Established in late 2025, Raajmarg Infra Investment Trust (the Trust) is a specialized investment entity backed by the National Highways Authority of India (NHAI). Formed under the Ministry of Road Transport and Highways, the Trust is designed to manage and maintain high-quality road infrastructure across India.

The Trust currently oversees five major toll road stretches that are vital components of the Golden Quadrilateral network. These routes span approximately 260 kilometers across the states of Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka. Key locations include the Chennai Bypass and the Nelamangala–Tumkur stretch, among others.

Operating under a government-approved model, the Trust holds exclusive rights to manage these roads and collect toll fees. By focusing on essential transport corridors, Raajmarg Infra Investment Trust plays a key role in ensuring efficient travel and professional upkeep of India’s national highway system.

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*Market cap @upper band

• Attractive industry sector with strong underlying fundamentals and favorable government policies
• Experienced Sponsor with consistent track record in operating and maintaining projects in the roads and highways sector in India
• Sizeable portfolio of diversified long-term revenue generating Toll Road assets
• Portfolio of strategically located assets catering to key economic corridors of the country
• Significant growth visibility through a defined pipeline of future assets
• Concession Agreement terms with low counterparty risk
• Experienced management team with industry experience

The Company RAAJMARG INFRA INVESTENT TRUST INVIT IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• Infusion of debt and equity into the Project SPV, which shall be utilized by the Project SPV for the payment of concession value of the InvIT Assets to NHAI (Rs. 5,850 Cr.)
• General purposes

At the upper band of IPO ₹100, the stock looks reasonably priced. Hence, well-informed investors subscribe for medium to long term perspective.