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.
Globus Infocom s digital solutions are enhancing the learning experience for students
Haryana CSR Advisory Board with Power Grid Corporation of India - Undertakes Initiatives to Digitally Empower Schools in Haryana with Globus Infocom Smart Classrooms ANI | Updated: Apr 29, 2021 22:12 IST
Gurgaon (Haryana) [India], April 29 (ANI/NewsVoir): In a remarkable move to encourage, guide and assist educational organizations to come forward and contribute towards the welfare of the people of the state, the Government of Haryana has laid the foundation of CSR Advisory Board.
Haryana CSR Advisory Board has recently undertaken the initiative to empower the education scenario in all schools of the state with Smart Classroom Solutions directed at empowering educators to teach interactively and inspire students to learn with a motivation to excel. Taking this lead forward, Power Grid Corporation is the first organization to offer its contribution towards t
Power Grid InvIT issue subscribed 10% on first day
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Last Updated: Apr 29, 2021, 10:01 PM IST
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Synopsis
Power Grid InvIT is looking to raise Rs 7,735 crore through the issue which includes a fresh issue as well as an offer for sale from the sponsor.
Agencies
The InvIT has been touted as a good long-term option for investors looking for assured 10-12 per cent returns as analysts expect the InvIT to comfortably generate that much yield annually.
INSIGHTS
NSE
MUMBAI: MUMBAI: The IPO of the infrastructure investment trust, sponsored by
Power Grid Corporation of India, got off to a slow start on Thursday as the issue was subscribed 10 per cent by the end of the bidding process on Day 1.
April 29, 2021
The Internet Corporation for Assigned Names and Numbers (ICANN) announced yesterday that has begun the De-Accredited Registrar Transition Procedure (DARTP) to help transfer current Net4 India domain registrants to another ICANN-accredited registrar that is in good standing. ICANN had initially announced in February that Net 4 India’s registrar accreditation agreement (RAA) will be terminated on March 13 due to multiple complaints against the registrar, but the National Company Law Tribunal (NCLT) stayed this termination after Net 4 India’s appeal. The stay was finally lifted on April 27, allowing ICANN to initiate the next step.
Net4 India has been embroiled in bankruptcy proceedings for years now, leaving customers unable to renew or transfer their domains. ICANN tried processing complaints by liaising with a tribunal-appointed resolution professional but made no headway. ICANN has said that multiple issues including non-payment of dues were brought to Net4 Ind
PowerGrid Infrastructure Investment Trust on Wednesday raised a little over Rs 3,480 crore from anchor investors ahead of its initial public offer, which opens for subscription on Thursday. It has been decided to allocate 34,80,74,100 units at Rs 100 apiece to 47 anchor investors, aggregating the total to Rs 3,480.74 crore, according to a circular uploaded on BSE website. Among the anchor investors are SBI Mutual Fund (MF), HDFC MF, Tata MF, Fidelity Funds, Tata AIA Life Insurance Company, Tata AIG General Insurance Company, SBI Life Insurance Company, UTI MF, ICICI Prudential MF, Sundaram MF, Rainbow Investments Ltd and CPP Investment Board Private Holdings.
PowerGrid Infrastructure Investment Trust (PowerGrid InvIT) is owned by state-owned PowerGrid Corporation of India.