Raajmarg Infra Investment Company InvIT IPO Opens Wednesday
The Raajmarg Infra Investment Trust InvIT IPO is set to open up on Wednesday, seeking to increase 6, 000 crore, raised from the at first planned 5, 700 crore. The IPO will close on Friday, March 13 th, with allotment to anchor financiers taking place on March 10 th.
- Price Band: 99 to 100 each.
- Lot Dimension: 150 systems.
- Allotment: 75 % for QIBs, 25 % for NIIs.
- Listing: Tentatively scheduled for March 24 th on BSE and NSE.
The trust fund, backed by NHAI, intends to monetize highway assets and offer a long-term investment automobile. RIIMPL, with support from major banks and financial institutions, works as the investment supervisor.
