Raajmarg Infra Investment Trust InvIT IPO
Raajmarg Infra Investment Trust InvIT IPO — date, price band, GMP & allotment 2026
Raajmarg Infra Investment Trust InvIT IPO opened for subscription from 11 March 2026 to 13 March 2026, with listing on 24 March 2026. The trust was established in 2025 and is sponsored by NHAI. It operates as an infrastructure investment trust, focusing on owning, operating and maintaining national highway assets, generating revenue through toll collections, with its main presence across key highway networks in India.
Stock price
Raajmarg Infra Investment Trust InvIT is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 September.
- Open 11 Mar 2026
- Close 13 Mar 2026
- Allotment 18 Mar 2026
- Refund/credit 20 Mar 2026
- Listing 24 Mar 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 11 to 13 Mar, 2026 |
|---|---|
| Price Band | ₹99 – ₹100 |
| Face Value | ₹NA |
| Lot Size | NA Shares |
| Issue Size | ₹6000 Cr |
| Sale Type | book build |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | TBA |
Three years of numbers
All figures in ₹ crore, as reported in the Raajmarg Infra Investment Trust InvIT offer document.
| Metric | 31 Mar 24 | 31 Mar 23 | 31 Mar 22 |
|---|
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Raajmarg Infra Investment Trust InvIT RHP.
Where the money goes
How the company intends to use the proceeds of the issue.
About the company
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.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
2507 4100-1524
The bankers & the filings
Who is running the book, and the documents this page is built from.
Raajmarg Infra Investment Trust InvIT IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
29 issues handledBest listing: Tempsens Instruments (India) (+111.3%). Weakest: Turtlemint Fintech Solutions (-10.4%).
SBI Capital Markets Ltd.
13 issues handledBest listing: Indo-MIM (+44.3%). Weakest: Central Mine Planning & Design Institute (-7.0%).
Axis Capital
27 issues handledBest listing: LG Electronics India (+50.0%). Weakest: Clean Max Enviro Energy Solutions (-8.8%).
ICICI Securities
22 issues handledBest listing: Tempsens Instruments (India) (+111.3%). Weakest: Turtlemint Fintech Solutions (-10.4%).
Motilal Oswal Investment Advisors
21 issues handledBest listing: Kusumgar (+37.0%). Weakest: Turtlemint Fintech Solutions (-10.4%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Raajmarg Infra Investment Trust InvIT?
The current Grey Market Premium is ₹3.5, or 4% over the issue price.
What is the Raajmarg Infra Investment Trust InvIT IPO price band?
₹99 to ₹100, on a face value of ₹NA.
When is the allotment?
The basis of allotment is 18 March 2026, with listing on 24 March 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
