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Raajmarg Infra Investment

Listed MAINBOARD BSE, NSE · Road Assets–Toll, Annuity, Hybrid-Annuity

Price Band

₹99.0–100.0

Issue Size

₹6000.0 Cr

Lot Size

Min Investment

GMP

+₹3.5 (0.0%)

Issue Price

₹100.0

calendar_month Important Dates

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IPO Open Date
Wed, 11 Mar 2026
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IPO Close Date
Fri, 13 Mar 2026
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Allotment Date
Wed, 18 Mar 2026
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Refund Initiation
Fri, 20 Mar 2026
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Credit of Shares
Thu, 19 Mar 2026
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Listing Date
Tue, 24 Mar 2026
Listing Price
₹3.5 -96.5%

bar_chart Subscription Status

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Subscription data unavailable

trending_up Grey Market Premium (GMP)

GMP

+₹3.5

GMP %

0.0%

Est. Listing

₹103.5

schedule Updated: 14 Jul 2026 15:52

business 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

payments 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

info Issue Details

Issue Type MAINBOARD Book Built
Issue Size ₹6000.0 Cr
Price Band ₹99.0 – ₹100.0
Issue Price ₹100.0
Lot Size
Min Investment
Exchange BSE, NSE
Sector Road Assets–Toll, Annuity, Hybrid-Annuity
Open Date 11 Mar 2026
Close Date 13 Mar 2026
Allotment 18 Mar 2026
Listing Date 24 Mar 2026

pie_chart Investor Allocation

QIB (Institutional) 50%
NII / HNI 15%
Retail (RII) 35%

Registrar

domain Kfin Technologies Ltd.

Lead Managers / Book Running

account_balance ICICI Securities Ltd.
account_balance SBI Capital Markets Ltd.
account_balance Motilal Oswal Investment Advisors Ltd.
account_balance Axis Capital Ltd.

timeline IPO Timeline

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Open

11 Mar 2026

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Close

13 Mar 2026

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Allotment

18 Mar 2026

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Listing

24 Mar 2026

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