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PowerGrid InvIT fixes IPO price band at Rs 99-100 per unit

The public issue for Power Grid Infrastructure Investment Trust will be open for subscription from 29th April to 3rd May. The price band for the issue has been…

CapitalVia Research Desk · 1 min read

Published 2021. CapitalVia was a SEBI-registered investment adviser at the time of writing. The company no longer provides advisory services and is not registered with SEBI — it now offers stock-market education only. The article is kept for its educational content.

The public issue for Power Grid Infrastructure Investment Trust will be open for subscription from 29th April to 3rd May. The price band for the issue has been fixed at 99-100 per share.

The public issue includes an offer for sale of 2751 crores and a fresh issue of Rs 4993 crores. The company owned by the state-run Power Grid Corporation of India plans to use the raised capital for paying off debts and corporate purposes.

The lot size for the issue is 1100 shares and in multiple of 1100 shares thereafter.

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