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Raajmarg Infra Investment Trust (InvIT) IPO Details 2026

₹99 - ₹100Price Band
₹6,000 Cr.Issue Size
150 sharesLot Size
Infrastructure Investment TrustSector
Issue Open
March 11, 2026
Book Build
Issue Close
March 13, 2026
1 Lot
Allotment Date
March 18, 2026
Lot size: 150 shares
Listing Date
March 24, 2026
NSE BSE

All About Raajmarg Infra Investment Trust

The Raajmarg Infra Investment Trust IPO size is ₹6,000 crore. This issue consists only of a fresh issue. The IPO issue opens on March 11, 2026, and closes on March 13, 2026. The share allotment is expected on March 18, 2026. The listing date is March 24, 2026. Raajmarg Infra Investment Trust is based in New Delhi. It operates in the Infrastructure sector. The Trust filed its DRHP on December 22, 2025. It will list its shares on both the NSE and BSE. Kfin Technologies Ltd. is the registrar. SBI Capital Markets Ltd. serves as the lead merchant banker for the offer.

IPO Highlights

IPO Details
Total Issue ₹6,000 Cr.
Fresh Issue ₹6,000 Cr.
Offer for Sale
IPO Price Band ₹99 to ₹100
Face Value
Lot Size 150 Shares
Listed on NSE BSE
IPO Dates
DRHP Filed December 22, 2025
Issue Open March 11, 2026
Issue Close March 13, 2026
Allotment Date March 18, 2026
Refunds Initiation March 20, 2026
Credit of Shares March 23, 2026
Listing Date March 24, 2026

IPO Reservation and Lot Size

The company has reserved shares for various investor categories. The Institutional Investors’ reservation is 75% (28,80,00,000 shares). The Strategic Investors have 25% (21,60,00,000 shares). Further, the minimum lot size is 150 shares. The anchor investor reservation is ₹1,728 crore (17,28,00,000 shares).

IPO Reservation
QIB28,80,00,000 (75%)
  − Anchor Investor17,28,00,000
− Strategic Investors21,60,00,000 (25%)
NII (HNI)9,60,00,000
− bNII > ₹10L
− sNII < ₹10L
Retail
Total60,00,00,000 (100%)
IPO Lot Size
Retail (Min) | 2 Lot
Retail (Max) | 2 Lot
S-HNI (Min) | 3 Lot
S-HNI (Max)| 8 Lot
B-HNI (Min) | 9 Lot

On December 22, 2025, the InvIT filed its Draft Red Herring Prospectus. The Red Herring Prospectus is available to understand the business operations, financials, and the risks involved.

IPO GMP

The Grey Market Premium indicates the extra price that people pay in the unofficial market. This value changes daily based on demand for the shares. Track live GMP Today here.

Financial Performance (₹ in Cr)

Period Ended31 Mar 2025

31 Mar 202431 Mar 202331 Mar 2022
Total Income25.6526.8132.3434.13
Profit After Tax(841.40)(803.77)(715.95)(587.88)
EBITDA
Net Worth

Raajmarg Infra Investment Trust IPO Review

You must assess the company’s financial position before deciding on investments. You can read our full review article here.

Disclaimer: The information provided on this website is for general informational purposes only. Before making any investment decisions, you must consult with a qualified financial adviser.

IPO Financial Snapshot

IPO Objectives
FInfusion of debt and equity into the Project SPV ₹5,850.00 Cr.
General Corporate Purposes ₹110.93 Cr.
Total Fund Requirement ₹5,960.93 Cr.
IPO Key Metrics
Pre IPO EPS
Earnings Per Share
Post IPO EPS
Earnings Per Share
Pre IPO P/E
Price to Earnings
Post IPO P/E
Price to Earnings
Market Capitalization
Post-IPO Market Cap

✅Strengths

  • The National Highways Authority of India sponsors this Trust.
  • The Trust owns five busy road assets in India.
  • These roads are part of the Golden Quadrilateral network.
  • Government policies support the infrastructure sector.
  • Cash flow comes from long-term toll collection.

⚠️Weaknesses

  • The Trust has no previous operating history.
  • The Sponsor has reported losses in recent years.
  • Toll collection depends on traffic volume.
  • Maintenance costs can increase over time.

Raajmarg Infra Investment Trust Details

Raajmarg Infra Investment Trust began operations in 2025. The company operates in the Infrastructure sector. It manages toll roads for the Indian market. The team provides road maintenance services to clients. Its main office is in New Delhi. The firm employs various workers in management departments. Its leadership team has extensive industry experience. The Trust holds SEBI registration for its operations.

Main Offerings:

  •  Toll collection on national highways.
  • Operation of road infrastructure assets.
  • Maintenance of key economic corridors.

Key Strength:

  • Strong backing from NHAI.
  • High-quality road portfolio.
  • Diversified assets across four states.

 Address: G-5 & 6, Sector 10, Dwarka, New Delhi, 110075.

You can contact the company via call or email.

+91-11-25074100 / compliance@riimpl.in

Intermediaries & Key Contacts

Official stakeholders managing the IPO process
REGISTRAR
Kfin Technologies Ltd.
040-67162222
riimpl.invit@kfintech.com
LEAD MANAGER
SBI Capital Markets Ltd., Axis Capital Ltd., ICICI Securities Ltd., and More
Visit important links for more information:
Sanjay Bambhaniya
Sanjay Bambhaniya
Sanjay has 8+ years of experience in data-driven IPO insights. His expertise in digital marketing and web development complements his financial knowledge and helps him to develop effective fintech solutions. He is an entrepreneur and director who helps investors understand complex primary market trends in easy-to-understand IPO reports, news, and updates.
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