The basis of allotment for the ₹6,000 crore RaajMarg Infra Investment Trust IPO will be announced today, 18 March 2026. The bidding window was open from March 11, 2026, to March 13, 2026, during which the IPO received a subscription of 13.74x
The RaajMarg Infra Investment Trust IPO is a book-build issue of ₹6,000 crore, consisting entirely of a fresh issue of 60 crore shares. The price band is set between ₹99 and ₹100 per share.
The book-running lead managers for the IPO are SBI Capital Markets Limited, Motilal Investment Advisors Limited, ICICI Securities Limited, and Axis Capital Limited, while KFin Technologies Limited is the registrar for the issue.
The net proceeds from the fresh issue will be used to fund the expenses towards the following objectives:
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[13-March-2026 17:00:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Institutional Investors |
19.14 |
|
Other Investors |
7.26 |
|
Total |
13.74 |
According to media reports, the Grey Market Premium (GMP) for the RaajMarg Infra Investment Trust IPO is ₹3.5 over the IPO price.
Raajmarg Infra Investment Trust is an infrastructure investment trust established in accordance with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014. The Trust has been set up with the objective of owning, operating and maintaining revenue-generating road infrastructure assets in India and is sponsored by the National Highways Authority of India (“NHAI”).
Raajmarg InvIT proposes to hold an initial portfolio comprising five operational toll road assets located across Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka.
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