NHAI-backed Raajmarg Infra Investment Trust Rs 60 Bn IPO Opens
ROADS & HIGHWAYS

NHAI-backed Raajmarg Infra Investment Trust Rs 60 Bn IPO Opens

National Highways Authority of India (NHAI)-backed Raajmarg Infra Investment Trust has set an initial public offering of Rs 60 billion (Rs 60 bn) that will open on 11 March. The offer size was presented in the filing as six thousand crore in headline materials, which converts to the stated billion figure. The trust is structured as an infrastructure investment vehicle offering units to investors. The filing and related market notices provided the basic timetable and pricing information ahead of subscription.

The price band has been set at Rs 99-100 per unit and investors will be able to bid within that range when the offer opens. The issuance is expected to attract a mix of retail and institutional demand given the backing of NHAI and the scale of the offering. Detailed subscription procedures and eligibility criteria will be disclosed in the offer document and by the designated registrars. Preliminary indications of demand will emerge during early bidding phases and will inform allotment expectations.

The timing of the offer follows a period of renewed activity in the equity and investment trust markets, with market participants monitoring liquidity and appetite for infrastructure assets. Market analysts noted that a large issue size at the bn level may draw attention from long-term yield seeking investors and asset allocators. The placement may also be seen as a test of investor appetite for asset monetisation structures.

Prospective investors and advisors are expected to review the prospectus and track the book building process as the opening date approaches. The issuing trust and its managers will provide clarifications on allotment, listing timetable and lock in provisions in official filings. Market participants should consult the primary offer documents and the registry for definitive terms and timelines. Investors should also consider prevailing market conditions and their own investment horizons before subscribing.

National Highways Authority of India (NHAI)-backed Raajmarg Infra Investment Trust has set an initial public offering of Rs 60 billion (Rs 60 bn) that will open on 11 March. The offer size was presented in the filing as six thousand crore in headline materials, which converts to the stated billion figure. The trust is structured as an infrastructure investment vehicle offering units to investors. The filing and related market notices provided the basic timetable and pricing information ahead of subscription. The price band has been set at Rs 99-100 per unit and investors will be able to bid within that range when the offer opens. The issuance is expected to attract a mix of retail and institutional demand given the backing of NHAI and the scale of the offering. Detailed subscription procedures and eligibility criteria will be disclosed in the offer document and by the designated registrars. Preliminary indications of demand will emerge during early bidding phases and will inform allotment expectations. The timing of the offer follows a period of renewed activity in the equity and investment trust markets, with market participants monitoring liquidity and appetite for infrastructure assets. Market analysts noted that a large issue size at the bn level may draw attention from long-term yield seeking investors and asset allocators. The placement may also be seen as a test of investor appetite for asset monetisation structures. Prospective investors and advisors are expected to review the prospectus and track the book building process as the opening date approaches. The issuing trust and its managers will provide clarifications on allotment, listing timetable and lock in provisions in official filings. Market participants should consult the primary offer documents and the registry for definitive terms and timelines. Investors should also consider prevailing market conditions and their own investment horizons before subscribing.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code