NHAI-backed Raajmarg Infra InvIT IPO Subscribed 16% on Day 1, Anchor Investors Infuse Rs 1,728 Cr
NHAI-backed Raajmarg Infra InvIT IPO Subscribed 16% on Day 1, Anchor Investors Infuse Rs 1,728 Cr
- •The Rs 6,000 crore IPO of NHAI-sponsored Raajmarg Infra Investment Trust was subscribed 16% on its first day of bidding.
- •The IPO received bids for 33,946,950 units against 213,333,150 units on offer, with institutional investors subscribing 20% and other investors 11%.
- •Raajmarg Infra InvIT raised Rs 1,728 crore from anchor investors including LIC, ICICI Prudential Life Insurance, Kotak Mahindra Life Insurance, and Bajaj Life Insurance.
- •The initiative aims to broaden public participation in highway infrastructure and create a long-term investment instrument for retail and domestic investors.
- •The InvIT's initial portfolio comprises five toll roads in Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka, part of the Golden Quadrilateral project.
