BSE List Price : ₹108.00

NSE List Price : ₹107.00

subscription

Category	Times
QIBs	3.16x
HNIs	3.04x
Retail	0.00x
Total : 3.12x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	1	150	₹14,850
Retail Maximum	33	4,950	₹490,050

About the Company

Raajmarg Infra Investment Trust is a SEBI-registered investment trust established 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 functioning under the Ministry of Road Transport and Highways, Government of India.

The trust’s portfolio of toll road assets includes the Gorhar–Barwa Adda, Chilakaluripet–Vijayawada, Chennai Bypass, Chennai–Tada, and Nelamangala–Tumkur highway sections. Raajmarg Infra InvIT is overseen by a team of experienced professionals with nearly two decades of expertise in the roads and highways industry. In addition, the trust plans to incorporate five more operational toll road projects located in Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka, covering an approximate total length of 260 km.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
	₹	₹	₹	₹

Company Promoter

National Highways Authority of India (NHAI)

Know before investing

• • Strengths

  Supportive Industry Environment & Government Policies: The trust operates within India’s rapidly expanding infrastructure sector, benefiting from significant government spending. Around ?11.21 trillion has been earmarked for FY 2025–26, which is expected to strengthen long-term sector growth and boost demand.

  Diversified Portfolio of Long-Term Toll Road Assets: The trust has the authority to manage and collect toll revenues from five highway projects under 15-year concession agreements, ensuring consistent and diversified income over the long term.

• • Risks

  Short Operating Track Record Risk: The Trust and its Project SPV were incorporated recently in November 2025 and do not have an established operating history or past financial performance, which may make it challenging for investors to evaluate future growth and stability.

  Risk Related to Pending Concession Agreements: While approval for monetising the InvIT assets has been granted by the National Highways Authority of India (NHAI), the concession agreements are still pending execution. Therefore, there is no certainty that the concession rights for all the proposed assets will be completed as planned.

Objects of the Issue & Utilisation of proceeds

Infusion of debt and equity into the Project SPV, which shall be utilized by the Project SPV for the payment of concession value of the InvIT Assets to NHAI.

General purposes.

Company  Address

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

IPO Registrar

Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: riimpl.invit@kfintech.com
Website: https://ipostatus.kfintech.com/

IPO Review

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