NHAI Sponsored Raajmarg Infra InvIT Launches Rs 6,000 Crore IPO
11 March 2026
The offering has a minimum application size of 150 units, requiring an investment of around Rs 15,000 at the upper end of the price band. Anchor investor bidding took place on March 10 ahead of the public subscription period
The Raajmarg Infra Investment Trust initial public offering, sponsored by the National Highways Authority of India, opened for subscription on March 11 and will close on March 13. The InvIT aims to raise about Rs 6,000 crore through the public issue, which is entirely a fresh issue of units. The price band for the offering has been fixed at Rs 99 to Rs 100 per unit. The issue is designed to provide investors an opportunity to participate in revenue generating highway assets while helping the government monetise operational road infrastructure.
The offering has a minimum application size of 150 units, requiring an investment of around Rs 15,000 at the upper end of the price band. Anchor investor bidding took place on March 10 ahead of the public subscription period. As per the allocation structure, up to 75 per cent of the issue has been reserved for qualified institutional buyers while the remaining 25 per cent is earmarked for non institutional investors. The InvIT units are proposed to be listed on the BSE and NSE once the issue process is completed.
Raajmarg Infra Investment Trust has been established to acquire and manage operational highway projects in India. The trust structure allows investors to gain exposure to infrastructure assets that generate long term income from road usage. According to the proposed timeline, the allotment of units is expected to be finalised on March 18. Refunds and credit of units to demat accounts are likely to take place on March 20, while the listing of units on the stock exchanges is scheduled for March 24.