NHAI-backed Raajmarg Infra InvIT IPO Opens March 11: Price Band ₹99-₹100

• NHAI-sponsored Raajmarg Infra InvIT IPO opens for subscription on March 11 and closes on March 13.
• The price band for the IPO is fixed at ₹99 to ₹100 per unit, with an issue size of up to ₹6,000 crore.
• The InvIT raised ₹1,728 crore from anchor investors including LIC, ICICI Prudential Life, Kotak Mahindra Life, and Bajaj Life.
• Initial portfolio comprises five toll roads spanning 260 km across Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka, part of the Golden Quadrilateral corridor.
• This marks the first time NHAI is opening its highway asset monetisation program to retail investors; listing expected on March 24.