The IPO, the second in infrastructure investment trust (InvIT) segment, will open on May 17 and close on May 19. It commands a price band of Rs 98-100 per unit.
IndiGrid is an infrastructure investment trust established to own inter-state power transmission assets in India. Sterlite Power Grid Ventures and Sterlite Investment Managers are the sponsor and investment manager, respectively of IndiGrid.
Bids can be made for a minimum of 10,206 units and in multiples of 5,103 units thereafter.
Anchor investor issue period will be tomorrow.
Morgan Stanley India, Citigroup Global Markets India and Edelweiss Financial Services are the lead managers to the issue.
InvITs are those debt instruments which 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.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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%