Raajmarg Infra InvIT IPO Subscribed, Listing Expected March 24
Raajmarg Infra Investment company InvIT’s 6, 000 crore IPO closed Friday with 1 05 x registration. The problem, backed by NHAI, garnered significant anchor financier passion, elevating 1, 728 crore.
- Cost Band: 99 -100 per unit
- Anchor Investors: LIC, ICICI Prudential Life insurance policy, etc spent 100 per unit
- Allocation: 75 % for QIBs, 25 % for NIIs
- Grey Market Premium: 0
- Listing Dates: Part March 18, Refunds March 20, Listing March 24
The IPO intends to monetize nationwide freeway assets, offering lasting financial investment, primarily for retail and residential investors. NII part was booked 1 56 x, while QIBs obtained 62 % quotes.
