Raajmarg Infra InvIT IPO Opens, Secures ₹1,728 Crore from Anchors
Raajmarg Infra Investment Trust (InvIT), NHAI’s inaugural public infrastructure investment trust, launched its ₹6,000 crore IPO Wednesday, with the subscription period closing Friday. The IPO follows a ₹1,728 crore anchor investment.
- Price Band: ₹99-₹100 per unit.
- Anchor Investors: 17.28 crore units allocated to entities including LIC and ICICI Prudential Life Insurance.
- Subscription Status: The IPO was 5% subscribed on day one.
- Allotment & Listing: Allotment is expected March 18, with BSE/NSE listing projected for March 24.
Leave a Reply