What was the final figure on the Power Grid INVIT IPO subscription in the market?
Answer
Answer
Power Grid INVIT IPO closed with 4.83 times subscription. The INVIT IPO got bids for 205 crore shares against the issue size of 42.54 crore shares. At the upper price band of Rs.100, the INVIT got bids worth Rs.20,547 crore. While QIB portion was subscribed 4.63 times, the HNI portion was subscribed 5.07 times; in the first big test for monetized paper appetite.