Shares of PowerGrid Infrastructure Investment Trust listed with a premium of 4 per cent on Friday against its issue price of Rs 100. The stock made its debut at Rs 104, registering a gain of 4 per cent on the BSE. It further jumped 4.97 per cent to Rs 104.97 as the trade progressed.
At the NSE, it listed at Rs 104, with a premium of 4 per cent. Earlier this month, the initial public offer of PowerGrid Infrastructure Investment Trust was subscribed 4.83 times. Price range for the offer was at Rs 99-100 per unit.
- Macrotech Developers Shares Slipped 5% Amid Abhishek Lodha’s Lawsuit Against Abhidandan Lodha
- Maharashtra State Government Inks MoU’s Worth Rs 6.25 Lakh Crore with Indian Companies
- Swiggy Zomato Shares Slump Over Growing Competition
- Stocks Under F&O Ban: Dixon Tech (India), Mahanagar Gas, L&T Finance, and Others
- India to Bring Back 18,000 Citizens from US to Appease Trump
PowerGrid Infrastructure Investment Trust (PowerGrid InvIT) is owned by the state-owned PowerGrid Corporation of India. InvITs are instruments on the pattern of mutual funds and are designed to pool small sums of money from a number of investors to invest in assets that give cash flow over a period of time.
Stock Covered in the news
PowerGrid Infrastructure Investment Trust-View Detailed Analysis
