NHAI-Backed Raajmarg Infra Trust Rs 60 bn IPO Opens on 11 March

10 Mar 2026 CW Team

The trust will list units to provide investors with exposure to revenue-generating highway assets held by entities promoted or supported by NHAI. Subscription details, allotment dates and lead managers were not disclosed in the brief release accompanying the announcement. Market observers noted that large infrastructure trust listings can attract long term investor interest given steady cash flows from toll and annuity arrangements. The size and structure of the issue will be evaluated against recent comparable listings.

Analysts said the size of the offering, at Rs 60 bn, positions the trust among sizeable infrastructure capital raises this year and could set benchmarks for yields and valuation of similar assets. The trust is expected to use the proceeds to fund asset acquisitions and repay existing borrowings, according to standard industry practice noted in similar filings. Regulators and market participants will monitor the issue to assess appetite for infrastructure securities in the current macroeconomic environment.

Investors were advised to review the offer document and consult their financial advisers before bidding, as decisions will depend on individual risk appetites and investment horizons. The launch comes amid a pipeline of infrastructure-related listings and renewed investor interest in assets with predictable cash flows. Pricing at the stated band will be closely examined for signals on investor valuation of toll and annuity assets. Market participants will watch subscription momentum when the issue opens on 11 March.

National Highways Authority of India (NHAI)-backed Raajmarg Infrastructure Investment Trust (the trust) is set to open an initial public offering on 11 March to raise Rs 60 bn. The issue has been priced in a band of Rs 99-100 per unit and will invite bids from retail and institutional investors. The offering represents a significant capital raising in the infrastructure investment trust market. The issue may attract long term capital investors. The trust will list units to provide investors with exposure to revenue-generating highway assets held by entities promoted or supported by NHAI. Subscription details, allotment dates and lead managers were not disclosed in the brief release accompanying the announcement. Market observers noted that large infrastructure trust listings can attract long term investor interest given steady cash flows from toll and annuity arrangements. The size and structure of the issue will be evaluated against recent comparable listings. Analysts said the size of the offering, at Rs 60 bn, positions the trust among sizeable infrastructure capital raises this year and could set benchmarks for yields and valuation of similar assets. The trust is expected to use the proceeds to fund asset acquisitions and repay existing borrowings, according to standard industry practice noted in similar filings. Regulators and market participants will monitor the issue to assess appetite for infrastructure securities in the current macroeconomic environment. Investors were advised to review the offer document and consult their financial advisers before bidding, as decisions will depend on individual risk appetites and investment horizons. The launch comes amid a pipeline of infrastructure-related listings and renewed investor interest in assets with predictable cash flows. Pricing at the stated band will be closely examined for signals on investor valuation of toll and annuity assets. Market participants will watch subscription momentum when the issue opens on 11 March.

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

Real Estate

04 Aug 2026

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Infrastructure Energy

04 Aug 2026

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..