NHAI-Backed Raajmarg Infra Investment Trust Launches Rs 6,000 Crore IPO in March

The National Highways Authority of India (NHAI)-backed Raajmarg Infra Investment Trust (RIIT) is launching its maiden Initial Public Offering (IPO) of up to Rs 6,000 crore from March 11 to 13, with anchor investor bidding on March 10. The IPO aims to unlock value from operational national highway assets, offering a long-term investment opportunity primarily for retail and domestic investors. RIIT's initial portfolio includes five toll roads across Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka. The investment manager, Raajmarg Infra Investment Managers Pvt. Ltd., involves major banks and financial institutions.