Raajmarg Infra Investment Trust will open its ₹6,000 crore Initial Public Offering (IPO) for investors on Wednesday, March 11, 2026. The issue will remain open till Friday, March 13, 2026, while the anchor investor bidding will take place on March 10.
The price band for the issue has been fixed at ₹99–₹100 per unit. Investors can bid for a minimum of 150 units and in multiples of 150 units thereafter.
The InvIT is sponsored by the National Highways Authority of India (NHAI) and has been established to acquire, operate, and maintain highway infrastructure assets. The initial portfolio of the trust includes five toll road projects located across Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka. These projects operate under NHAI’s Toll Operate Transfer (TOT) model.
The net proceeds from the issue will primarily be used to infuse debt and equity into the project Special Purpose Vehicle (SPV), which will be used to pay the concession value of the InvIT assets to NHAI. A portion of the funds will also be used for general corporate purposes.
The units are proposed to be listed on the National Stock Exchange of India (NSE) and BSE Limited (BSE), which have already granted in-principle approval for the listing.
The IPO’s Book Running Lead Managers include SBI Capital Markets Limited, Axis Capital Limited, ICICI Securities Limited, and Motilal Oswal Investment Advisors Limited.
