raajmarg Infra Investment Trust is an infrastructure investment trust incorporated and registered with SEBI on 22 December 2025 under the InvIT Regulations. Sponsored by the National Highways Authority of India, it focuses on acquiring, operating and maintaining operational road assets. Its portfolio includes five toll road stretches across Jharkhand, Andhra Pradesh, Tamil Nadu and Karnataka, covering about 260.198 km under the Toll Operate Transfer model, with rights to operate, maintain and collect tolls under concession agreements with NHAI.
Established in: 2025
Managing Director: Pradeep Kumar Malhotra
Peers:
| Name of Company | Cube Highways Trust | Vertis Infrastructure Trust | Interise Trust | National Highways Infra Trust | IRB Invit Fund |
| NAV per Unit (₹) | 142.70 | 103.35 | 104.80 | 145.80 | 79.50 |
| Premium / (Discount to NAV)% | -1.89 | 5.47 | 5.35 | 6.31 | -22.19 |
RaajMarg Infra Investment Trust Objectives
1. Infusion of debt and equity into Project SPV- ₹5,850 Cr
2. Funding general corporate purposes of the Trust
Raajmarg Infra Investment Trust IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹6,000.00 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹6,000.00 Cr |
Raajmarg Infra Investment Trust IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 19.14 | 11,63,63,400 | 2,22,76,64,250 | 0 |
| Non-Institutional Buyers | 7.26 | 9,69,69,750 | 70,38,28,950 | 0 |
| Total** | 13.74 | 21,33,33,150 | 2,93,14,93,200 | 0 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
Strengths
1. Backed by NHAI, providing strong institutional credibility
2. Operational toll roads ensuring stable, predictable cash flows
3. Assets located on strategic Golden Quadrilateral corridor
4. Long-term concession agreements support revenue visibility
Weaknesses
1. High dependence on toll revenue collections
2. Limited diversification beyond road infrastructure assets
3. Revenue vulnerable to traffic volume fluctuations
4. Significant upfront capital required for asset acquisition
Opportunities
1. Potential acquisition of additional TOT road assets
2. Rising highway traffic supporting long-term toll growth
3. Government focus on infrastructure and road expansion
4. Scope for operational efficiencies improving cash flows
Threats
1. Regulatory changes affecting toll collection policies
2. Economic slowdown impacting commercial vehicle traffic volumes
3. Competing alternate routes reducing toll road usage
4. Political or public opposition to toll charges
1. NHAI sponsorship strengthens credibility and investor confidence
2. Operational toll roads generate stable, predictable cash flows
3. Assets located on strategic national highway corridors
4. Growth potential through acquisition of additional TOT assets
Raajmarg Infra Investment Trust operates in India’s expanding road infrastructure sector, supported by increasing highway traffic and government investment in national corridors. Backed by NHAI, the Trust manages operational toll assets under the Toll Operate Transfer model, ensuring stable cash flow visibility. With assets on key Golden Quadrilateral routes and potential future acquisitions, the Trust is positioned to benefit from rising transportation demand and long-term infrastructure growth in India.
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FAQs
Raajmarg Infra Investment Trust IPO opens from March 11, 2026, to March 13, 2026.
The size of the Raajmarg Infra Investment Trust IPO is ₹6,000.00 Cr.
The price band of Raajmarg Infra Investment Trust IPO is fixed at ₹99 to ₹100.
To apply for Raajmarg Infra Investment Trust IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Raajmarg Infra Investment Trust. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Raajmarg Infra Investment Trust IPO is 150 shares and the investment required is ₹99.
The share allotment date of Raajmarg Infra Investment Trust IPO is March 18, 2026
The Raajmarg Infra Investment Trust IPO will likely be listed on March 24, 2026.
SBI Capital Markets Ltd is the book running lead managers for Raajmarg Infra Investment Trust IPO.
Raajmarg Infra Investment Trust IPO plans to utilise the raised capital from the IPO for:
1. Infusion of debt and equity into Project SPV- ₹5,850 Cr
2. Funding general corporate purposes of the Trust
RaajMarg Infra Investment Trust Contact Details
G - 5 & 6,
Sector 10
Dwarka
New Delhi, New Delhi, 110075
Phone: 2507 4100-1524
Email: compliance@riimpl.in
Website: raajmarginfratrust.in
RaajMarg Infra Investment Trust IPO Register
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: riimpl.invit@kfintech.com
Website: ipostatus.kfintech.com
RaajMarg Infra Investment Trust IPO Lead Manager
1. SBI Capital Markets Ltd.
2. Axis Capital Ltd.
3. ICICI Securities Ltd.
4. Motilal Oswal Investment Advisors Ltd.