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PowerGrid InvIT slips after debut at 4% premium to IPO price

PowerGrid InvIT slips after debut at 4% premium to IPO price
During the day, the scrip touched an intra-day high of 104.97 on BSE, before slipping to an intra-day low of Rs 102.84. The stock closed the day on Rs 102.98, down 1.02 points
BusinessToday.In | May 14, 2021 | Updated 18:29 IST
PowerGrid Infrastructure Investment Trust (InvIT) made its debut on the stock exchanges at a premium of 4 per cent over the issue price. The stock was listed on BSE and NSE at Rs 104 per unit, as compared to the IPO price of Rs 100. The stock closed lower amid volatility and nervous in the market.
During the day, the scrip touched an intra-day high of 104.97 on BSE, before slipping to an intra-day low of Rs 102.84. The stock closed the day on Rs 102.98, down 1.02 points or 0.98 per cent from the opening price. This is 2.98 points higher than the issue price. ....

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PowerGrid InvIT IPO to open on April 29; price band fixed at Rs 99-100

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. ....

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