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Raajmarg Infra Investment Trust InvIT IPO

Raajmarg Infra Investment Trust InvIT IPO — date, price band, lot size & details 2026

Raajmarg Infra Investment Trust InvIT listed on 24 Mar 2026 at ₹107, 7% above the ₹100 issue price.

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.

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Abhishek Vohera, Founder of IPO Guru 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 30 October.

Key dates Listed
  1. Open 11 Mar 2026
  2. Close 13 Mar 2026
  3. Allotment 18 Mar 2026
  4. Refund/credit 20 Mar 2026
  5. 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.

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
General purposes Not stated

About the company

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.

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Registered office
Raajmarg Infra Investment Trust Address G - 5 & 6, Sector 10 Dwarka New Delhi, New Delhi, 110075
2507 4100-1524

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
JM Financial Ltd. View track record →
Book-running lead manager
SBI Capital Markets Ltd. View track record →
Book-running lead manager
Axis Capital View track record →
Book-running lead manager
ICICI Securities View track record →
Book-running lead manager
Motilal Oswal Investment Advisors View track record →
Red Herring Prospectus
SEBI filing
Final offer document — price band, financials and risk factors. This page is built from it.
Open the RHP

Raajmarg Infra Investment Trust InvIT IPO Documents

Read the filings this page is built from.

Red Herring Prospectus (RHP) Final offer document — price band, financials, risk factors

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.

37 issues handled
Listed in Profit 75% 27 of 36 listed
Avg Listing Gain +15.9% across 36 issues
Listed Below Issue 9 of 36 listed

Best listing: Tempsens Instruments (India) (+111.3%). Weakest: Turtlemint Fintech Solutions (-10.4%).

SBI Capital Markets Ltd.

15 issues handled
Listed in Profit 80% 12 of 15 listed
Avg Listing Gain +12% across 15 issues
Listed Below Issue 3 of 15 listed

Best listing: Indo-MIM (+44.3%). Weakest: Central Mine Planning & Design Institute (-7.0%).

Axis Capital

31 issues handled
Listed in Profit 75.9% 22 of 29 listed
Avg Listing Gain +16.8% across 29 issues
Listed Below Issue 7 of 29 listed

Best listing: Moneyview (+61.8%). Weakest: Clean Max Enviro Energy Solutions (-8.8%).

ICICI Securities

25 issues handled
Listed in Profit 66.7% 16 of 24 listed
Avg Listing Gain +12.4% across 24 issues
Listed Below Issue 8 of 24 listed

Best listing: Tempsens Instruments (India) (+111.3%). Weakest: Turtlemint Fintech Solutions (-10.4%).

Motilal Oswal Investment Advisors

24 issues handled
Listed in Profit 68.2% 15 of 22 listed
Avg Listing Gain +10.5% across 22 issues
Listed Below Issue 7 of 22 listed

Best 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

Company
Raajmarg Infra Investment Trust InvIT
Email

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.

Raajmarg Infra Investment Trust InvIT IPO

Every number here traces back to a filing.

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Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

GMP
₹3.5
Subscribed
13.74×
Min bid
TBA
Live subscription