IRB InvIT, India's first infra trust makes debut, lists at Rs 103.25

IRB InvIT had successfully closed its IPO earlier this month, oversubscribed 8.57 times

InvIT Fund, the first infrastructure trust to list on the exchanges, made its debut on the exchanges today, at Rs 103.25 on BSE against the issue price of Rs 102.

 
The infrastructure investment trust had successfully closed its initial public offering (IPO) earlier this month, with the issue being oversubscribed 8.57 times. The institutional investors category was oversubscribed 10.81 times and other investors 5.89 times.
 
IRB Infrastructure Developers, the sponsor of the InvIT, had garnered Rs 5,035 crore through the IPO. Shares of IRB Infrastructure Developers were trading 3% down at Rs 249.20 around 10.20 am (IST)