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India Grid Trust Up To Rs 2,250-Crore IPO Fully Subscribed

India Grid Trust is selling shares at between Rs 98 and Rs 100 per share, and will become the second infrastructure investment trust to list in the country after IRB InvIT Fund had a tepid debut on Thursday.
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India Grid Trust has already raised Rs 1,012 crore from 19 anchor investors
India Grid Trust has already raised Rs 1,012 crore from 19 anchor investors
Mumbai: India Grid Trust's up to Rs 2,250 crore ($347.22 million) initial public offering was fully subscribed on the last day of the sale, exchange data showed on Friday. The company is selling shares at between Rs 98 and Rs 100 per share, and will become the second infrastructure investment trust to list in the country after IRB InvIT Fund had a tepid debut on Thursday. 

India Grid Trust has already raised Rs 1,012 crore from 19 anchor investors at the upper end of the price band.

($1 = Rs 64.80)

© Thomson Reuters 2017



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