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POWERGRID InvIT Rs 5K cr IPO opens on April 29 ​ By IANS | ​ 7 Views Power demand. (File Photo: IANS). Image Source: IANS News Mumbai, April 26 : The initial public offering (IPO) of units of POWERGRID Infrastructure Investment Trust ( POWERGRID InvIT ), an InvIT set-up to own, construct, operate, maintain and invest in infrastructure and power transmission assets in India, will open on Thursday, April 29, 2021 at a price band of Rs 99 to Rs 100. The offer closes on Monday May 3, 2021. POWERGRID InvIT is issuing Units aggregating up to Rs 4,993.484 crore and the Selling Unitholder is offering Units aggregating up to Rs 2,741.508 crore. As per the schedule, the Anchor Investor Bidding Date shall be one Working Day prior to the Bid/Offer Opening Date i.e. April 28, 2021.

Uttar pradeshAxis capitalEdelweiss financial servicesPower grid corporation of indiaInfrastructure investment trustUnchahar transmissionTrusteeship servicesCapital markets india privateInvestment trustMonday maySelling unitholderAnchor investor bidding dateWorking dayOffer opening dateNet proceedsInitial portfolio assets