IPO Guru

IPO Listed — 24 Mar 2026

Listing Price: ₹107

vs Issue Price ₹100 +₹7 (+7%)

Raajmarg Infra Investment Trust InvIT IPO GMP History | Listing Price ₹107 & Kostak Rate

IPO
Final GMP
₹ 3.5
4%
Final Kostak
Retail ₹ 0
SHNI ₹ 0
BHNI ₹ 0
Final Sub. to Sauda
Retail ₹ 0
SHNI ₹ 0
BHNI ₹ 0

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.

GMP Trend Chart

Day-wise GMP Trend

Date GMP ↑↓ % Kostak Sub. Sauda
23 Mar 2026 ₹ 3.5 4% ₹ 0 ₹ 0
21 Mar 2026 ₹ 3.5 4% ₹ 0 ₹ 0
20 Mar 2026 ₹ 3.5 4% ₹ 0 ₹ 0
19 Mar 2026 ₹ 3.5 4% ₹ 0 ₹ 0
18 Mar 2026 ₹ 0 -- ₹ 0 ₹ 0
17 Mar 2026 ₹ 3.75 4% ₹ 0 ₹ 0
16 Mar 2026 ₹ 3.75 4% ₹ 0 ₹ 0
13 Mar 2026 ₹ 3.75 4% ₹ 0 ₹ 0
12 Mar 2026 ₹ 0 -- ₹ 0 ₹ 0
11 Mar 2026 ₹ 0 -- ₹ 0 ₹ 0
10 Mar 2026 ₹ 0 -- ₹ 0 ₹ 0
09 Mar 2026 ₹ 0 -- ₹ 0 ₹ 0
07 Mar 2026 ₹ 0 -- ₹ 0 ₹ 0
06 Mar 2026 ₹ 0 -- ₹ 0 ₹ 0
05 Mar 2026 ₹ 0 -- ₹ 0 ₹ 0

Raajmarg Infra Investment Trust InvIT IPO Dates

Event Date
Open Date 11 Mar, 2026
Close Date 13 Mar, 2026
Allotment Date 18 Mar, 2026
Refund Date 20 Mar, 2026
Credit to Demat 23 Mar, 2026
Listing Date 24 Mar, 2026

Raajmarg Infra Investment Trust InvIT IPO Actual Listing Price

Basis Value
Issue Price ₹100
GMP-Based Estimate (Pre-Listing) ₹103 (+3%)
Actual Listing Price ₹107 (+7%)
Listing Gain / Loss +₹7 per share
Listing Date 24 Mar, 2026

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:

  • Subscription 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?
  • Timing 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.
  • Grey 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.
  • Cross-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 IPO Kostak Rate Explained

The Kostak rate for Raajmarg Infra Investment Trust InvIT IPO was not active during the subscription period, as no grey market premium was established. 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 active 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 Questions about Raajmarg Infra Investment Trust InvIT IPO

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 : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.

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 : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.

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

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