NHAI-backed Raajmarg Infra InvIT IPO subscribed 16 pc on Day 1

NHAI-backed Raajmarg Infra InvIT IPO subscribed 16 pc on Day 1

New Delhi, Mar 11 (PTI) The initial public offering of state-owned National Highways Authority of India-sponsored Raajmarg Infra Investment Trust got subscribed 16 per cent on the first day of bidding on Wednesday. The Rs 6,000-crore IPO received bids for 3,39,46,950 units, as against 21,33,33,150 units on offer, as per NSE data. The category for institutional investors received 20 per cent subscription, while the quota for other investors got s…

Raajmarg InvIT IPO Subscribed 5% on Day 1

Raajmarg Infra InvIT IPO Opens, Secures ₹1,728 Crore from Anchors Raajmarg Infra Investment Trust (InvIT), NHAI’s inaugural public infrastructure investment trust, launched its ₹6,000 crore IPO Wednesday, with the subscription period closing Friday. The IPO follows a ₹1,728 crore anchor investment. Price Band: ₹99-₹100 per unit. Anchor Investors: 17.28 crore units allocated to entities including LIC and ICICI Prudential Life Insurance. Subscrip…