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.