PowerGrid InvIT IPO: Should you subscribe to the issue? : vi

PowerGrid InvIT IPO: Should you subscribe to the issue?
Net proceeds from the offer will be utilised toward 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 29, 2021 | Updated 17:23 IST
The public issue comprises a fresh issue of Rs 4,993.48 crore and an offer for sale of 2,741.51 crore.
The initial public offering (IPO) of PowerGrid Infrastructure Investment Trust (InvIT) opened on Thursday. The price band for the share sale has been fixed at Rs 99-100 per unit. The issue received bids for 2,39,25,000 shares by 3:00 pm, compared with the size of 42,54,25,000 shares.

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