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India Grid Trust's Rs 2,250-cr IPO oversubscribed 1.17 times

It'll become the second infrastructure investment trust to list in the country after IRB InvIT Fund

Press Trust of India  |  New Delhi 

The IPO of India Grid Trust to raise Rs 2,250 crore was oversubscribed 1.17 times till late afternoon trade on the last day of the offer on Friday. The issue received bids for 14,73,38,919 shares against the total issue size of 12,62,78,838, data available with the NSE till 2:00 pm (1400 hours) showed. The InvIT, sponsored by Sterlite Power Grid Ventures Ltd, on Tuesday raised over Rs 1,012 crore from anchor investors. India Grid Trust, or IndiGrid, plans to raise Rs 2,250 crore through the initial share sale offer. It has a price band of Rs 98-100 per unit. This ...

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First Published: Fri, May 19 2017. 16:51 IST
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