Raajmarg Infra Investment Trust IPO Day 3: Check GMP, Subscription Status & Key Highlights
The Raajmarg Infra Investment Trust (InvIT) IPO continues to remain open for subscription and enters into the Day 3 of bidding today on March 13, 2026. The public issue, which opened earlier this week on March 11, 2026, has seen gradual participation from investors so far.
The allotment of units is expected to be finalised on March 18, 2026, while the listing is tentatively scheduled on the NSE and BSE on March 24, 2026.
Backed by the National Highways Authority of India (NHAI), Raajmarg Infra Investment Trust is a newly established infrastructure investment trust focused on owning and managing national highway assets.
Note: As per regulations, once you have applied for the IPO, cancellation of the application is not supported for any category.
Raajmarg Infra Investment Trust IPO: Issue Details
Raajmarg Infra Investment Trust IPO is a ₹6,000 crore book-built issue, comprising entirely a fresh issue of 60 crore units.
- Price Band: ₹99 to ₹100 per unit
- Lot Size: 150 units
- Minimum Investment for Retail Investors: ₹15,000
The issue is being managed by SBI Capital Markets Limited, Motilal Investment Advisors Limited, ICICI Securities Limited, and Axis Capital Limited as book-running lead managers. Kfin Technologies Ltd is the registrar to the issue.
Raajmarg Infra Investment Trust IPO Day 3 Subscription Status
[13-March-2026, 12:06 PM]
|
Investor Category |
Subscription (Times) |
|
Institutional Investors |
0.09 |
|
Other Investors |
0.91 |
|
Total |
0.46 |
Utilisation of IPO Proceeds
The net proceeds from the fresh issue will be used to fund the expenses towards the following objectives:
- Infusion of debt and equity into the Project SPV, which will be utilised by the Project SPV for the payment of the concession value of the InvIT Assets to NHA
- General corporate purposes
Explore other Upcoming IPOs on BSE and NSE.
Raajmarg Infra Investment Trust GMP
As per media reports, the Grey Market Premium (GMP) of Raajmarg Infra Investment Trust is reported at ₹0.
Raajmarg Infra Investment Trust Business Overview
Raajmarg Infra Investment Trust is an infrastructure investment trust constituted under the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014. The Trust has been formed to acquire, operate, and maintain income-generating road infrastructure assets across India, with sponsorship from the National Highways Authority of India (NHAI).
Raajmarg InvIT plans to initially hold a portfolio of five operational toll road assets situated in Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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