Raajmarg Infra InvIT IPO

Listed Mainboard
Open Mar 11
Close Mar 13
Allotment Mar 18
Refund Mar 20
Listing Mar 24

Market Sentiment

Grey Market Premium What is GMP?
GMP data not available yet
Subscription Status
QIB
19.14x
HNI
0.00x
Retail
0.00x
Others
6.92x
Total
13.74x
Updated: Mar 13, 2026 4:45 pm IST
Analysis Score 62 / 100
Data: 45%
Subscription Score 85
Financial Health 15

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 1 150 ₹15,000

IPO Details

Issue Price₹99-100 per equity share
Face Value₹10 Per Equity Share
Lot Size 150 shares (Min ₹15,000)
Total Issue Size ₹6,000.00 crore
Fresh Share₹6,000.00 crore
Issue TypeBook build Issue
Lead ManagerSBI Capital Markets Ltd., Axis Capital Ltd., ICICI Securities Ltd., Motilal Oswal Investment Advisors Ltd.
RegistrarKfin Technologies Ltd.
Listing atBoth
BSE Code544734
NSE SymbolRIIT
ISININE2PB023011
Listing Price₹107.00
Listing Gain+7.00%

IPO Reservation

Category Shares Offered
QIB11,63,63,400
NII (HNI)9,69,69,750
bNII > ₹10L6,46,46,500
sNII < ₹10L3,23,23,250
Others15,00,00,000
Anchor17,28,00,000

Financial Analysis

Financial Data
Debt/Equity
5,850.00
Financial Performance
Metric 2023 2024 2025
Revenue - - -
Expense - - -
Profit (PAT) - - -
Total Assets - - -
Values in Crores (₹)
Peer Comparison
Company P/E EPS Market Cap (Cr)
Promoters & Holding Pattern

Promoters: To be updated soon

Company Information

About Raajmarg Infra InvIT

Raajmarg Infra Investment Trust is a SEBI-registered trust built to purchase, manage, and maintain working road infrastructure projects in India. The Raajmarg fund is sponsored by the National Highways Authority of India (NHAI), an independent authority under the Ministry of Road Transport and Highways, Government of India. The company’s toll road portfolio includes the Gorhar–Barwa Adda, Chilakaluripet–Vijayawada, Chennai Bypass, Chennai–Tada, and Nelamangala–Tumkur highway stretches. The trust is managed by a team of qualified professionals who have 20 years of experience in the road and highways sector. Moreover, the trust is also planning to start five operational toll road projects situated in Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka, spanning a length of about 260 km.

Objects of the Issue
Purpose Amount (Cr)
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 -

Resources & Documents

Anchor Investors
Anchor Bidding Date
March 10, 2026
Shares Offered to Anchors
17,28,00,000
Lock-in End (30 Days, 50%)
April 17, 2026
Company Contact Information

Raajmarg Infra Investment Trust, G – 5 & 6,, Sector 10, Dwarka, New Delhi, New Delhi, 110075

Frequently Asked Questions

Raajmarg Infra InvIT IPO is Mainboard IPO. The company is going to raise ₹6,000 Crores via IPO. The issue is priced at ₹99 to ₹100 per equity share. The IPO is to be listed on BSE & NSE.

The IPO is to open on March 11, 2026 for QIB, NII, and Retail Investors. The IPO will close on March 13, 2026.

The investors’ portion for QIB is 75%, NII is 25%, and Retail is 0%.

You can apply for Raajmarg Infra InvIT IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

Raajmarg Infra InvIT IPO issue size is ₹6,000 crores.

Raajmarg Infra InvIT IPO Price Band is ₹99 to ₹100.

The minimum bid is 150 Shares with ₹15,000 amount.

Raajmarg Infra InvIT IPO allotment date is March 18, 2026.

Raajmarg Infra InvIT IPO listing date is March 24, 2026. The IPO is to list on BSE & NSE.

Understanding Grey Market Premium (GMP)

The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.

How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.

Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.

Factors that influence GMP:

  • Subscription levels — Higher subscription typically drives GMP up
  • Market conditions — Bullish markets tend to boost GMP across all IPOs
  • Company fundamentals — Strong financials and growth potential attract premium
  • Industry sentiment — Positive outlook for the sector can increase demand
  • IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP

Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.

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