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POWERGRID InvIT makes decent debut


POWERGRID Infrastructure Investment Trust was trading at Rs 103.55 at 11:08 IST on the BSE, a premium of 3.55% over the initial public offer (IPO) price of Rs 100.
Units of the infrastructure investment trust were listed at Rs 104, at a premium of 4% to the initial public offer (IPO) price. So far, the units have hit a high of Rs 104.97 and low of Rs 103.40. On the BSE, 10.30 lakh units were traded on the counter so far.
The IPO of POWERGRID Infrastructure Investment Trust (PowerGrid InvIT) was subscribed 4.83 times. The issue opened for bidding on 29 April 2021 and it closed on 3 May 2021. The price band of the IPO was Rs 99-100. ....

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