Newsletter
State-run NHAI-backed Raajmarg Infra Investment Trust (RIIT) is set to launch a ₹6,000-crore IPO.
What is it: Raajmarg Infra Investment Trust (RIIT) is an NHAI-backed fund that lets people invest in operational highways. It covers five toll road projects of 260 km, aiming to provide steady, long-term income and support more infrastructure.
The trust is backed by top banks and financial institutions like SBI, PNB, Axis Bank, HDFC Bank, ICICI Bank, Bajaj Finserv, IDBI, IndusInd, Yes Bank, and NaBFID.
The timing: Raajmarg Infra Investment Trust (RIIT) is entering a market with existing players like India Grid Trust, IRB InvIT Fund, and Powergrid Infrastructure Investment Trust. The timing may favour it. The latest Union Budget has allocated about $133 billion for roads, ports, and railways.
With more infrastructure projects needing funding and investors seeking stable income assets, RIIT’s IPO could tap into strong sector demand.
