The InvIT, sponsored by Sterlite Power Grid Ventures Ltd, has allotted 10.12 crore units on an average price of Rs 100 to 19 anchor investors for a sum of Rs 1,012.44 crore, it said in a statement.
Among the anchor investors are Deutsche Global Infrastructure Fund, Credit Suisse (Singapore), Reliance Nippon Life Insurance Company, Copthall Mauritius Investment and Edelweiss Tokio Life Insurance Company.
This would be the second IPO by an InvIT after IRB InvIT Fund.
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.
Morgan Stanley India, Citigroup Global Markets India and Edelweiss Financial Services are the lead managers to the issue.
The units of IndiGrid are proposed to be listed on the BSE and the NSE.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)