ALSO READIPO Review: IndiGrid's InvIT is high on stability but low on yield Sterlite Power lowers InvIT IPO size to Rs 2,250 cr Sterlite Power files papers to raise Rs 2,650 cr via InvIT Country's maiden InvIT offering garners good response IRB InvIT, India's first infra trust makes debut, lists at Rs 103.25
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.
InvITs are debt instruments that are traded in the market and can act as investment vehicles for sponsors.
The listing of instruments enables promoters of infrastructure to monetise completed assets and raise funds for other long-term projects.
IndiGrid is an infrastructure investment trust established to own inter-state power transmission assets in India.
The units of IndiGrid will be listed on the BSE and the NSE.