Raajmarg Infra Investment Trust IPO Opens for Subscription Tomorrow, March 10, 2026

Raajmarg Infra Investment Trust is set to open its initial public offering on March 11, 2026, as a fully fresh issue totalling ₹6,000.00 crore. The offer comprises 60.00 crore units and carries no offer‑for‑sale component.

The subscription window will remain open until March 13, 2026, followed by the allotment finalisation on March 18, 2026. The units are expected to list on BSE and NSE on March 24, 2026, subject to timelines and regulatory processes.

IPO Structure and Key Dates

The Trust’s offer structure is entirely fresh, with proceeds intended for acquiring and managing operational road assets. The book-built issue has been priced between ₹99 and ₹100 per unit, offering a narrow band for bidders.

Sponsor, Lead Manager and Registrar

The Trust is sponsored by NHAI, operating under the Ministry of Road Transport and Highways. This provides a government-backed anchor to the IPO framework. SBI Capital Markets Ltd. has been appointed as the book running lead manager, bringing experience in handling large infrastructure-linked issuances.

Kfin Technologies Ltd. will serve as the registrar, managing allotment and investor servicing. The combination of these entities supports operational continuity and administrative oversight during the offer period.

Road Asset Portfolio Overview

The Trust’s portfolio comprises 5 operational toll road assets developed under NHAI’s Toll Operate Transfer (TOT) model. These assets are spread across 4 states and cover approximately 260.198 km along the Golden Quadrilateral.

• Gorhar – Barwa Adda
• Chilakaluripet – Vijayawada
• Chennai Bypass
• Chennai – Tada
• Nelamangala – Tumkur

Operating Framework and Purpose

The Trust has been set up to acquire, operate, and maintain completed road infrastructure assets across India. The TOT model enables long-term tolling rights in exchange for upfront payments, supported by defined operational obligations.

The 5 roads in the portfolio are already revenue-generating, which aligns with the Trust’s focus on operational assets rather than developmental projects. The concession agreements detail the rights, responsibilities, performance standards, and toll-collection permissions that guide day-to-day functioning.

Read More: NSE Moves Closer to IPO as Plans to Appoint Merchant Bankers Progress.

Conclusion

Raajmarg Infra Investment Trust’s ₹6,000.00 crore IPO offers a fully fresh issue priced at ₹99–₹100 per unit. The subscription period runs from March 11, 2026, to March 13, 2026, with allotment due on March 18, 2026.

Listing is tentatively scheduled for March 24, 2026, on BSE and NSE. The Trust’s 5‑asset toll road portfolio, backed by NHAI and governed through defined TOT concession terms, forms the core of its operating model.

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.