Bookbuilding InvIT | ₹6,000 Cr | Listed at BSE, NSE | Wed, Mar 11, 2026 - Fri, Mar 13, 2026
Raajmarg Infra Investment Trust IPO is a book build issue of ₹6,000.00 crores. The issue is entirely a fresh issue of 60.00 crore shares of ₹6,000.00 crore.
Raajmarg Infra Investment Trust IPO bidding started from Mar 11, 2026 and ended on Mar 13, 2026. The allotment for Raajmarg Infra Investment Trust IPO was finalized on Mar 18, 2026. The shares got listed on the NSE and the BSE on Mar 24, 2026.
Raajmarg Infra Investment Trust IPO is set final offered price at ₹100 per share.
SBI Capital Markets Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Raajmarg Infra Investment Trust IPO RHP for detailed Information.
IPO Open
Wed, Mar 11, 2026
IPO Close
Fri, Mar 13, 2026
Final Issue Price
₹100.00 per share
Market Cap (Pre-IPO)
₹6,000.00 Cr
| IPO Date | 11 to 13 Mar, 2026 |
| Listed on | Tue, Mar 24, 2026 |
| Price Band | ₹99.00 to ₹100.00 |
| Final Issue Price | ₹100.00 per share |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding InvIT |
| Listing At | BSE, NSE |
| Total Issue Size | 60,00,00,000 shares (agg. up to ₹6,000 Cr) |
| Fresh Issue | 60,00,00,000 shares (agg. up to ₹6,000 Cr) |
| Share Holding Post Issue | 60,00,00,000 shares |
| BSE Script Code / NSE Symbol | 544734 / RIIT |
| ISIN | INE2PB023011 |
Raajmarg Infra Investment Trust IPO comprises a total issue size of 60,00,00,000 shares. Out of which, 28,80,00,000 (75.00%) are allocated to QIB, 9,60,00,000 (25.00%) allocated to NII .
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 28,80,00,000 |
| − Anchor Investor Shares Offered | 17,28,00,000 |
| − QIB (Ex. Anchor) Shares Offered | 11,52,00,000 |
| NII (HNI) Shares Offered | 9,60,00,000 |
| Strategic Investor Shares Offered | 21,60,00,000 |
| Total Shares Offered | 60,00,00,000 |
Raajmarg Infra Investment Trust IPO raises ₹1,728.00 crore from anchor investors. Raajmarg Infra Investment Trust IPO Anchor bid date is March 10, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Mar 10, 2026 |
| Shares Offered | 17,28,00,000 |
| Anchor Portion (₹ Cr.) | 1,728.00 |
| Anchor lock-in period end date | Fri, Apr 17, 2026 |
Incorporated as an infrastructure investment trust, Raajmarg Infra Investment Trust (“Trust”) is a registered with SEBI under the InvIT Regulations on December 22, 2025. The Trust has been established to acquire, operate, and maintain operational road infrastructure assets in India.
The toll road portfolio comprises the stretches:
The Trust is sponsored by the National Highways Authority of India (NHAI), under the Ministry of Road Transport and Highways, Government of India.
Its Toll road portfolio comprises five operational toll road assets developed under NHAI’s Toll Operate Transfer (TOT) model. These assets are located across the states of Jharkhand, Andhra Pradesh, Tamil Nadu and Karnataka, forming part of the Golden Quadrilateral network, with an aggregate length of approximately 260.198 km.
These road assets are operated and maintained pursuant to concession agreements executed with NHAI. The Project SPV holds the exclusive right to operate, manage, maintain, and collect toll user fees on the respective stretches from the appointed date, subject to concession terms.
Competitive Strengths
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Infusion of debt and equity into the Project SPV, which shall be utilized by the Project SPV for the payment of concession value of the InvIT Assets to NHAI | 5,850.00 |
| 2 | General purposes | 110.93 |
| Total | 5,960.93 |
The Raajmarg Infra Investment Trust IPO is subscribed 13.74 times on March 13, 2026 5:25:00 PM (Day 3). The public issue subscribed [.] times in the retail category, 19.14 times in the QIB category, and 7.26 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 19.14 | 11,63,63,400 | 2,22,76,64,250 |
| NII | 7.26 | 9,69,69,750 | 70,38,28,950 |
| Total | 13.74 | 21,33,33,150 | 2,93,14,93,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fee and commission payable to the Book Running Lead Managers (including brokerage and selling commission) | 14.64 |
| 2 | Selling commission payable to SCSBs for Bids directly procured by them and processing fees payable to SCSBs for Bids (other than Bids submitted by UPI Bidders using the UPI Mechanism) procured by the members of the Syndicate, the Registered Brokers, CRTAs or CDPs and submitted to SCSBs for blocking, Bankers to the Issue, fees payable to the Sponsor Bank for Bids made by RIBs | 0.75 |
| 3 | Fees payable to Registrar to the Issue | 0.06 |
| 4 | Printing and stationery expenses | 0.58 |
| 5 | Listing fees, SEBI fees, BSE and NSE processing fees, book-building software fees, and other regulatory expenses | 10.38 |
| 6 | Fee payable to other advisors and any other fees and expenses | 12.68 |
| Total | 39.07 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹108.00 |
| Low | ₹105.50 |
| High | ₹108.00 |
| Last Trade | ₹106.83 |
Raajmarg Infra Investment Trust IPO is a main-board InvIT of 60,00,00,000 equity shares of the face value of ₹[.] aggregating up to ₹6,000 Crores. The issue is priced at ₹100.00 per share. The minimum order quantity is .
The InvIT opens on Wed, Mar 11, 2026, and closes on Fri, Mar 13, 2026.
Kfin Technologies Ltd. is the registrar for the InvIT. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Raajmarg Infra Investment Trust IPO using UPI as a payment gateway. Zerodha customers can apply in Raajmarg Infra Investment Trust IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Raajmarg Infra Investment Trust IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Raajmarg Infra Investment Trust IPO opens on Wed, Mar 11, 2026 and closes on Fri, Mar 13, 2026.
Raajmarg Infra Investment Trust IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Raajmarg Infra Investment Trust IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Raajmarg Infra Investment Trust IPO will be done on Wednesday, March 18, 2026, and the allotted shares will be credited to your demat account by Mon, Mar 23, 2026. Check the Raajmarg Infra Investment Trust IPO allotment status.
The Raajmarg Infra Investment Trust IPO listing date is on Tue, Mar 24, 2026.
