PowerGrid InvIT IPO to open on April 29; price band fixed at Rs 99-100 The company informed that the net proceeds from the offer will be utilised towards providing loans to the initial portfolio assets for repayment or pre-payment of debt, including any accrued interest, and for general purposes BusinessToday.In | April 27, 2021 | Updated 15:11 IST The price band for the share sale has been fixed at Rs 99-100 per unit The initial public offering (IPO) of PowerGrid Infrastructure Investment Trust, owned by state-run Power Grid Corporation of India, will open for subscription on April 29. The price band for the share sale has been fixed at Rs 99-100 per unit.