The anchor issue is the third-largest in Indian capital market history after SBI Cards and Payment Services and Power Grid Infrastructure Investment Trust.
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MUMBAI: The shares of Power Grid Corp could gain as much as 10 per cent more ahead of the launch of Power Grid Infrastructure
Investment Trust s (InvIT) initial public offering. Analysts believe that the InvIT launch could entail an additional dividend payout of ₹4 to ₹5 per share along with
PowerGrid s March quarter result. We believe ahead of the InvIT launch we can see rally in stock led by short covering. the bullish reversal pattern near the current support levels would lead the stock towards the 230-235 levels, said Abhilash Pagaria, senior manager, Edelweiss Alternative Research. Shares of Power Grid, which rose 2.2 per cent to close at ₹215.75 on Monday, are down 5 per cent since February 16 when the benchmark indices hit a record high. The Sensex is down 7 per cent from that date.
PowerGrid InvIT IPO to open on April 29; price band fixed at Rs 99-100
The company informed that the net proceeds from the offer will be utilised towards providing loans to the initial portfolio assets for repayment or pre-payment of debt, including any accrued interest, and for general purposes
BusinessToday.In | April 27, 2021 | Updated 15:11 IST
The price band for the share sale has been fixed at Rs 99-100 per unit
The initial public offering (IPO) of PowerGrid Infrastructure Investment Trust, owned by state-run Power Grid Corporation of India, will open for subscription on April 29. The price band for the share sale has been fixed at Rs 99-100 per unit.