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

09 Mar 2026 CW Team

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.

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