Raajmarg Infra Investment Trust (InvIT)

Language
  1. Home
  2. Raajmarg Infra Investment Trust (InvIT)
User profile picture

Raajmarg Infra Investment Trust (InvIT)

March 11, 2026 – March 13, 2026

Price ₹0 - ₹0
GMP Rumors * ₹0
Lot size 0
Issue size ₹6000.00 cr
Allotment Mar 16, 2026
Listing Mar 18, 2026

* info is indicative, not an investment advice.

Raajmarg Infra Investment Trust (InvIT) About

IPO Details
Total Issue Size* shares (aggregating up to ₹6000.0 Cr)
Fresh Issue* shares (aggregating up to ₹6000.0 Cr)
Issue TypeBookbuilding InvIT
Listing AtBSE , NSE
IPO Reservation
Investor CategoryShares Offered
QIB Shares OfferedNot more than 75.00% of the Net Issue
NII Shares OfferedNot less than 25.00% of the Net Issue
Company Financial (In ₹Crore)
Adding Soon.
About Company
Raajmarg Infra Investment Trust (“Trust”) is an infrastructure investment trust registered with SEBI on December 22, 2025, under the InvIT Regulations. The Trust has been established with the objective of acquiring, operating, and maintaining operational road infrastructure assets in India.

Portfolio Overview

The proposed toll road portfolio includes the following stretches:

  • Gorhar to Barwa Adda

  • Chilakaluripet – Vijayawada

  • Chennai Bypass

  • Chennai – Tada

  • Nelamangala – Tumkur

These five operational assets have been developed under NHAI’s Toll Operate Transfer (TOT) model and are located across Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka. Collectively, they form part of the Golden Quadrilateral network, with an aggregate length of approximately 260.198 km.

Structure & Operations

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 an experienced Investment Manager and professional team with over two decades of expertise in the roads and highways sector.

The underlying road assets are held and operated through the Project SPV, Raajmarg 1 Projects Private Limited, which has exclusive rights under concession agreements with NHAI to operate, maintain, manage, and collect toll user fees on the respective stretches, subject to concession terms.

Investment Objective

The Trust aims to generate stable and predictable cash flows through long-term concession arrangements from operational toll road infrastructure assets.

Strength

Favourable Industry & Policy Support: Operates in India’s fast-growing infrastructure sector, supported by strong government investment, including ₹11.21 trillion allocated for FY 2025–26, driving long-term growth and demand.

Strong Sponsor Backing (NHAI): Backed by NHAI, India’s national highways authority, with a proven track record in developing, operating, and maintaining national highway projects under NHDP.

Diversified Long-Term Toll Road Portfolio: Holds rights to operate and collect toll from five road projects under 15-year concession agreements, providing stable and diversified long-term revenue streams.

Weakness

Limited Operating History Risk: The Trust and Project SPV were recently established (November 2025) and have no operating track record or historical financial performance, making it difficult for investors to assess future prospects.

Pending Execution of Concession Agreements: Although approval has been received from NHAI for monetisation of InvIT assets, the concession agreements have not yet been executed. There is no assurance that concession rights for all assets will be finalized as proposed.

Regulatory Exemption & Disclosure Risk: The Sponsor has sought exemptions from certain InvIT Regulations, including financial statement disclosures and compliance requirements. Any regulatory non-approval or conditions imposed may impact transparency and operational structure.

Raajmarg Infra Investment Trust (InvIT) Lead Manager(s)

  1. Axis Capital Limited
  2. ICICI Securities Limited
  3. Motilal Oswal Investment Advisors Limited
  4. SBI Capital Markets Limited

Raajmarg Infra Investment Trust (InvIT) Address

Raajmarg Infra Investment Trust Address
G - 5 & 6,
Sector 10
Dwarka
New Delhi, New Delhi, 110075
Phone: 2507 4100-1524
E-mail: compliance@riimpl.in
Website: https://www.raajmarginfratrust.in/

Raajmarg Infra Investment Trust (InvIT) Registrar

Kfin Technologies Limited
Address: Kfin Technologies Limited KFintech, Tower-B, Plot No 31 & 32, Financial District, Nanakramguda, Gachibowli, Hyderabad, Telangana India - 500 032.