India Grid Trust’s Rs 2,250-cr IPO oversubscribed 1.17 times

India Grid Trust’s Rs 2,250-cr IPO oversubscribed 1.17 times

The IPO of India Grid Trust to raise Rs 2,250 crore was oversubscribed 1.17 times till late afternoon trade on the last day of the offer on Friday.

The issue received bids for 14,73,38,919 shares against the total issue size of 12,62,78,838, data available with the NSE till 2:00 pm (1400 hours) showed.

The InvIT, sponsored by Sterlite Power Grid Ventures Ltd, on Tuesday raised over Rs 1,012 crore from anchor investors. Read more

Credits:business-standard.com

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