The Rs 7,735-crore PowerGrid InvIT IPO received bids for 2,05,40,48,700 units against 42,54,25,000 units on offer, as per the NSE data
The IPO comprises a fresh issue of shares worth Rs 4,993.48 crore and offer for sale to the tune of Rs 2,741.50 crore by selling shareholders.
The issue received bids for 25.81 crore units as against 42.54 crore units on offer.
Just like the consistent performance of MS Dhoni led team on-field, the unlisted shares too are outperforming with a significant strike rate
The main objective of InvITs is to promote the infrastructure sector by encouraging more individuals to invest in it
Power Grid Infrastructure Investment is owned by the state-run Power Grid Corporation of India
Proceeds from the fresh issue would be used towards funding organic and inorganic growth initiatives; and general corporate purposes.
The price band for PowerGrid Infrastructure Investment Trust IPO has been fixed at Rs 99-100 a share
Earlier a media report said that the company is considering filing the DRHP with Sebi.
Glenmark Life Sciences has filed a Draft Red Herring Prospectus with SEBI for an initial public offer