Raajmarg Infra InvIT IPO
Market Sentiment
Market Lot Size
IPO Details
IPO Reservation
Financial Analysis
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | - | - | - |
| Expense | - | - | - |
| Profit (PAT) | - | - | - |
| Total Assets | - | - | - |
Promoters: To be updated soon
Company Information
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.
| 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
Raajmarg Infra Investment Trust, G – 5 & 6,, Sector 10, Dwarka, New Delhi, New Delhi, 110075
Raajmarg Infra InvIT has set a price band of Rs 99–Rs 100 per share for an issue size of Rs 6,000 crore. The stock listed with a 7.00% gain versus its issue price on March 24, 2026.
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 issue is promoted by To be updated soon with SBI Capital Markets Ltd., Axis Capital Ltd., ICICI Securities Ltd., Motilal Oswal Investment Advisors Ltd. acting as lead manager. Net proceeds will primarily be used towards Infusion of debt and equity into the Project SPV, which shall be utilized by the Project SPV for the payment of concessi… (Rs 5,850 crore) and General purposes.
Final subscription data records overall subscription at 13.74x, QIB at 19.14x.
Our data-driven engine currently flags this issue as a Subscribe call — the composite picture tilts favourable, though not without some caveats. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
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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