PowerGrid InvIT IPO subscribed 59% on Day 2
NEW DELHI: Subscription for the IPO of the infrastructure investment trust NSE -1.45 %, sponsored by the Power Grid Corporation of India NSE -0.05 %, grew gradually on the second day of the bidding process on Friday. The issue was subscribed 59 per cent.
By 5:00 pm on Friday, the issue received bids for 25,17,42,700 units out of the 42,54,25,000 units on offer for subscription.
