{"id":411993,"date":"2021-04-26T09:30:27","date_gmt":"2021-04-26T04:00:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=411993"},"modified":"2021-04-26T10:47:33","modified_gmt":"2021-04-26T05:17:33","slug":"powergrid-invit-fixes-ipo-price-band-%e2%82%b999-100-a-share","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/powergrid-invit-fixes-ipo-price-band-%e2%82%b999-100-a-share\/","title":{"rendered":"PowerGrid InvIT fixes IPO price band \u20b999-100 a share"},"content":{"rendered":"<p>Mumbai: PowerGrid Infrastructure Investment Trust has fixed the price band of its initial public offering at \u20b999- \u20b9100 per share. The company&#8217;s IPO will open on 29 April and close 3 May.<\/p>\n<p>The anchor investor portion will open for bidding on 28 Apri, the company said. <\/p>\n<p>This will be the first time a state-owned entity is monetizing its infrastructure assets through the InvIT route. This will also be only the third InvIT to be listed in the Indian markets, after IRB InvIT and India Grid Trust both of which went public in 2017. <\/p>\n<p>In January, Mint reported that the IPO will see the InvIT raise up to \u20b94,995 crore by selling new units of the trust, <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: PowerGrid Infrastructure Investment Trust has fixed the price band of its initial public offering at \u20b999- \u20b9100 per share. The company&#8217;s IPO will open on 29 April and close 3 May. The anchor investor portion will open for bidding on 28 Apri, the company said. This will be the first time a state-owned entity is monetizing its infrastructure assets through the InvIT route. This will also be only the third InvIT to be listed in the Indian markets, after IRB InvIT and India Grid Trust both of which went public in 2017. In January, Mint reported that the IPO [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-411993","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=411993"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411993\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=411993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=411993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=411993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}