Raajmarg Infra InvIT IPO Subscribed, Listing Expected March 24
Raajmarg Infra Investment Trust InvIT’s ₹6,000 crore IPO closed Friday with 1.05x subscription. The issue, backed by NHAI, garnered significant anchor investor interest, raising ₹1,728 crore.
- Price Band: ₹99-₹100 per unit
- Anchor Investors: LIC, ICICI Prudential Life Insurance, etc. invested ₹100 per unit
- Allocation: 75% for QIBs, 25% for NIIs
- Grey Market Premium: ₹0
- Listing Dates: Allotment March 18, Refunds March 20, Listing March 24
The IPO aims to monetize national highway assets, offering long-term investment, primarily for retail and domestic investors. NII portion was booked 1.56x, while QIBs received 62% bids.
