Raajmarg Infra Investment Trust Units Surge on Trading Debut
New Delhi, March 24 – Units of the Raajmarg Infra Investment Trust experienced a significant increase on their debut trading day Tuesday, closing nearly 7 per cent higher. Sponsored by the National Highways Authority of India, the InvIT demonstrated strong investor interest.Trading Performance
The units began trading at Rs 108 on the BSE, an 8 per cent increase from the issue price of Rs 100. The unit ultimately closed at Rs 106.83, reflecting a 6.83 per cent gain.On the NSE, trading commenced at Rs 107, a 7 per cent jump, and concluded at Rs 106.88, up 6.88 per cent.
Market Valuation and IPO Details
The company’s market valuation reached Rs 6,409.80 crore. The initial public offering, launched on March 13, garnered substantial attention, with subscriptions totaling 13.74 times. The Rs 6,000 crore IPO offered units within a price band of Rs 99-100.Portfolio Overview
The InvIT’s initial portfolio includes five toll roads located in Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka. These roads operate under the Toll-Operate-Transfer model, based on concessions granted by the NHAI to the project Special Purpose Vehicles.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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