NHAI-backed Raajmarg InvIT Debuts with 7% Premium on NSE

• Raajmarg InvIT, sponsored by NHAI, listed at ₹107 per unit on NSE, a 7% premium over its ₹100 issue price.
• The IPO, open from March 11-13, saw strong demand, subscribed 13.74 times.
• InvIT raised ₹1,728 crore from anchor investors including LIC, ICICI Prudential Life, and Kotak Mahindra Life.
• The issue size was up to ₹6,000 crore, comprising five toll road assets over 260 km in Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka.
• This marks NHAI's first highway asset monetisation program open to retail investors.