Raajmarg Infra Investment Trust InvIT IPO GMP History
Raajmarg Infra Investment Trust InvIT IPO has been listed on March 24, 2026 at a listing price of ₹107, against the issue price of ₹100 — a gain of ₹7 (+7%). The GMP peaked at ₹3.75 on 17 March 2026 and reached a low of ₹0 on 18 March 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Raajmarg Infra Investment Trust InvIT IPO raised ₹6000 Cr. through its IPO at a price band of ₹99 to ₹100 per share, with a lot size of NA shares. The IPO was open for subscription from 11 Mar 2026 to 13 Mar 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 3 Sep, 2:08 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 23 Mar 2026 | ₹ 3.5 | — | 4% | — | — |
| 21 Mar 2026 | ₹ 3.5 | — | 4% | — | — |
| 20 Mar 2026 | ₹ 3.5 | — | 4% | — | — |
| 19 Mar 2026 | ₹ 3.5 | ▲ | 4% | — | — |
| 18 Mar 2026 | ₹ 0 | ▼ | -- | — | — |
| 17 Mar 2026 | ₹ 3.75 | — | 4% | — | — |
| 16 Mar 2026 | ₹ 3.75 | — | 4% | — | — |
| 13 Mar 2026 | ₹ 3.75 | ▲ | 4% | — | — |
| 12 Mar 2026 | ₹ 0 | — | -- | — | — |
| 11 Mar 2026 | ₹ 0 | — | -- | — | — |
| 10 Mar 2026 | ₹ 0 | — | -- | — | — |
| 09 Mar 2026 | ₹ 0 | — | -- | — | — |
| 07 Mar 2026 | ₹ 0 | — | -- | — | — |
| 06 Mar 2026 | ₹ 0 | — | -- | — | — |
| 05 Mar 2026 | ₹ 0 | — | -- | — | — |
Raajmarg Infra Investment Trust InvIT IPO dates
Key dates from opening to listing. Today is 3 October.
- Open 11 Mar 2026
- Close 13 Mar 2026
- Allotment 18 Mar 2026
- Refund/credit 20 Mar 2026
- Listing 24 Mar 2026
Raajmarg Infra Investment Trust InvIT IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹100 |
|---|---|
| GMP-based estimate (pre-listing) | ₹103 (+3%) |
| Listing gain / loss | +₹7 per share |
| Listing date | 24 Mar, 2026 |
| Actual listing price | ₹107 (+7%) |
Is Raajmarg Infra Investment Trust InvIT IPO GMP reliable?
Grey market premium for Raajmarg Infra Investment Trust InvIT IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Raajmarg Infra Investment Trust InvIT IPO full review for a fundamentals-based assessment before making any grey market trades.
Raajmarg Infra Investment Trust InvIT IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Raajmarg Infra Investment Trust InvIT IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Raajmarg Infra Investment Trust InvIT IPO
Raajmarg Infra Investment Trust (RIIT) is an infrastructure investment trust registered with the Securities and Exchange Board of India (SEBI) under the InvIT regulations. The trust was established in 2025 as an irrevocable trust under the Indian Trusts Act, 1882, with the objective of investing in and managing operational highway infrastructure assets in India. It was promoted by the National Highways Authority of India (NHAI), a government authority responsible for the development and maintenance of national highways across the country.
The trust primarily focuses on owning and operating revenue-generating national highway projects and earning income through toll collections. These highway assets are generally held through special purpose vehicles (SPVs) and managed professionally to ensure efficient tolling, maintenance, and operations. The investment manager of the trust is Raajmarg Infra Investment Managers Private Limited (RIIMPL), a collaborative venture backed by several leading banks and financial institutions such as SBI, HDFC Bank, ICICI Bank and others. The business model aims to generate stable cash flows from highway assets while supporting the monetisation of public infrastructure in India.
Frequently asked
What is the GMP of Raajmarg Infra Investment Trust InvIT IPO?
The current Grey Market Premium (GMP) of Raajmarg Infra Investment Trust InvIT IPO is ₹ 3.5.
What is the Kostak Price of Raajmarg Infra Investment Trust InvIT IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Raajmarg Infra Investment Trust InvIT IPO is not available.
What is the Subject to Sauda Price of Raajmarg Infra Investment Trust InvIT IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Raajmarg Infra Investment Trust InvIT IPO?
Raajmarg Infra Investment Trust InvIT IPO listed on March 24, 2026 at ₹107, against the issue price of ₹100 — a gain of +7%.
How did the GMP of Raajmarg Infra Investment Trust InvIT IPO trend before listing?
The GMP of Raajmarg Infra Investment Trust InvIT IPO was stable in its final days before listing. The GMP peaked at ₹3.75 on 17 March 2026. View the day-wise table above for the complete GMP history.
Explore Raajmarg Infra Investment Trust InvIT IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
