The initial public offering of Raajmarg Infra Investment Trust, a state-backed entity, was 16% subscribed on its first bidding day. The IPO aims to monetize National Highway assets, offering a Rs 6,000 crore investment opportunity. It includes five toll roads under the NHAI’s Toll-Operate-Transfer model.
Public InvIT Boost: Raajmarg Infra's Grand Entry
Raajmarg Infra Investment Trust, supported by the National Highways Authority of India, saw its initial public offering garner 16% subscriptions on the first day, Wednesday, marking a significant public investment milestone.
The IPO raised Rs 1,728 c... [516 chars]
