Raajmarg Infra Investment Trust InvIT IPO Opens Wednesday
The Raajmarg Infra Investment Trust InvIT IPO is set to open on Wednesday, looking for to increase 6, 000 crore, raised from the originally intended 5, 700 crore. The IPO will certainly close on Friday, March 13 th, with allotment to support financiers occurring on March 10 th.
- Cost Band: 99 to 100 per unit.
- Lot Dimension: 150 systems.
- Allowance: 75 % for QIBs, 25 % for NIIs.
- Listing: Tentatively scheduled for March 24 th on BSE and NSE.
The trust, backed by NHAI, aims to generate income from freeway possessions and supply a long-term financial investment car. RIIMPL, with backing from significant banks and financial institutions, acts as the financial investment manager.
