Raajmarg Infra Investment Trust IPO: Check GMP, Key Highlights, and More
The Raajmarg Infra Investment Trust (InvIT) IPO has opened for subscription from March 11 to March 13, 2026. The NHAI-backed infrastructure trust plans to raise ₹6,000 crore through this public offering.
This IPO allows investors to participate in India’s highway infrastructure sector, with assets generating revenue mainly through toll collections.
Raajmarg Infra InvIT IPO Details
| IPO Detail | Information |
|---|---|
| IPO Name | Raajmarg Infra Investment Trust IPO |
| IPO Type | Book Built InvIT IPO |
| Issue Size | ₹6,000 Crore |
| Fresh Issue | 60 crore units |
| Price Band | ₹99 to ₹100 per unit |
| Face Value | ₹100 per unit |
| Lot Size | 150 units |
| Minimum Investment | ₹15,000 |
| IPO Open Date | March 11, 2026 |
| IPO Close Date | March 13, 2026 |
| Anchor Investor Bidding | March 10, 2026 |
| Allotment Date | March 18, 2026 |
| Refund Initiation | March 20, 2026 |
| Shares Credited to Demat | March 23, 2026 |
| Listing Date | March 24, 2026 |
| Listing Exchange | NSE, BSE |
| Registrar | Kfin Technologies Ltd |
| Lead Manager | SBI Capital Markets |
Raajmarg Infra InvIT IPO GMP Today
| Date | IPO Price | GMP | Expected Listing Price |
|---|---|---|---|
| 11 Mar 2026 | ₹100 | ₹0 | ₹100 |
| 10 Mar 2026 | ₹100 | ₹0 | ₹100 |
| 9 Mar 2026 | ₹100 | ₹0 | ₹100 |
As of now, the Raajmarg Infra InvIT IPO GMP is ₹0, which suggests a flat listing around ₹100 per unit if market sentiment remains unchanged.
Note: GMP is unofficial and can change daily depending on market demand.
Investor Reservation
| Category | Allocation |
|---|---|
| Qualified Institutional Buyers (QIB) | Up to 75% |
| Non-Institutional Investors (NII/HNI) | At least 25% |
| Retail Investors | Not allocated |
This InvIT IPO mainly targets institutional and high-net-worth investors.
About Raajmarg Infra Investment Trust
Raajmarg Infra Investment Trust is a SEBI-registered infrastructure investment trust established to acquire and operate highway assets across India.
The trust manages operational toll road projects under concession agreements with the National Highways Authority of India (NHAI).
Key business features
- Portfolio of operational toll road assets
- Revenue generated through toll collection
- Long-term concession agreements with NHAI
- Income distribution to investors from operating cash flows
InvITs must distribute at least 90% of their cash flows to investors, making them attractive for income-focused investors.
Objectives of the IPO
The trust plans to use the IPO proceeds mainly for:
- Funding debt and equity infusion into project SPVs
- Payment of concession value to NHAI
- General corporate purposes
This structure helps the government monetize highway infrastructure assets while allowing public investors to participate.
Key Highlights
- Backed by National Highways Authority of India (NHAI)
- Large ₹6,000 crore infrastructure offering
- Portfolio of operational toll roads
- Potential for stable long-term cash distributions
- Exposure to India’s growing highway network
Pros and Cons of the IPO
Pros
- Government-backed infrastructure assets
- Stable toll revenue model
- Potential for regular income distributions
- Exposure to India’s infrastructure growth
Cons
- Revenue depends on highway traffic volumes
- Interest rate movements can impact yields
- Regulatory changes may affect toll pricing
- Limited track record as a listed InvIT
Should You Invest in Raajmarg Infra InvIT IPO?
This IPO may suit investors who:
- Want stable income from infrastructure assets
- Prefer long-term investment exposure
- Are comfortable investing in yield-based instruments
However, investors seeking quick listing gains may find limited upside, since the current GMP indicates a flat listing.
FAQs
Q. What is the price band of Raajmarg Infra InvIT IPO?
The price band is ₹99 to ₹100 per unit.
Q. What is the issue size of the IPO?
The total issue size is ₹6,000 crore.
Q. When will Raajmarg Infra InvIT IPO list?
The IPO is expected to list on March 24, 2026 on NSE and BSE.
Q. What is the minimum investment?
Investors need to apply for at least 150 units, which requires around ₹15,000.
Key Takeaways
- Raajmarg Infra InvIT IPO opens March 11–13, 2026
- Price band: ₹99 to ₹100 per unit
- Issue size: ₹6,000 crore
- Lot size: 150 units
- Current GMP: ₹0 (flat listing expected)
- Listing date: March 24, 2026
The IPO offers investors a chance to invest in India’s highway infrastructure sector through an InvIT structure focused on stable cash flows.
Disclaimer
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