You are here: Home » Markets » IPOS » News
Business Standard

PowerGrid Infrastructure Investment Trust IPO subscribed 4.83 times

Institutional and non-institutional portions were subscribed 4.6x and 5.1x

Topics
PowerGrid | IPO | Indian stock markets

BS Reporter 

IPO
The price band for the IPO is in the range of Rs 99-100 per unit of Rs 100 each

The of 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 is in the range of Rs 99-100 per unit of Rs 100 each. The total issue size is Rs 7,735 crore.

The 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.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, May 03 2021. 23:54 IST
RECOMMENDED FOR YOU
.