 "IRB InvIT Fund lists with over 1% premium on debut")
The stock listed at Rs 103.25, up 1.22 per cent, as against the issue price on the BSE. It later touched a high of Rs 105, reflecting a gain of 2.94 per cent.
At the NSE, the stock opened at Rs 102.
Also Read
The company's market valuation currently stands at Rs 5,883.95 crore.
The IPO of IRB InvIT Fund, the first in the InvIT space, was oversubscribed 8.57 times. The institutional investors category was oversubscribed 10.81 times and other investors 5.89 times.
The offer had a price band of Rs 100-102.
InvITs or infrastructure investment trusts are those debt instruments that will be traded in the market and can act as investment vehicles for sponsors.
IDFC Bank, Credit Suisse Securities and ICICI Securities were the lead managers to the offer.
The issue was open to bidding on May 3-5.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%