Raajmarg Infra Investment Trust IPO Subscribed 0.19 Times on Day 2

Raajmarg Infra Investment Trust's initial public offering (IPO) closed its three-day subscription window with strong investor interest, reaching 13.57 times overall subscription by 4:46 PM on Day 3 (March 13, 2026). The ₹6,000 crore book-build InvIT issue, priced at ₹99–₹100 per unit, received bids for 2,89,40,25,450 units against 21,33,33,150 units on offer.

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Subscription Status of Raajmarg Infra Investment Trust IPO

Here are the subscription details for Raajmarg Infra Investment Trust IPO Day 3, as of 4:46 PM:

Key Highlights – Day 3

• Overall subscription surged to 13.57 times on the final day from Day 2's 0.36 times, driven by a sharp late surge across both investor categories.
• Qualified institutional buyers (ex-anchor) led at 19.14 times, rising sharply from negligible levels on Day 2, indicating heavy institutional interest concentrated on the closing day of this NHAI-sponsored InvIT.
• Non-institutional investors recorded strong participation at 6.87 times, rising from Day 2's 0.55 times.
• Anchor investors fully subscribed their allocation of ₹1,728 crores on March 10, 2026.
• This InvIT has no retail investor category; participation is limited to institutional and non-institutional investors and strategic investors.
   

Key Highlights – Day 2

• Overall subscription reached 0.19 times on Day 2 (March 12, 2026), improving marginally from Day 1's 0.16 times.
• Non-institutional investors showed the stronger improvement, rising to 0.18 times from Day 1's 0.11 times.
• Qualified institutional buyers (ex-anchor) held steady at 0.20 times, broadly unchanged from Day 1.
• Anchor investors fully subscribed their allocation of ₹1,728 crores on March 10, 2026.
• This InvIT has no retail investor category; participation is limited to institutional and non-institutional investors and strategic investors.

Key Highlights - Day 1

• Overall subscription reached 0.16 times on Day 1 (March 11, 2026), reflecting cautious initial investor interest in this NHAI-sponsored InvIT issue.
• Qualified institutional buyers (ex-anchor) showed the stronger opening participation at 0.20 times on Day 1.
• Non-institutional investors recorded subdued interest at 0.11 times on Day 1.

About Raajmarg Infra Investment Trust

Raajmarg Infra Investment Trust is an infrastructure investment trust registered with SEBI on December 22, 2025, sponsored by the National Highways Authority of India (NHAI) under the Ministry of Road Transport and Highways. The trust has been established to acquire, operate, and maintain operational road infrastructure assets in India under NHAI's Toll Operate Transfer (TOT) model. Its portfolio comprises five operational toll road assets across Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka, spanning approximately 260.198 km and forming part of the Golden Quadrilateral network. The stretches include Gorhar to Barwa Adda, Chilakaluripet–Vijayawada, Chennai Bypass, Chennai–Tada, and Nelamangala–Tumkur.