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India Grid Trust up to $347 million IPO gets fully subscribed

Reuters  |  MUMBAI 

(Reuters) - Trust's up to 22.5 billion rupees ($347.22 million) initial public offering was fully subscribed on the last day of the sale, exchange data showed on Friday.

The company is selling shares at between 98 to 100 rupees per share, and will become the second infrastructure investment to list in the country after IRB InvIT Fund had a tepid debut on Thursday.

has already raised 10.12 billion rupees from 19 anchor investors at the upper end of the price band.

($1 = 64.8000 Indian rupees)

(Reporting by Swati Bhat; Editing by Rafael Nam)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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India Grid Trust up to $347 million IPO gets fully subscribed

MUMBAI (Reuters) - India Grid Trust's up to 22.5 billion rupees ($347.22 million) initial public offering was fully subscribed on the last day of the sale, exchange data showed on Friday.

(Reuters) - Trust's up to 22.5 billion rupees ($347.22 million) initial public offering was fully subscribed on the last day of the sale, exchange data showed on Friday.

The company is selling shares at between 98 to 100 rupees per share, and will become the second infrastructure investment to list in the country after IRB InvIT Fund had a tepid debut on Thursday.

has already raised 10.12 billion rupees from 19 anchor investors at the upper end of the price band.

($1 = 64.8000 Indian rupees)

(Reporting by Swati Bhat; Editing by Rafael Nam)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

India Grid Trust up to $347 million IPO gets fully subscribed

(Reuters) - Trust's up to 22.5 billion rupees ($347.22 million) initial public offering was fully subscribed on the last day of the sale, exchange data showed on Friday.

The company is selling shares at between 98 to 100 rupees per share, and will become the second infrastructure investment to list in the country after IRB InvIT Fund had a tepid debut on Thursday.

has already raised 10.12 billion rupees from 19 anchor investors at the upper end of the price band.

($1 = 64.8000 Indian rupees)

(Reporting by Swati Bhat; Editing by Rafael Nam)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22