NHAI-Backed Raajmarg InvIT to Launch ₹6,000 Crore IPO on March 11

Raajmarg Infra Investment Trust (RIIT), backed by the National Highways Authority of India (NHAI), is set to tap the capital markets with a ₹6,000 crore Initial Public Offering (IPO).

As per a public notice released on March 2, the InvIT’s first public issue will open for subscription on March 11 and conclude on March 13. Anchor investors will get an early window to bid on March 10.

Issue Size Increased

According to the Red Herring Prospectus (RHP), the total issue size has been fixed at up to ₹6,000 crore, higher than the ₹5,700 crore proposed in the draft papers filed in January.

The upward revision reflects growing investor interest in infrastructure-backed investment instruments, especially at a time when demand for stable, income-generating assets is on the rise.

Boost to Highway Asset Monetisation

The proposed offering marks an important step in broadening public participation in India’s road infrastructure programme. By leveraging the InvIT structure, NHAI plans to unlock value from revenue-generating national highway projects and channel it into a structured investment platform.

The vehicle is designed to provide relatively stable and predictable returns, making it attractive particularly to retail investors and domestic institutions seeking long-term yield-oriented assets.

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