Raajmarg Infra Investment Trust IPO is a book-built issue worth ₹6,000 crore and consists entirely of a fresh issue of 60 crore shares. The public offering opened for subscription on March 11, 2026, and will close on March 13, 2026.
The allotment of shares is expected to be finalised on March 18, 2026, while the tentative listing date has been scheduled for March 24, 2026. The units are proposed to be listed on BSE and NSE. The IPO has been priced in the band of ₹99 to ₹100 per share.
The IPO of Raajmarg Infra Investment Trust was subscribed 1.05 times overall as of 11:29 AM on March 13, 2026 (Day 3 of bidding). The Qualified Institutional Buyers (QIBs), excluding anchor investors, subscribed 0.62 times. Meanwhile, the Non-Institutional Investor (NII) category recorded a subscription of 1.56 times.
Raajmarg Infra Investment Trust InvIT has launched a ₹6,000 crore IPO through the book-building route, comprising a fresh issue of 60 crore shares. The subscription window opened on March 11, 2026, and will remain available to investors until March 13, 2026.
Following the closure of the issue, the share allotment is likely to be completed by March 18, 2026, with a tentative listing scheduled for March 24, 2026, on BSE and NSE. The price band for the issue has been fixed at ₹99 to ₹100 per share.
As of 11:29 AM on March 13, 2026, the IPO of Raajmarg Infra Investment Trust received an overall subscription of 1.05 times on Day 3. The NII segment led the demand with 1.56 times subscription, whereas the QIB category (excluding anchor investors) saw bids worth 0.62 times the allotted quota.
The table below breaks down the Raajmarg Infra Investment Trust share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| QIB Shares Offered | 28,91,63,400 (56.46%) |
| − Anchor Investor Shares Offered | 17,28,00,000 (33.74%) |
| − QIB (Ex. Anchor) Shares Offered | 11,63,63,400 (22.72%) |
| NII (HNI) Shares Offered | 9,69,69,750 (18.93%) |
| Retail Shares Offered | - |
| Strategic Investor Shares Offered | 12,60,00,000 (24.60%) |
| Total Shares Offered | 51,21,33,150 (100.00%) |
| Category | Subscription (times) |
| Qualified Institutional Buyers | 0.62 |
| Non-Institutional Investors | 1.56 |
| Total shares | 1.05 |
Note: The subscription details are as of March 13, 2026
Raajmarg Infra Investment Trust is an infrastructure investment trust established to acquire, operate, and manage operational road infrastructure assets across India. The Trust was incorporated and registered with the Securities and Exchange Board of India under the InvIT Regulations on December 22, 2025.
The InvIT’s toll road portfolio includes several key highway stretches such as Gorhar–Barwa Adda, Chilakaluripet–Vijayawada, Chennai Bypass, Chennai–Tada, and Nelamangala–Tumkur. The Trust is sponsored by the National Highways Authority of India, which operates under the Ministry of Road Transport and Highways, Government of India.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 13, 2026, 11:43 AM IST
Nikitha Devi
Nikitha is a content creator with 7+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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