InvestorQ : Can you share with me details of the Power Grid INVIT IPO?
NISHA Nayak made post

Can you share with me details of the Power Grid INVIT IPO?

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Priyanka N answered.
2 weeks ago
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The IPO of Power Grid INVIT, of Infrastructure Investment Trust, opens for subscription on 29 Apr and closes on 03 May. The price band for the IPO has been fixed in the range of Rs.99-100 per INVIT unit. In all, Power Grid will monetize five of its power transmission assets in India.

Power Grid INVIT IPO will entail fresh issue of units worth Rs.4,993 crore and the offer for sale or OFS portion will be Rs.2,742 crore. The overall INVIT IPO size would be Rs.7,735 crore. Ahead of the IPO, the anchor investor bidding is scheduled on 28 April. Retail will have a quote of 25% and minimum lot size will be 1100 units or Rs.110,000.

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