Press "Enter" to skip to content

Share Market Live: Sensex, Nifty Off To A Volatile Start; Asian Paints, Borosil Renewables Jump 10% – BloombergQuint


PowerGrid InvIT made its trading debut at Rs 104 per unit on BSE, a premium of 4% over its initial public offering.

The IPO, which ran from April 29 to May 3, was subscribed 4.83 times.

The issue was priced in the band of Rs 99-100. It included fresh issues of units worth Rs 4,993.48 crore, while the rest was an offer for sale. The InvIT will use the proceeds to provide loans to the initial portfolio assets for repayment or pre-payment of debt.

PowerGrid InvIT is set up to own, construct, operate, maintain and invest in power transmission assets in India. Its sponsor, PowerGrid Corp. of India, is a central public sector enterprise under the Ministry of Power, and is listed on the BSE and NSE.