Raajmarg Infra Trust's Landmark IPO Set to Revolutionize Highway Investments

Raajmarg Infra Investment Trust is set to launch an IPO with a focus on domestic investors. The offering, ranging between Rs 99-100 per unit, will open on March 11. It aims to monetize National Highway assets through a strategic investment in five toll roads, enhancing public participation in infrastructure development.

The state-owned Raajmarg Infra Investment Trust, sponsored by the National Highways Authority of India, announced that its upcoming IPO will prioritize domestic investors. On March 9, Chairman Sathosh Kumar Yadav disclosed plans to allocate a significant portion to anchor investors as the anchor book opens for subscription on March 10.

This inaugural public offering is a landmark move, allowing NHAI to open its asset monetization programme to retail investors for the first time. Priced between Rs 99 and Rs 100 per unit, the IPO seeks to raise Rs 6,000 crore, marking an increase from its initial Rs 5,700 crore target.

The IPO, scheduled to open on March 11 and close on March 13, will feature a portfolio of five toll roads spanning over 260 km. As part of the Golden Quadrilateral project, these assets will be operated under the Toll Operate Transfer model, offering a high-quality investment opportunity and underscoring an evolving infrastructure narrative.

(With inputs from agencies.)