New Delhi, March 24 Units of the Raajmarg Infra Investment Trust, sponsored by the State-owned National Highways Authority of India, ended nearly 7 per cent higher on its debut trading on Tuesday.
The unit started trading at Rs 108, up 8 per cent from the issue price of Rs 100 on the BSE. It later ended at Rs 106.83, registering a jump of 6.83 per cent.
At the NSE, it jumped 7 per cent after starting the trade at Rs 107. The unit later ended at Rs 106.88, up 6.88 per cent.
The company's market valuation stood at Rs 6,409.80 crore.
The initial public offering of Raajmarg Infra Investment Trust was subscribed 13.74 times on March 13. The Rs 6,000 crore IPO had a price band of Rs 99-100 per unit.
The InvIT proposes an initial portfolio of five toll roads in Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka, operating under the Toll-Operate-Transfer model based on concessions granted by the NHAI to the project SPV.