POWERGRID Infra Investment Trust completes one year of listing
India’s first Infrastructure Investment Trust by a Maharatna CPSE, Power Grid Corporation of India Limited (‘POWERGRID’) (NSE: POWERGRID; BSE: 532898), completed one year of listing, on May 14, 2022, with excellent performance.
PGInvIT units have given a capital return of 37% to its unitholders on the Offer Price of Rs 100, during the period outperforming the benchmark indices on the bourses. Total returns to unitholders is about 45% including an aggregate distribution of Rs 7.50 per unit paid by PGInvIT since listing. PGInvIT came out with its Initial Public Offer in April 2021.
The issue received overwhelming response of the investors and was oversubscribed 4.83 times, despite being launched in the midst of very difficult pandemic and volatile market conditions.
