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News Topical, Digital Desk : The National Highway Authority of India (NHAI)-backed Highway Infra Investment Trust IPO has been listed on the Indian stock market (Share Market News) today, 24 March 2026. The shares debuted on the NSE at Rs 107 per unit, a 7 percent premium to the issue price of Rs 100 (Raajmarg Infra Investment Trust Share Price).
The ₹6,000 crore IPO listed
The ₹6,000 crore IPO closed on March 13. According to the red herring prospectus, the issue was a completely fresh share sale, consisting of 600 million shares. The price band was fixed at ₹99 to ₹100 per share.
The company will use the money here
The company will use the funds raised from this IPO as debt and equity in the project SPV. This proceeds will be given to NHAI to pay the concession value of the InvIT assets.
Prior to the share sale, the InvIT raised ₹1,728 crore from anchor investors, including LIC, ICICI Prudential Life Insurance, Kotak Mahindra Life Insurance, and Bajaj Allianz Life Insurance. 75 percent of the public offering was reserved for QIBs and 25 percent for NIIs.
What does the Highway Infra Investment Trust do?
Raajmarg Infra Investment Trust is an infrastructure investment trust registered under SEBI's InvIT regulations on December 22, 2025. This InvIT will initially have a portfolio of five toll road assets spread across Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka. These toll roads have a total length of 260.198 kilometers and are part of the Golden Quadrilateral Project. The Project SPV will have the authority to collect tolls, operate, manage, and maintain these toll roads.
Read More: Bad news for this company after market hours, received a tax demand notice of ₹126.46 crore
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