The issue received bids for 25.81 crore units as against 42.54 crore units on offer.
The initial public offer (IPO) of POWERGRID Infrastructure Investment Trust (PowerGrid InvIT) received bids for 25,81,63,400 units today, 30 April 2021, as against 42,54,25,000 units on offer, as per the National Stock Exchange of India (NSE) website data at 17:00 IST. The issue was subscribed 0.61 times.
The issue opened for bidding on Thursday, 29 April 2021 and it will close on Monday, 3 May 2021. The price band of the IPO is fixed at Rs 99-100. An investor can bid for a minimum of 1,100 units and in multiples thereof.
The IPO of units in PowerGrid InvIT consists of a fresh issue of units aggregating upto Rs 4993.48 crore and an offer for sale of units aggregating upto Rs 2741.50 crore by Power Grid Corporation of India.
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The issue received bids for 4.32 crore units as against 42.54 crore units on offer.
The initial public offer (IPO) of POWERGRID Infrastructure Investment Trust (PowerGrid InvIT) received bids for 4,32,42,100 units today, 29 April 2021, as against 42,54,25,000 units on offer, as per the National Stock Exchange of India (NSE) website data at 17:00 IST. The issue was subscribed 0.10 times.
The issue opened for bidding on Thursday, 29 April 2021 and it will close on Monday, 3 May 2021. The price band of the IPO is fixed at Rs 99-100. An investor can bid for a minimum of 1,100 units and in multiples thereof.
The IPO of units in PowerGrid InvIT consists of a fresh issue of units aggregating upto Rs 4993.48 crore and an offer for sale of units aggregating upto Rs 2741.50 crore by Power Grid Corporation of India.
PowerGrid InvIT IPO subscribed 10% on Day 1
PowerGrid InvIT IPO subscribed 10% on Day 1
The initial public offer of PowerGrid Infrastructure Investment Trust was subscribed 10 per cent on Thursday, the first day of subscription.
The issue received bids for 4,32,42,100 units against 42,54,25,000 units on offer, as per NSE data. Institutional investors category was subscribed 3 per cent and those for other investors 19 per cent.
The IPO comprises a fresh issue of shares worth Rs 4,993.48 crore and offer for sale to the tune of Rs 2,741.50 crore by selling shareholders.
The price range for the offer, which will close on May 3, is Rs 99-100 per unit.
PowerGrid InvIT IPO opens for Subscription, Know the Price Band, Stock Allotment Date and Listing Date jagran.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jagran.com Daily Mail and Mail on Sunday newspapers.