New Delhi, March 12 -- Raajmarg Infra Investment Trust IPO: The initial public offering (IPO) of National Highways Authority of India (NHAI)-backed Raajmarg Infra Investment Trust entered its second day of bidding on Thursday, March 12. The offer was booked 16% by the end of the first day.

The Rs.6,000-crore IPO will close for bidding on Friday, March 13.

According to the red herring prospectus, the InvIT is entirely a fresh share sale of 60 crore shares. Raajmarg Infra Investment Trust IPO price band was set at Rs.99 to Rs.100 per share.

The company plans to use the funds raised from the IPO for infusion of debt and equity into the project SPV, which shall be utilised for the payment of concession value of the InvIT Assets to NHAI.

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