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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PowerGrid InvIT has garnered Rs 3,480 crore from anchor investors ahead of the IPO
PowerGrid Infrastructure Investment Trust (InvIT) initial public offering (IPO) opens for subscription today i.e. April 29. The offer will close on May 3. This is the first ever infrastructure investment trust IPO to be floated by a state-owned company in the country and will be the third InvIT to be listed on the Indian bourses, following in the footsteps of IRB InvIT and India Grid Trust, which went public in the year 2017. The shares are likely to be listed on the BSE and NSE.
PowerGrid Corporation of India is the owner of PowerGrid Infrastructure Investment Trust (PowerGrid InvIT).
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.