1 min
April 11, 2025
PowerGrid InvIT fixes IPO price band at Rs 99-100 per unit
The PowerGrid InvIT IPO comprises a fresh issue of Rs 4,993.48 crore and an offer for sale of 2,741.51 crore by selling unitholders.
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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