Core Insights - The Raajmarg Infra Investment Trust (RIIT), sponsored by the National Highways Authority of India (NHAI), successfully raised ₹1,728 crore from anchor investors ahead of its ₹6,000-crore initial public offering (IPO) set to open on March 11 [1][6]. Group 1: Investment Details - A total of 17.28 crore units were allocated to anchor investors at a price of ₹100 per unit, aggregating to ₹1,728 crore [2]. - Key anchor investors include LIC, ICICI Prudential Life Insurance, Kotak Mahindra Life Insurance, Bajaj Life Insurance, and various mutual funds and pension funds [3][4]. - The IPO price has been fixed between ₹99 and ₹100 per unit, with the issue concluding on March 13 [4]. Group 2: Investment Trust Objectives - The initiative aims to broaden public participation in the National Highway infrastructure growth, unlocking the monetisation potential of highway assets while targeting retail and domestic investors [5]. - The initial portfolio of the InvIT includes five toll roads across Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka, operating under the Toll-Operate-Transfer model [6][7]. Group 3: Management and Structure - Raajmarg Infra Investment Managers Pvt Ltd (RIIMPL) has been established as the investment manager for the trust, with equity participation from major banks and financial institutions [8]. - The offer size allocation includes 75% reserved for qualified institutional buyers and 25% for non-institutional investors [8]. Group 4: Market Debut - Raajmarg Infra Investment Trust is scheduled to make its stock market debut on March 24 [9].