Raajmarg Infra InvIT IPO GMP today is Rs 7. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
RIIT
Raajmarg Infra InvIT IPO GMP, Subscription & Allotment Status Today
Raajmarg Infra Investment Trust (InvIT) IPO is a ₹6,000 crore infrastructure investment trust issue backed by the National Highways Authority of India (NHAI). The IPO opened for subscription from 11 March to 13 March 2026 with a price band of ₹99–₹100 per unit and a minimum lot size of 150 units (around ₹15,000 investment). The trust invests in operational national highway projects across India, generating revenue mainly from toll and infrastructure assets. Funds raised from the IPO will support highway asset monetization and infrastructure development, while offering investors potential stable income through infrastructure cash flows.
- Price Band
- ₹99.00 - ₹100.00
- Lot Size
- 150 Shares
- Bidding Closes
- 13 Mar 2026
- Listing Date
- 24 Mar 2026
Current GMP Status
₹7
+7% vs upper band
Est. Listing Gain
+7.00%
Last Trend
24 Mar 2026
Listing Price
₹107.00
Retail Entry
₹15,000
IPO Details
Complete IPO information
| Current GMP | ₹7 |
|---|---|
| Estimated Listing Gain | +7.00% |
| Price Band | ₹99.00 - ₹100.00 |
| Issue Price | Approx ₹100.00 Crores |
| Listing Price | ₹107.00 |
| Lot Size | 150 Shares |
| Issue Type | Mainboard |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | 0.16x |
| Listing Date | 24 Mar 2026 |
| Minimum Investment | ₹15,000 |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Raajmarg Infra InvIT is priced at ₹100 per share. With a minimum lot size of 150 shares, a retail investor applying for one lot would need approximately ₹15,000 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Raajmarg Infra InvIT stands at ₹7, implying an estimated listing gain of around 7.00% over the issue price if it holds until listing. This is down ₹1.75 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Raajmarg Infra InvIT's IPO was subscribed 0.16x overall, with a category-wise breakdown of Retail 0.11x, QIB 0.2x.
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
11 Mar 2026
✓
Bidding Closes
13 Mar 2026
✓
Allotment
18 Mar 2026
✓
Listing
24 Mar 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 24 Mar 2026 | ₹1.50 | -₹1.75 | 1.50% |
| 20 Mar 2026 | ₹3.25 | - | 3.25% |
| 18 Mar 2026 | ₹3.25 | - | 3.25% |
| 17 Mar 2026 | ₹3.25 | -₹0.75 | 3.25% |
| 16 Mar 2026 | ₹4.00 | +₹4.00 | 4.00% |
| 12 Mar 2026 | ₹0.00 | - | 0.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 150 | ₹15,000 |
| Retail Maximum | 13 Lot | 1,950 | ₹1,95,000 |
| S-HNI Minimum | 14 Lot | 2,100 | ₹2,10,000 |
| S-HNI Maximum | 66 Lot | 9,900 | ₹9,90,000 |
| B-HNI Minimum | 67 Lot | 10,050 | ₹10,05,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Raajmarg Infra InvIT IPO Details
| IPO Open Date | March 11, 2026 |
|---|---|
| IPO Close Date | March 13, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹99 to ₹100 Per Share |
| Issue Size | Approx ₹6,000 Crores |
| Fresh Issue | Approx ₹6,000 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | BSE, NSE |
Analysis
IPO Reservation
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | 17,28,00,000 Shares | 33.74% |
| QIB (Ex. Anchor) | 11,63,63,400 Shares | 22.72% |
| NII Shares Offered | 9,69,69,750 Shares | 18.93% |
| Retail Shares Offered | – Shares | – % |
| Strategic Investor Shares Offered | 12,60,00,000 Shares | 24.60% |
Analysis
Raajmarg Infra InvIT IPO Anchor Investors
| Anchor Bidding Date | March 10, 2026 |
|---|---|
| Anchor Investors List | — |
| Shares Offered | 17,28,00,000 Shares |
| Anchor Size | ₹1,728.00 Cr. |
| Lock‑in Period End Date (50% Shares – 30 Days) | April 17, 2026 |
Analysis
Raajmarg Infra InvIT IPO Dates
| IPO Open Date | March 11, 2026 |
|---|---|
| IPO Close Date | March 13, 2026 |
| Basis of Allotment | March 18, 2026 |
| Refunds | March 20, 2026 |
| Credit to Demat Account | March 20, 2026 |
| IPO Listing Date | March 24, 2026 |
| IPO Bidding Cut‑off Time | March 13, 2026 – 5 PM |
Analysis
Promoters and Holding Pattern
Promoter information for this InvIT issue is Not Available (NA).
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | – | –% |
| Promoter Holding Post Issue | – | –% |
Analysis
Objects of the Issue & Utilisation of Proceeds
| Purpose | Amount (₹ Crores) |
|---|---|
| Not Available | ₹— |
| Not Available | ₹— |
| Not Available | ₹— |
Analysis
About Raajmarg Infra InvIT IPO
Raajmarg Infra Investment Trust is a SEBI-registered trust built to purchase, manage, and maintain working road infrastructure projects in India. The Raajmarg fund is sponsored by the National Highways Authority of India (NHAI), an independent authority under the Ministry of Road Transport and Highways, Government of India.
The company’s toll road portfolio includes the Gorhar–Barwa Adda, Chilakaluripet–Vijayawada, Chennai Bypass, Chennai–Tada, and Nelamangala–Tumkur highway stretches. The trust is managed by a team of qualified professionals who have 20 years of experience in the road and highways sector. Moreover, the trust is also planning to start five operational toll road projects situated in Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka, spanning a length of about 260 km.
Analysis
Raajmarg Infra InvIT IPO Company Financial Report
| Period Ended | Revenue (₹ Cr.) | Expense (₹ Cr.) | PAT (₹ Cr.) | Assets (₹ Cr.) |
|---|---|---|---|---|
| 2023 | ₹— | ₹— | ₹— | ₹— |
| 2024 | ₹— | ₹— | ₹— | ₹— |
| 2025 | ₹— | ₹— | ₹— | ₹— |
Analysis
Raajmarg Infra InvIT IPO Valuation – FY2025
| KPI | Values |
|---|---|
| ROE | -% |
| ROCE | -% |
| EBITDA Margin | -% |
| PAT Margin | -% |
| Debt to Equity Ratio | — |
| Earning Per Share (EPS) | ₹- (Basic) |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | -% |
| Net Asset Value (NAV) | ₹- |
Analysis
Peer Group Comparison
| Company | EPS | P/E Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Cube Highways Trust | — | — | —% | 142.70 | — Cr. |
| Vertis Infrastructure Trust | — | — | —% | 103.35 | — Cr. |
| Interise Trust | — | — | —% | 104.18 | — Cr. |
| National Highways Infra Trust | — | — | —% | 145.80 | — Cr. |
| IRB Invit Fund | — | — | —% | 79.50 | — Cr. |
Analysis
IPO Lead Managers aka Merchant Bankers
- SBI Capital Markets Ltd.
- Axis Capital Ltd.
- ICICI Securities Ltd.
- Motilal Oswal Investment Advisors Ltd.
FAQ
Raajmarg Infra InvIT IPO FAQs
Raajmarg Infra InvIT IPO price band is Rs 99.00 to Rs 100.00. Check the latest issue price, lot size and GMP together before applying.
Raajmarg Infra InvIT IPO open date is 11 Mar 2026, close date is 13 Mar 2026, and listing date is 24 Mar 2026.
Raajmarg Infra InvIT IPO lot size is 150 shares. The minimum retail investment is Rs 15,000.
Raajmarg Infra InvIT is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Raajmarg Infra InvIT IPO subscription status currently shows Retail 0.11x, QIB 0.2x, Overall 0.16x.
Raajmarg Infra Investment Trust (InvIT) IPO is a ₹6,000 crore infrastructure investment trust issue backed by the National Highways Authority of India (NHAI). The IPO opened for subscription from 11 March to 13 March 2026 with a price band of ₹99–₹100 per unit and a minimum lot size of 150 units (around ₹15,000 investment). The trust invests in operational national highway projects across India, generating revenue mainly from toll and infrastructure assets. Funds raised from the IPO will support highway asset monetization and infrastructure development, while offering investors potential stable income through infrastructure cash flows.
Raajmarg Infra InvIT IPO issue size is TBA and the expected allotment date is 18 Mar 2026.
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