NHAI-backed Raajmarg Infra Investment Trust's Rs 6,000-cr IPO to open on Mar 11 at Rs 99-100/unit

Raajmarg InvIT IPO Price Band Set

Raajmarg Infra Investment Trust InvIT IPO Opens Wednesday The Raajmarg Infra Investment Trust InvIT IPO is set to open on Wednesday, seeking to raise ₹6,000 crore, increased from the initially planned ₹5,700 crore. The IPO will close on Friday, March 13th, with allocation to anchor investors occurring on March 10th. Price Band: ₹99 to ₹100 per unit. Lot Size: 150 units. Allocation: 75% for QIBs, 25% for NIIs. Listing: Tentatively scheduled for …

NHAI-backed Raajmarg Infra Investment Trust's Rs 6,000-cr IPO to open on Mar 11 at Rs 99-100/unit

New Delhi, Mar 5 (PTI) State-owned NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) on Thursday fixed a price band of Rs 99 to Rs 100 per unit for its upcoming Rs 6,000-crore Initial Public Offering (IPO). The InvIT's maiden public offering will open on March 11 and conclude on March 13, while the bidding for anchor investors will take place on March 10, according to a public announcement. The initiative marks an important step in broadenin…