IPO Details
IPO Open Date
11 Mar 2026
IPO Close Date
13 Mar 2026
Issue Size
Approx ₹6,000 Crores
Price Band
₹99 to ₹100 Per Share
Listing Price
₹107.00
Listing Percent
7%
Raajmarg Infra Investment Trust IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares Bid For |
|---|---|---|---|
| Anchor | 1 | 17,28,00,000 | 17,28,00,000 |
| QIB (Ex Anchor) | 19.14 | 11,63,63,400 | 2,22,76,64,250 |
| NII | 7.26 | 9,69,69,750 | 70,38,28,950 |
| Total ** | 13.74 | 21,33,33,150 | 2,93,14,93,200 |
Day-wise Subscription Details (Times)
| Date | QIB (Ex Anchor) | NII | Total |
|---|---|---|---|
| 13 Mar 2026 | 19.14 | 7.26 | 13.74 |
| 12 Mar 2026 | 0.20 | 0.55 | 0.36 |
| 11 Mar 2026 | 0.20 | 0.11 | 0.16 |
Note: QIB = Qualified Institutional Buyers, NII = Non-Institutional Investors, sNII = Small NII, bNII = Big NII
Anchor Investors Allocation
Anchor Bid Date: 10 Mar 2026
Anchor Price: ₹100.00
Anchor as % of QIBs: 59.76%
| S.No. | Anchor Investor | Shares Allotted | Amount (₹ Cr) | % within Anchor | % of Issue |
|---|---|---|---|---|---|
| 1 |
SBI NPS TRUST-SBI PENSION FUND SCHEME-C TIER I
SBI NPS TRUST
|
75,00,000 | ₹ 75.00 | 4.34 | 1.25 |
| 2 |
UTI NPS TRUST-UTI PENSION FUND SCHEME-C TIER I
UTI NPS TRUST
|
40,00,000 | ₹ 40.00 | 2.31 | 0.67 |
| 3 |
UTI NPS TRUST-UTI PENSION FUND SCHEME-STATE GOVT.
UTI NPS TRUST
|
25,00,000 | ₹ 25.00 | 1.45 | 0.42 |
| 4 |
UTI NPS TRUST-UTI PENSION FUND SCHEME-CENTRAL GOVT.
UTI NPS TRUST
|
10,00,000 | ₹ 10.00 | 0.58 | 0.17 |
| 5 |
LIFE INSURANCE CORP.OF INDIA
LIFE INSURANCE CORP.OF INDIA
|
50,00,000 | ₹ 50.00 | 2.89 | 0.83 |
| 6 |
ICICI PRUDENTIAL LIFE INSURANCE CO.LTD.
ICICI PRUDENTIAL LIFE INSURANCE
|
75,00,000 | ₹ 75.00 | 4.34 | 1.25 |
| 7 |
KOTAK MAHINDRA LIFE INSURANCE CO.LTD.
KOTAK LIFE INSURANCE
|
75,00,000 | ₹ 75.00 | 4.34 | 1.25 |
| 8 |
BAJAJ ALLIANZ LIFE INSURANCE CO.LTD.
BAJAJ ALLIANZ LIFE INSURANCE
|
75,00,000 | ₹ 75.00 | 4.34 | 1.25 |
| 9 |
MAGNUM HYBRID LONG SHORT FUND
SBI MUTUAL FUND
|
37,50,000 | ₹ 37.50 | 2.17 | 0.63 |
| 10 |
SBI CREDIT RISK FUND
SBI MUTUAL FUND
|
37,50,000 | ₹ 37.50 | 2.17 | 0.63 |
| 11 |
ICICI PRUDENTIAL MEDIUM TERM BOND FUND
ICICI PRUDENTIAL MUTUAL FUND
|
50,00,000 | ₹ 50.00 | 2.89 | 0.83 |
| 12 |
ICICI PRUDENTIAL CREDIT RISK FUND
ICICI PRUDENTIAL MUTUAL FUND
|
25,00,000 | ₹ 25.00 | 1.45 | 0.42 |
| 13 |
HDFC INFRASTRUCTURE FUND
HDFC MUTUAL FUND
|
8,00,000 | ₹ 8.00 | 0.46 | 0.13 |
| 14 |
HDFC DYNAMIC DEBT FUND
HDFC MUTUAL FUND
|
3,00,000 | ₹ 3.00 | 0.17 | 0.05 |
| 15 |
HDFC MEDIUM TERM DEBT FUND
HDFC MUTUAL FUND
|
14,00,000 | ₹ 14.00 | 0.81 | 0.23 |
| 16 |
HDFC CREDIT RISK DEBT FUND
HDFC MUTUAL FUND
|
25,00,000 | ₹ 25.00 | 1.45 | 0.42 |
| 17 |
NIPPON INDIA BALANCED ADVANTAGE FUND
NIPPON INDIA MUTUAL FUND
|
30,00,000 | ₹ 30.00 | 1.74 | 0.50 |
| 18 |
NIPPON INDIA AGGRESSIVE HYBRID FUND
NIPPON INDIA MUTUAL FUND
|
15,00,000 | ₹ 15.00 | 0.87 | 0.25 |
| 19 |
NIPPON INDIA CONSERVATIVE HYBRID FUND
NIPPON INDIA MUTUAL FUND
|
5,00,000 | ₹ 5.00 | 0.29 | 0.08 |
| 20 |
LARSEN & TOUBRO OFFICERS & SUPERVISORY STAFF PROVIDENT FUND,THE
LARSEN & TOUBRO OFFICERS & SUPERVISORY STAFF PROVIDENT FUND
|
60,00,000 | ₹ 60.00 | 3.47 | 1.00 |
| 21 |
ICICI NPS TRUST-ICICI PRUDENTIAL PENSION FUND SCHEME C-TIER I
ICICI NPS TRUST
|
50,00,000 | ₹ 50.00 | 2.89 | 0.83 |
| 22 |
AXIS MAX LIFE INSURANCE LTD.-PARTICIPATING FUND
AXIS MAX LIFE INSURANCE
|
60,00,000 | ₹ 60.00 | 3.47 | 1.00 |
| 23 |
ADITYA BIRLA SUN LIFE INSURANCE CO.LTD.
ADITYA BIRLA SUN LIFE INSURANCE
|
40,00,000 | ₹ 40.00 | 2.31 | 0.67 |
| 24 |
TATA AIG GENERAL INSURANCE CO.LTD.
TATA AIG GENERAL INSURANCE
|
40,00,000 | ₹ 40.00 | 2.31 | 0.67 |
| 25 |
KOTAK BALANCED ADVANTAGE FUND
KOTAK MAHINDRA MUTUAL FUND
|
13,33,333 | ₹ 13.33 | 0.77 | 0.22 |
| 26 |
KOTAK EQUITY SAVINGS FUND
KOTAK MAHINDRA MUTUAL FUND
|
13,33,333 | ₹ 13.33 | 0.77 | 0.22 |
| 27 |
KOTAK BOND FUND
KOTAK MAHINDRA MUTUAL FUND
|
6,66,667 | ₹ 6.67 | 0.39 | 0.11 |
| 28 |
KOTAK DEBT HYBRID FUND
KOTAK MAHINDRA MUTUAL FUND
|
6,66,667 | ₹ 6.67 | 0.39 | 0.11 |
| 29 |
ADITYA BIRLA SUN LIFE MULTI ASSET ALLOCATION FUND
ADITYA BIRLA SUN LIFE MUTUAL FUND
|
14,00,000 | ₹ 14.00 | 0.81 | 0.23 |
| 30 |
ADITYA BIRLA SUN LIFE BALANCED ADVANTAGE FUND
ADITYA BIRLA SUN LIFE MUTUAL FUND
|
10,00,000 | ₹ 10.00 | 0.58 | 0.17 |
| 31 |
ADITYA BIRLA SUN LIFE CREDIT RISK FUND
ADITYA BIRLA SUN LIFE MUTUAL FUND
|
4,50,000 | ₹ 4.50 | 0.26 | 0.08 |
| 32 |
ADITYA BIRLA SUN LIFE MEDIUM TERM PLAN
ADITYA BIRLA SUN LIFE MUTUAL FUND
|
6,00,000 | ₹ 6.00 | 0.35 | 0.10 |
| 33 |
ADITYA BIRLA SUN LIFE REGULAR SAVINGS FUND
ADITYA BIRLA SUN LIFE MUTUAL FUND
|
4,00,000 | ₹ 4.00 | 0.23 | 0.07 |
| 34 |
ADITYA BIRLA SUN LIFE EQUITY SAVINGS FUND
ADITYA BIRLA SUN LIFE MUTUAL FUND
|
4,00,000 | ₹ 1.50 | 0.09 | 0.03 |
| 35 |
AXIS DYNAMIC BOND FUND
AXIS MUTUAL FUND
|
12,00,000 | ₹ 12.00 | 0.69 | 0.20 |
| 36 |
AXIS STRATEGIC BOND FUND
AXIS MUTUAL FUND
|
17,00,000 | ₹ 17.00 | 0.98 | 0.28 |
| 37 |
AXIS CREDIT RISK FUND
AXIS MUTUAL FUND
|
6,00,000 | ₹ 6.00 | 0.35 | 0.10 |
| 38 |
AXIS MULTI ASSET ALLOCATION FUND
AXIS MUTUAL FUND
|
5,00,000 | ₹ 5.00 | 0.29 | 0.08 |
| 39 |
DSP MULTI ASSET ALLOCATION FUND
DSP MUTUAL FUND
|
25,00,000 | ₹ 25.00 | 1.45 | 0.42 |
| 40 |
INVESCO INDIA MULTI ASSET ALLOCATION FUND
INVESCO MUTUAL FUND
|
25,00,000 | ₹ 25.00 | 1.45 | 0.42 |
| 41 |
QUANT AGGRESSIVE HYBRID FUND
QUANT MUTUAL FUND
|
18,00,000 | ₹ 18.00 | 1.04 | 0.30 |
| 42 |
QSIF HYBRID LONG-SHORT FUND
QUANT MUTUAL FUND
|
7,00,000 | ₹ 7.00 | 0.41 | 0.12 |
| 43 |
BARODA BNP PARIBAS BALANCED ADVANTAGE FUND
BARODA BNP PARIBAS MUTUAL FUND
|
15,00,000 | ₹ 15.00 | 0.87 | 0.25 |
| 44 |
WHITEOAK CAPITAL EQUITY SAVINGS FUND
WHITEOAK CAPITAL MUTUAL FUND
|
2,00,000 | ₹ 2.00 | 0.12 | 0.03 |
| 45 |
WHITEOAK CAPITAL LARGE CAP FUND
WHITEOAK CAPITAL MUTUAL FUND
|
13,00,000 | ₹ 13.00 | 0.75 | 0.22 |
| 46 |
EDELWEISS EQUITY SAVINGS FUND
EDELWEISS MUTUAL FUND
|
10,00,000 | ₹ 10.00 | 0.58 | 0.17 |
| 47 |
MAHINDRA MANULIFE EQUITY SAVINGS FUND
MAHINDRA MANULIFE MUTUAL FUND
|
2,92,277 | ₹ 2.92 | 0.17 | 0.05 |
| 48 |
MAHINDRA MANULIFE MULTI ASSET ALLOCATION FUND
MAHINDRA MANULIFE MUTUAL FUND
|
5,70,075 | ₹ 5.70 | 0.33 | 0.10 |
| 49 |
MAHINDRA MANULIFE DYNAMIC BOND FUND
MAHINDRA MANULIFE MUTUAL FUND
|
1,37,648 | ₹ 1.38 | 0.08 | 0.02 |
| 50 |
PRAZIM TRADING & INVESTMENT CO.PVT.LTD.
PRAZIM TRADING & INVESTMENT
|
75,00,000 | ₹ 75.00 | 4.34 | 1.25 |
| 51 |
INFRASTRUCTURE & REAL ASSETS FUND
INFRASTRUCTURE & REAL ASSETS FUND
|
40,00,000 | ₹ 40.00 | 2.31 | 0.67 |
| 52 |
360 ONE REAL ASSETS DEVELOPMENT FUND
360 ONE
|
35,00,000 | ₹ 35.00 | 2.03 | 0.58 |
| 53 |
NEO ALTERNATIVES INVESTMENT TRUST-NEO TREASURY PLUS FUND
NEO
|
11,75,000 | ₹ 11.75 | 0.68 | 0.20 |
| 54 |
NEO REAL ASSET YIELD FUND
NEO
|
11,75,000 | ₹ 11.75 | 0.68 | 0.20 |
| 55 |
ARVESTA FINANCIAL SERVICES PVT.LTD.
ARVESTA FINANCIAL SERVICES
|
11,50,000 | ₹ 11.50 | 0.67 | 0.19 |
| 56 |
NUVAMA MULTI ASSET STRATEGY RETURN FUND
NUVAMA
|
20,00,000 | ₹ 20.00 | 1.16 | 0.33 |
| 57 |
STAR HEALTH & ALLIED INSURANCE CO.LTD.
STAR HEALTH & ALLIED INSURANCE
|
26,00,000 | ₹ 26.00 | 1.50 | 0.43 |
| 58 |
INDIAFIRST LIFE INSURANCE CO.LTD.
INDIAFIRST LIFE INSURANCE
|
26,00,000 | ₹ 26.00 | 1.50 | 0.43 |
| 59 |
RELIANCE NIPPON LIFE INSURANCE CO.LTD.
RELIANCE NIPPON LIFE INSURANCE
|
26,00,000 | ₹ 26.00 | 1.50 | 0.43 |
| 60 |
GO DIGIT GENERAL INSURANCE LTD.
GO DIGIT GENERAL INSURANCE
|
25,00,000 | ₹ 25.00 | 1.45 | 0.42 |
| 61 |
CARE HEALTH INSURANCE LTD.
CARE HEALTH INSURANCE
|
20,00,000 | ₹ 20.00 | 1.16 | 0.33 |
| 62 |
PNB METLIFE INDIA INSURANCE CO.LTD.
PNB METLIFE INDIA INSURANCE
|
20,00,000 | ₹ 20.00 | 1.16 | 0.33 |
| 63 |
EDELWEISS LIFE INSURANCE CO.LTD.
EDELWEISS LIFE INSURANCE
|
25,00,000 | ₹ 25.00 | 1.45 | 0.42 |
| 64 |
BHARTI AXA LIFE INSURANCE CO.LTD.
BHARTI AXA LIFE INSURANCE
|
20,00,000 | ₹ 20.00 | 1.16 | 0.33 |
| 65 |
RELIANCE GENERAL INSURANCE CO.LTD.
RELIANCE GENERAL INSURANCE
|
20,00,000 | ₹ 20.00 | 1.16 | 0.33 |
| 66 |
GO DIGIT LIFE INSURANCE LTD.
GO DIGIT LIFE INSURANCE
|
10,00,000 | ₹ 10.00 | 0.58 | 0.17 |
| 67 |
KOTAK MAHINDRA BANK LTD.
KOTAK MAHINDRA BANK
|
40,00,000 | ₹ 40.00 | 2.31 | 0.67 |
| 68 |
INDIAN OIL CORP.LTD. (REFINERIES DIVISION) EMPLOYEES PROVIDENT FUND
INDIAN OIL CORP.LTD (REFINERIES DIVISION) EMPLOYEES PROVIDENT FUND
|
39,00,000 | ₹ 39.00 | 2.26 | 0.65 |
| 69 |
PROVIDENT FUND TRUST FOR THE EMPLOYEES OF INDIAN OIL CORP.LTD.(MD)
PROVIDENT FUND TRUST FOR THE EMPLOYEES OF INDIAN OIL CORP.LTD.(MD)
|
21,00,000 | ₹ 21.00 | 1.22 | 0.35 |
| 70 |
KOTAK NPS TRUST-KOTAK PENSION FUND SCHEME C-TIER I
KOTAK NPS TRUST
|
9,50,000 | ₹ 9.50 | 0.55 | 0.16 |
| 71 |
KOTAK NPS TRUST-KOTAK PENSION FUND SCHEME C-TIER II
KOTAK NPS TRUST
|
50,000 | ₹ 0.50 | 0.03 | 0.01 |
| 72 |
MAHARASHTRA STATE ELECTRICITY BOARDS CONTRIBUTORY PROVIDENT FUND
MAHARASHTRA STATE ELECTRICITY BOARDS CONTRIBUTORY PROVIDENT FUND
|
15,00,000 | ₹ 15.00 | 0.87 | 0.25 |
| 73 |
SECURITIES & EXCHANGE BOARD OF INDIA EMPLOYEES PROVIDENT FUND
SECURITIES & EXCHANGE BOARD OF INDIA EMPLOYEES PROVIDENT FUND
|
10,00,000 | ₹ 10.00 | 0.58 | 0.17 |
| Total | 173,050,000 | ₹ 1,728.00 | 100% | 28.83% |
Understanding IPO Subscription Status
What is Subscription Times?
Subscription times indicate how many times the IPO has been subscribed. For example, if subscription is 5x, it means the IPO received 5 times more applications than shares available.
Investor Categories
- QIB (Qualified Institutional Buyers): Large institutional investors like mutual funds, insurance companies, banks
- NII (Non-Institutional Investors): High net-worth individuals and corporates
- sNII: Small NII with investment above ₹2 lakhs but below ₹10 lakhs
- bNII: Big NII with investment above ₹10 lakhs
- Retail: Individual investors investing up to ₹2 lakhs
- Anchor Investors: Selected institutional investors who get allocation before IPO opens
How to Interpret the Data?
- Higher subscription times generally indicate strong demand
- Retail and NII oversubscription shows interest from individual investors
- QIB subscription reflects institutional confidence
- Day-wise data helps track momentum during the IPO period