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Raajmarg Infra Investment IPO
Price Band
₹99.0–100.0
Issue Size
₹6000.0 Cr
Lot Size
—
Min Investment
₹15,000
GMP
+₹3.5 (0.0%)
Issue Price
₹100.0
Raajmarg Infra Investment IPO AI Summary
- Raajmarg Infra Investment IPO is listed on BSE, NSE in the Road Assets–Toll, Annuity, Hybrid-Annuity sector.
- Price band: ₹99.0–₹100.0 per share (min. investment ₹15,000).
- Subscription window: 11 Mar–13 Mar 2026, listing on 24 Mar 2026.
- Current GMP is +₹3.5 (0.0%), an estimated listing price of ₹104 — unofficial and can change daily.
Raajmarg Infra Investment Trust is an infrastructure investment trust focusing on toll road assets in India. With a strong backing from NHAI and a portfolio of operational assets, the Trust aims to generate long-term revenue. The IPO is set to open in March 2026, with a minimum investment of ₹15,000.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Raajmarg Infra Investment IPO Grey Market Premium (GMP) Today
GMP
+₹3.5
GMP %
0.0%
Est. Listing
₹103.5
Updated: 14 Jul 2026 15:52
About the Company
Incorporated as an infrastructure investment trust, Raajmarg Infra Investment Trust (“Trust”) was registered with SEBI under the InvIT Regulations on December 22, 2025. The Trust has been set up with the objective of acquiring, operating, and maintaining revenue-generating road infrastructure assets across India. Sponsored by the National Highways Authority of India (NHAI), functioning under the Ministry of Road Transport and Highways, Government of India, the Trust holds a portfolio of operational toll road assets awarded under NHAI’s Toll Operate Transfer (TOT) framework. The portfolio comprises five operational stretches: Gorhar to Barwa Adda Chilakaluripet – Vijayawada Chennai Bypass Chennai – Tada Nelamangala – Tumkur These assets are located across Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka, and form part of the Golden Quadrilateral corridor. Collectively, they span approximately 260.198 km. Each project is operated and maintained under concession agreements executed with NHAI. The respective Project SPVs have been granted exclusive rights from the appointed date to manage, operate, maintain, and collect toll revenues on the designated stretches, in accordance with the terms and conditions set out in the concession agreements. Competitive Strengths Attractive industry sector with strong underlying fundamentals and favourable government policies Experienced Sponsor with consistent track record in operating and maintaining projects in the roads and highways sector in India Sizeable portfolio of diversified long-term revenue generating Toll Road assets Portfolio of strategically located assets catering to key economic corridors of the country Significant growth visibility through a defined pipeline of future assets Concession Agreement terms with low counterparty risk Experienced management team with industry experience
Company Financials
Key Ratios
Market Cap
₹6000.00 Cr
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 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 2 General purposes 110.93 3 Issue Expenses 39.07 Total 6,000.00
IPO Evaluation
Generated 23 Sep 2026Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before it officially lists on the stock exchange. A positive GMP suggests that the IPO is likely to list at a premium to its issue price, while a negative or low GMP may indicate a weaker demand in the grey market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategy and risk appetite. It is important to consider the fundamentals of the company, market conditions, and personal financial goals before making a decision.
Who May Want to Wait
Investors who are risk-averse or those looking for guaranteed short-term returns might consider avoiding this IPO. Additionally, individuals who do not have a long-term investment horizon or are not familiar with the infrastructure sector may want to be cautious.
IPO Timeline, Explained
The IPO process for Raajmarg Infra Investment includes the following key dates: Opening date for subscription is March 11, 2026, and it will close on March 13, 2026. Allotment of shares will take place on March 18, 2026, and the listing on the stock exchange is scheduled for March 24, 2026.
Listing Gains — The Risk
Investing in IPOs carries the risk of fluctuating prices on the listing day. While some IPOs may experience significant gains, others may not perform as expected, leading to potential losses. Factors influencing listing day performance include market conditions, investor sentiment, and the company's financial health.
This evaluation is generated from Raajmarg Infra Investment's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Raajmarg Infra Investment IPO GMP today?
Raajmarg Infra Investment IPO GMP today is +₹3.5 (0.0%), indicating an estimated listing price of ₹104. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Raajmarg Infra Investment IPO?
The price band of Raajmarg Infra Investment IPO is ₹99.0–₹100.0 per share.
When does Raajmarg Infra Investment IPO open and close?
Raajmarg Infra Investment IPO opens on 11 March 2026 and closes on 13 March 2026.
When does Raajmarg Infra Investment IPO list on the stock exchange?
Raajmarg Infra Investment IPO listed on 24 March 2026 at ₹3.5.
What is the price band for the IPO?
The price band for the IPO is ₹99.0 to ₹100.0.
What is the minimum investment required?
The minimum investment required is ₹15,000.0.
When does the IPO open and close?
The IPO opens on March 11, 2026, and closes on March 13, 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
When is the listing date for the IPO?
The listing date for the IPO is March 24, 2026.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
11 Mar 2026
Close
13 Mar 2026
Allotment
18 Mar 2026
Listing
24 Mar 2026
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