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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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