Raajmarg Infra Investment Trust IPO
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Raajmarg Infra Investment Trust IPO details
Schedule of Raajmarg Infra Investment Trust
| Issue open date | 11 Mar 2026 |
| Issue close date | 13 Mar 2026 |
| UPI mandate deadline | 13 Mar 2026 (5 PM) |
| Allotment finalization | 18 Mar 2026 |
| Refund initiation | 20 Mar 2026 |
| Share credit | 23 Mar 2026 |
| Listing date | 24 Mar 2026 |
| Mandate end date | 28 Mar 2026 |
| Lock-in end date for anchor investors (50%) | 13 Apr 2026 |
| Lock-in end date for anchor investors (remaining) | 12 Jun 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Raajmarg Infra Investment Trust
Raajmarg Infra Investment Trust (“Raajmarg InvIT”) is an infrastructure investment trust established in India on November 24, 2025, under the Indian Trusts Act, 1882 and registered with SEBI as an InvIT on December 22, 2025. The Trust is sponsored by the National Highways Authority of India (NHAI), with Raajmarg Infra Investment Managers Private Limited acting as the Investment Manager and IDBI Trusteeship Services Limited as the Trustee. The Trust has been formed to invest in and manage operational national highway assets through special purpose vehicles (SPVs), primarily under concession arrangements. Its portfolio includes toll-operating road assets such as Chennai Bypass, Chennai–Tada, Chilakaluripet–Vijayawada, Gorhar–Barwa Adda, and Neelmangla–Tumkur sections of national highways. Raajmarg InvIT’s business model focuses on generating stable cash flows from toll collections and highway operation and maintenance activities, with income distributed to unitholders in accordance with InvIT regulations. The Trust raises capital from investors through listed units and deploys the proceeds into infrastructure assets via its project SPV. Backed by NHAI and operating in the strategic road infrastructure sector, the Trust benefits from government sponsorship, long-term concession assets, and predictable traffic-linked revenue streams, positioning it as a platform for infrastructure investment and yield-oriented returns.
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 6000 |
| Fresh Issue – Proceeds go to the company | 6000 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Infusion of debt and equity into Project SPV to pay concession value to NHAI | 5850 (97.50%) |
| General purposes | 150 (2.50%) |
Strengths
- Backed by NHAI, providing strong government sponsorship and credibility.
- Portfolio of five operational toll road assets across multiple states in India.
- Exclusive rights to collect tolls under concession agreements, supporting stable revenue.
- Managed by an experienced investment manager with expertise in road infrastructure.
- Exposure to key national highway corridors with strong traffic demand potential.
Risks
- Newly established trust with no operating history or long-term financial track record.
- Revenue depends heavily on toll traffic volumes and regional economic activity.
- Governmental regulatory or policy changes may impact operations.
- Infrastructure projects may face environmental, social, or land-related challenges.
- Business depends on government approvals and the infrastructure monetisation framework.