.png)
1 hour ago
21
No stock data available
State-owned NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) is gearing up to launch its Rs 6,000 crore Initial Public Offering (IPO). The InvIT's maiden public offering will open on March 11 and conclude on March 13, while the bidding for anchor investors will take place on March 10, according to a public announcement on Monday, PTI reported.
The initiative marks an important step in broadening public participation in the National Highway infrastructure growth story. The public InvIT aims to unlock the monetisation potential of the National Highway assets while creating a high-quality, long-term investment instrument primarily targeting retail and domestic investors, according to PTI.
As per the Red Herring Prospectus (RHP), Raajmarg Infra Investment Trust's IPO issue size aggregates up to Rs 6,000 crore. This was an increase from Rs 5,700 crore planned at the time of filing draft papers in January.
Earlier, NHAI had incorporated Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) as the investment manager for the Raajmarg Infra Investment Trust.
RIIMPL is a collaborative venture with equity participation from leading banks and financial institutions, including State Bank of India, Punjab National Bank, NaBFID, Axis Bank, Bajaj Finserv Ventures, HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank, and Yes Bank.
About company
Incorporated as an infrastructure investment trust, Raajmarg Infra Investment Trust (“the Trust”) was registered with SEBI under the InvIT Regulations on December 22, 2025. The Trust has been set up to acquire, operate and maintain operational road infrastructure assets across India.
The Trust is sponsored by the National Highways Authority of India (NHAI), an autonomous body under the Ministry of Road Transport and Highways, Government of India. It is managed by the Investment Manager and a team of qualified professionals with over two decades of experience in the roads and highways sector.
Stock Market
Nifty50 and BSE Sensex tumbled in trade on Monday, March 2, amid escalating Middle East tensions and global market volatility, with rising crude oil prices and trade concerns in focus.
The BSE Sensex, after hitting an intraday low of 78,543.73, ended the session at 80,238.85, down 1048.34 points or 1.29 per cent. The NSE Nifty50 settled at 24,865.70, down 312.95 points or 1.24 per cent. During the day Nifty50 swung between 24,989.35 and 24,603.50. Sensex and Nifty opened in red today. The BSE Sensex started at 78,543.73, while the Nifty 50 opened at 24,659.25. (With Agency Inputs)
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
English (US) ·