Raajmarg Infra Investment Trust Invit IPO

Raajmarg Infra Investment Trust (RIIT) is an Infrastructure Investment Trust (InvIT) incorporated to acquire, operate, and maintain operational road infrastructure assets in India. The trust was registered with the Securities and Exchange Board of India (SEBI) on December 22, 2025 under the InvIT Regulations. The trust has been established to manage a portfolio of operational toll road assets developed under the National Highways Authority of India’s (NHAI) Toll Operate Transfer (TOT) model. These assets are strategically located across major economic corridors in India and form part of the Golden Quadrilateral highway network. The current toll road portfolio includes five operational road stretches: Gorhar to Barwa Adda, Chilakaluripet–Vijayawada, Chennai Bypass, Chennai–Tada, and Nelamangala–Tumkur. These assets span across Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka with a total length of approximately 260.198 km. Raajmarg Infra Investment Trust is sponsored by the National Highways Authority of India (NHAI), which operates under the Ministry of Road Transport and Highways, Government of India. The trust’s project special purpose vehicles (SPVs) hold the exclusive rights to operate, maintain, manage, and collect toll user fees for these highways under concession agreements signed with NHAI. Through this InvIT structure, the trust aims to generate stable long-term cash flows from toll collections while maintaining and operating key road infrastructure assets across the country.