PowerGrid Infrastructure Investment Trust IPO subscribed 4.83 times
Institutional and non-institutional portions were subscribed 4.6x and 5.1x
 "PowerGrid Infrastructure Investment Trust IPO subscribed 4.83 times")
premium
The IPO of PowerGrid Infrastructure Investment Trust (InvIT) garnered final subscription of 4.83 times. The institutional and non-institutional portions of the issue were subscribed 4.6 times and 5.1 times, respectively.
The price band for the IPO is in the range of Rs 99-100 per unit of Rs 100 each. The total issue size is Rs 7,735 crore.
The IPO comprises an offer for sale worth Rs 2,742 crore and fresh fundraise of Rs 4,993 crore. Analysts said the attractive yield on offer of up to 9 per cent appealed to investors.
One subscription. Two world-class reads.
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%