What is the GMP of Raajmarg Infra InvIT IPO today?

The Grey Market Premium (GMP) for Raajmarg Infra InvIT IPO is currently ₹3.5. With an upper price band of ₹100, the estimated listing price is ₹103.5 per share, reflecting an expected listing gain of ~3.50%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Raajmarg Infra InvIT IPO?

The price band for Raajmarg Infra InvIT IPO is ₹99 to ₹100 per equity share. The minimum lot size is 150 shares, which requires a minimum retail application investment of ₹15,000.

What are the important dates for Raajmarg Infra InvIT IPO?

Raajmarg Infra InvIT IPO opens for subscription on 2026-03-11T00:00:00 and closes on 2026-03-13T00:00:00. The basis of allotment is scheduled for 2026-03-18T00:00:00, and shares are expected to list on 2026-03-24T00:00:00 on BSE, NSE.

How can I check the allotment status for Raajmarg Infra InvIT IPO?

You can check Raajmarg Infra InvIT IPO allotment status on the registrar's official portal (KFin Technologies Limited) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Raajmarg Infra InvIT IPO?

Investors can apply for Raajmarg Infra InvIT IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Raajmarg Infra InvIT IPO open and close?

The IPO opens on 11 Mar 2026, and closes on 13 Mar 2026.

What is Raajmarg Infra InvIT IPO price band?

The issue price band is ₹99.00 to ₹100.00 per equity share.

What is the Raajmarg Infra InvIT IPO lot size?

The minimum lot size is 150 shares per application.

What is the Raajmarg Infra InvIT IPO allotment date?

The allotment is scheduled on 18 Mar 2026.

Raajmarg Infra InvIT IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

6000.00 Cr

Price Band

₹99.00 - ₹100.00

Lot Size

150 Shares

Min Investment

₹15,000

GMP

₹3.5

Subscription

12.65x

₹26,724.45 Cr

11 Mar 2026

IPO Opens

COMPLETED

13 Mar 2026

IPO Closes

COMPLETED

18 Mar 2026

Basis of Allotment

COMPLETED

20 Mar 2026

Refunds

COMPLETED

23 Mar 2026

Demat Credit

COMPLETED

24 Mar 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

11 Mar 2026

IPO ClosesDONE

13 Mar 2026

Basis of AllotmentDONE

18 Mar 2026

RefundsDONE

20 Mar 2026

Demat CreditDONE

23 Mar 2026

ListingDONE

24 Mar 2026

About Raajmarg Infra InvIT IPO

Raajmarg Infra InvIT IPO open date is March 11, 2026 and the IPO will close on March 13, 2026. Raajmarg Infra InvIT IPO is a Book build Issue. The company to raise around ₹6,000 crores via IPO that comprises fresh issue of ₹6,000 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Raajmarg Infra InvIT IPO price band is ₹99 to ₹100 per share. The retail quota is 0%, QIB is 75%, and HNI is 25%. Raajmarg Infra InvIT IPO to list on BSE, NSE on March 24, 2026. The allotment of Raajmarg Infra InvIT IPO date is March 18, 2026.

IPO Details

Raajmarg Infra InvIT IPO Details and Specifications
IPO Date	11 Mar 2026 to 13 Mar 2026
Face Value	TBA
Price Band	₹99.00 - ₹100.00
Lot Size	150 Shares
Total Issue Size	Approx 6000.00 Cr 60,00,00,000 Equity Shares
Fresh Issue	Approx 6000.00 Cr 60,00,00,000 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	35%
Sale Type	Fresh Issue
Issue Type	Bookbuilding IPO
Listing Date	24 Mar 2026
Listing At	BSE & NSE
Total Subscription Amount	₹26,724.45 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	28,80,00,000	0.00%
- Anchor	17,28,00,000	0.00%
- QIB (Ex. Anchor)	11,52,00,000	0.00%
NII	9,60,00,000	0.00%
- bNII > ₹10L	TBA	0.00%
- sNII < ₹10L	TBA	0.00%
Retail	TBA	0.00%
Share Holders	TBA	0.00%
Market Maker	21,60,00,000	0.00%
Total	38,40,00,000	0.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	1	150	₹15,000
Individual investors (Retail) (Max)	13	1,950	₹1,95,000
S-HNI (Min)	14	2,100	₹2,10,000
S-HNI (Max)	66	9,900	₹9,90,000
B-HNI (Min)	67	10,050	₹10,05,000

About Company

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.

Contact Details

Raajmarg Infra Investment Trust

G – 5 & 6,

Sector 10

Dwarka

New Delhi, New Delhi, 110075

2507 4100-1524

compliance@riimpl.in

Visit Website

Registrar

KFin Technologies Limited

04079611000

riimpl.invit@kfintech.com

Lead Managers

Axis Capital Ltd

ICICI Securities Ltd

Motilal Oswal Investment Advisors Ltd

SBI Capital Markets Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
24-Mar-2026 12:00 PM	+₹3.5	₹103.5	+3.50%	₹525
23-Mar-2026 12:00 PM	+₹3.5	₹103.5	+3.50%	₹525
21-Mar-2026 12:00 PM	+₹3	₹103	+3.00%	₹450
20-Mar-2026 12:00 PM	+₹3	₹103	+3.00%	₹450
19-Mar-2026 12:00 PM	+₹3	₹103	+3.00%	₹450
18-Mar-2026 12:00 PM	+₹3	₹103	+3.00%	₹450
17-Mar-2026 12:00 PM	+₹3	₹103	+3.00%	₹450
16-Mar-2026 12:00 PM	+₹4	₹104	+4.00%	₹600
14-Mar-2026 12:00 PM	+₹3.5	₹103.5	+3.50%	₹525
13-Mar-2026 12:00 PM	+₹0	₹100	+0.00%	₹0
11-Mar-2026 02:00 PM	+₹0	₹100	+0.00%	₹0
10-Mar-2026 06:00 PM	+₹0	₹100	+0.00%	₹0
09-Mar-2026 07:05 AM	+₹0	₹100	+0.00%	₹0
08-Mar-2026 08:02 AM	+₹0	₹100	+0.00%	₹0
07-Mar-2026 08:00 AM	+₹0	₹100	+0.00%	₹0
06-Mar-2026 08:00 AM	+₹0	₹100	+0.00%	₹0
05-Mar-2026 08:00 AM	+₹0	₹100	+0.00%	₹0
04-Mar-2026 07:00 AM	+₹0	₹100	+0.00%	₹0
03-Mar-2026 02:00 PM	+₹0	₹100	+0.00%	₹0

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	17.09x	11,52,00,000	1,96,86,15,750	₹19,686.16 Cr
NII	7.33x	9,60,00,000	70,38,28,950	₹7,038.29 Cr
Total	12.65x	21,12,00,000	2,67,24,44,700	₹26,724.45 Cr

Objects of the Issue

01 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 : 5850.00 Cr
02 General purposes : 110.93 Cr
03 Issue Expenses : 39.07 Cr

Company Financials

Financials will be updated soon.

IPO Valuation - KPI

KPI details will be updated soon.

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
IRB Invit Fund	-	-	79.50	-	-
National Highways Infra Trust	-	-	145.80	-	-
Interise Trust	-	-	104.18	-	-
Vertis Infrastructure Trust	-	-	103.35	-	-
Cube Highways Trust	-	-	142.70	-	-

IPO Anchor Investors

Anchor Investors Letter (PDF)

Promoters and Holding Pattern

Promoter details will be updated soon.

Holding pattern details will be updated soon.

Strengths

1. The Sponsor of the Trust is the National Highways Authority of India (NHAI), a government agency responsible for developing, maintaining, and managing national highways in India. Its established experience in highway development and operations is expected to support the Trust’s foundation.
2. The Trust will hold a portfolio of five toll road projects in India, each with a concession period of 15 years. These projects form part of the Golden Quadrilateral highway network and serve a mix of passenger and commercial vehicles, which is expected to support consistent revenue generation and relatively stable cash flows.
3. The initial portfolio includes five toll roads across Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka under the Toll Operate Transfer model introduced by NHAI. Four roads are located in southern India and one in eastern India. The Trust states that these strategically located corridors have experienced traffic growth due to improved connectivity and increasing economic activity, supporting future traffic growth prospects.
4. The Concession Agreements to be signed by the Project SPV are expected to carry lower counterparty risk because they are entered into with NHAI, a statutory government authority with strong creditworthiness.
5. The Trust will operate under a long-term Transitional Support Agreement among the Sponsor, Project Manager, and Project SPV. This agreement is designed to ensure a smooth transfer of toll road operations from contractors appointed by NHAI to the Project SPV, allowing the Trust to benefit from the Sponsor’s experience in operations, maintenance, and toll collection activities.

Risks

1. The Trust was established on November 24, 2025. As a newly formed trust, it has no operating track record or substantial historical financial data, making it difficult for investors to evaluate its expected performance and that of the Project SPV. There is no guarantee that the project SPV will generate sufficient cash flow from the InvIT assets to distribute returns to unitholders.
2. Future distributions will depend on several factors, including the Project SPV’s earnings, financial position, cash flows, working capital requirements, and capital expenditure. The Trust’s income will also depend on dividends, interest payments, and debt repayments received from the Project SPV. Insufficient profits could adversely affect the Trust’s income, cash flow, and ability to distribute returns to unitholders.
3. The Trust relies on the Investment Manager, Project Manager, and Trustee to manage its assets and operations. Failure by any of these parties to perform their duties properly could negatively affect the Trust’s financial condition and operational results. Additionally, the Trust and its unitholders may have limited rights to recover claims against these parties.
4. The Trust operates under various regulations, including the InvIT Regulations and the Securities Contracts (Regulation) Act, 1956. These regulatory frameworks are still developing and subject to interpretation. Regulatory changes or uncertainties may restrict certain investors from investing in the units and negatively affect the Trust’s business, financial condition, and ability to distribute returns.
5. Traffic volumes on toll roads generally decline during the monsoon season and increase during holiday periods. The Trust’s business is exposed to seasonal variations and broader economic cycles, which could adversely affect its business performance.
6. Toll rates, toll collections, and traffic volumes depend on regulatory controls and the number of road users. These factors are influenced by external conditions beyond the Trust’s control. Adverse fluctuations in toll rates or collections could negatively affect the Trust’s financial condition.
7. Sudden changes in government policies or in the relationship between the Trust and government authorities could adversely affect the Trust’s business operations, financial performance, and ability to make distributions to unitholders.

Frequently Asked Questions (FAQ)

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About Raajmarg Infra InvIT IPO

IPO Details

Raajmarg Infra InvIT IPO Details and Specifications
IPO Date	11 Mar 2026 to 13 Mar 2026
Face Value	TBA
Price Band	₹99.00 - ₹100.00
Lot Size	150 Shares
Total Issue Size	Approx 6000.00 Cr 60,00,00,000 Equity Shares
Fresh Issue	Approx 6000.00 Cr 60,00,00,000 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	35%
Sale Type	Fresh Issue
Issue Type	Bookbuilding IPO
Listing Date	24 Mar 2026
Listing At	BSE & NSE
Total Subscription Amount	₹26,724.45 Cr

Investor Category

Shares Offered

% Net Issue

QIB

28,80,00,000

0.00%

- Anchor

17,28,00,000

0.00%

- QIB (Ex. Anchor)

11,52,00,000

0.00%

NII

9,60,00,000

0.00%

- bNII > ₹10L

TBA

0.00%

- sNII < ₹10L

TBA

0.00%

Retail

TBA

0.00%

Share Holders

TBA

0.00%

Market Maker

21,60,00,000

0.00%

Total

38,40,00,000

0.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

150

₹15,000

Individual investors (Retail) (Max)

1,950

₹1,95,000

S-HNI (Min)

2,100

₹2,10,000

S-HNI (Max)

9,900

₹9,90,000

B-HNI (Min)

10,050

₹10,05,000

About Company

Contact Details

Raajmarg Infra Investment Trust

G – 5 & 6,

Sector 10

Dwarka

New Delhi, New Delhi, 110075

2507 4100-1524

compliance@riimpl.in

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

24-Mar-2026 12:00 PM

+₹3.5

₹103.5

+3.50%

₹525

23-Mar-2026 12:00 PM

+₹3.5

₹103.5

+3.50%

₹525

21-Mar-2026 12:00 PM

+₹3

₹103

+3.00%

₹450

20-Mar-2026 12:00 PM

+₹3

₹103

+3.00%

₹450

19-Mar-2026 12:00 PM

+₹3

₹103

+3.00%

₹450

18-Mar-2026 12:00 PM

+₹3

₹103

+3.00%

₹450

17-Mar-2026 12:00 PM

+₹3

₹103

+3.00%

₹450

16-Mar-2026 12:00 PM

+₹4

₹104

+4.00%

₹600

14-Mar-2026 12:00 PM

+₹3.5

₹103.5

+3.50%

₹525

13-Mar-2026 12:00 PM

+₹0

₹100

+0.00%

₹0

11-Mar-2026 02:00 PM

+₹0

₹100

+0.00%

₹0

10-Mar-2026 06:00 PM

+₹0

₹100

+0.00%

₹0

09-Mar-2026 07:05 AM

+₹0

₹100

+0.00%

₹0

08-Mar-2026 08:02 AM

+₹0

₹100

+0.00%

₹0

07-Mar-2026 08:00 AM

+₹0

₹100

+0.00%

₹0

06-Mar-2026 08:00 AM

+₹0

₹100

+0.00%

₹0

05-Mar-2026 08:00 AM

+₹0

₹100

+0.00%

₹0

04-Mar-2026 07:00 AM

+₹0

₹100

+0.00%

₹0

03-Mar-2026 02:00 PM

+₹0

₹100

+0.00%

₹0

Raajmarg Infra InvIT IPO Details

About Raajmarg Infra InvIT IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

IPO Anchor Investors

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Raajmarg Infra InvIT IPO open and close?

What is Raajmarg Infra InvIT IPO price band?

What is the Raajmarg Infra InvIT IPO lot size?

What is the Raajmarg Infra InvIT IPO allotment date?

What is the Raajmarg Infra InvIT IPO listing date?

What is the minimum investment required in Raajmarg Infra InvIT IPO?

Join the discussion

Raajmarg Infra InvIT IPO Details

About Raajmarg Infra InvIT IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

IPO Anchor Investors

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Raajmarg Infra InvIT IPO open and close?

What is Raajmarg Infra InvIT IPO price band?

What is the Raajmarg Infra InvIT IPO lot size?

What is the Raajmarg Infra InvIT IPO allotment date?

What is the Raajmarg Infra InvIT IPO listing date?

What is the minimum investment required in Raajmarg Infra InvIT IPO?

Join the discussion