The IPO of the state-run Power Grid Infrastructure Investment Trust has opened today. The issue is open for investment, which will close on 3 May.
IPO (nominal photo)
If you want to earn through the stock market and are looking for a good stock, then today is a good opportunity for such people. In fact, the Power Grid Infrastructure Investment Trust, owned by the state-run Power Grid Corporation of India, launched its IPO on 29 April. This is the first Invit IPO to be released by a PSU company. The issue opened for investment today, which will close on 3 May 2021.
The IPO has been opened for bidding. The share allotment date is 10 May 2021. At the same time, this share will come in the demat account on 11 May 2021. While the IPO listing date is 17 May 2021. It is known that this IPO of Power Grid belongs to InvIT Group. It is like a collective investment scheme that works like a mutual fund.
Can earn from investment in the project
Power Grid Corporation has launched these IPOs at a time when the government has set a disinvestment target of Rs 175 lakh crore for the financial year 2022. In this case, individual or institutional investors in this InvIT can earn profits by investing directly in an infrastructure project. Investors can earn as a return from the income of the projects.
Know how much is the share
The company has fixed the price of the shares from 99 to 100 rupees for the IPO. The size of the IPO is Rs 7734 crore. The PowerGrid InvIT IPO includes a fresh issue of Rs 4,993.48 crore and an offer for sale of Rs 2,741.51 crore to be placed by the unit holders.
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