Raajmarg Infra Trust Jumps 8% on Debut

New Delhi, Mar 24 (PTI) State-owned National Highways Authority of India-sponsored Raajmarg Infra Investment Trust units jumped 8 per cent in their trading debut on Tuesday.

The unit started trading at Rs 108, up 8 per cent from the issue price of Rs 100 on the BSE.

At the NSE, it jumped 7 per cent after starting the trade at Rs 107.

The company's market valuation stood at Rs 6,375.60 crore.


The initial public offering of Raajmarg Infra Investment Trust was subscribed 13.74 times on March 13.

Raajmarg Infra Investment Trust's public offering ran from March 11 to March 13.

The Rs 6,000 crore IPO had a price band of Rs 99-100 per unit.

The InvIT proposes an initial portfolio of five toll roads in Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka, operating under the Toll-Operate-Transfer model based on concessions granted by the NHAI to the project SPV.