Information about IPO:
Also, known as power grid Infrastructure Investment Trust, registered with the SEBI on January 07,2021.
Sponsored by the PGCIL (Power Grid corporation of India) and Power Grid Unchahar Transmission limited is its investment manager. PGCIL largest power transmission company and mainly engaged in operating and maintaining power transmission assets across India.
PGCIL third largest PSU with over 85% market share in cumulative power supply across India.
Plans to raise Rs 7735 crore through public Issue with Rs 4993.48 crore of fresh issue and 2741.51 crore offer for sale by selling unit holders.
Already got Rs 3480 crore from anchor investors before opening the issue.
Important Dates and Figures:
Date of opening: April 29, 2021
Last date: May 03, 2021
Price per share(Rs): 99-100
Minimum Number of shares for BID: 1100 (1 Lot)
Minimum amount for Investing(Rs) : 1,10,000 (as per max bid price of Rs 100)
Date of allotment: May 10, 2021
IPO listing: May 17, 2021
Where to Subscribe:
Apply through Banks ASBA Facility only via internet banking or mobile banking.
Not Available to apply through stock brokerage houses because of restriction in UPI payment.
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