Description

Raajmarg Infra Investment Managers Private Limited has finalized allocation of 17,28,00,000 units to anchor investors at ₹100 per unit in the initial public offering of Raajmarg Infra Investment Trust.

Summary

Raajmarg Infra Investment Managers Private Limited, the investment manager of Raajmarg Infra Investment Trust, has finalized the allocation of 17,28,00,000 units to anchor investors at an anchor investor allocation price of ₹100 per unit. The allocation was approved by the Board via circular resolution dated March 10, 2026, in consultation with the Book Running Lead Managers.

Key Points

  • Total anchor investor allocation: 17,28,00,000 units at ₹100 per unit
  • Total amount allocated to anchor investors: ₹1,728 crore
  • 28 anchor investors participated in the allocation
  • Largest single allocations went to NPS Trust (SBI Pension Fund Scheme C - Tier I), LIC, ICICI Prudential Life Insurance, Kotak Mahindra Life Insurance, and Bajaj Life Insurance — each receiving 75,00,000 units (4.34% each)
  • Allocation was communicated to both BSE and NSE listing departments

Regulatory Changes

No regulatory changes. This circular is an informational disclosure of anchor investor allocation details as required under SEBI InvIT regulations prior to the public issue opening.

Compliance Requirements

  • Raajmarg Infra Investment Managers Private Limited is required to disclose anchor investor allocation details to stock exchanges (BSE and NSE) as part of the IPO process
  • Anchor investors are subject to a lock-in period as prescribed under SEBI (Infrastructure Investment Trusts) Regulations

Important Dates

  • Board circular resolution approving anchor allocation: March 10, 2026
  • Anchor investor allocation price: ₹100 per unit

Impact Assessment

The successful anchor allocation of ₹1,728 crore to 28 institutional investors — including NPS Trust schemes, LIC, major insurance companies, and leading mutual funds (HDFC, ICICI Prudential, Nippon, Kotak, SBI, Aditya Birla Sun Life) — signals strong institutional confidence in the Raajmarg Infra Investment Trust IPO. This broad participation from pension funds, insurance companies, and mutual funds across varied fund categories (credit risk, infrastructure, balanced advantage, debt hybrid) reflects diverse investor interest. The InvIT’s successful anchor round is a positive indicator for the overall public issue and for infrastructure-focused investment products in India.

Impact Justification

This is a significant IPO anchor allocation for a new InvIT with total anchor allocation of 17.28 crore units at ₹100 each, involving major institutional investors including LIC, NPS Trust, ICICI Prudential, HDFC, Nippon, Kotak, and others, indicating strong institutional interest in a new infrastructure investment trust.