PowerGrid InvIT IPO GMP Today, Review, Share Price, Dates, and more

The PowerGrid Infrastructure Investment Trust(InvIT) is here with its IPO. It is the 18th Indian IPO to launch this year(2021). It is a Rs 7734 Crore IPO which makes it one of the biggest sized IPO of 2021. The fresh issue shares are amounting to Rs 4993 crores while offer for sale is worth Rs 2741 of equity shares. It can be a good IPO to invest in and make some money. Now, let's checkout its GMP Today, Review, Share Price, Important Dates, and more.

The PowerGrid InvIT IPO process will go on for around 20 days. Check all the Important Dates below so that you don’t miss out on any event.

The PowerGrid InvIT IPO is available at a price band of Rs 99-100 per equity share. Therefore, its price is lower than expected.

Related Read: Shyam Metalics IPO Share Price, Dates, GMP Today and more

The PowerGrid InvIT IPO is trading with a good premium in the grey market. Its Today’s GMP is Rs 100 (unofficial) per equity share. As it progresses ahead, speculations are that its GMP will increase more.

The lot size of PowerGrid Infrastructure Investment Trust IPO is 1 lot per individual retail investor. Here, 1 lot consists of 1100 shares. Therefore, you need to make a minimum investment of Rs 1,10,000 to get a place in this IPO.

The PowerGrid InvIT IPO is subscribed 0.10 times or 10% as of 29th April, 17:00 (IST) as per NSE. It will be interesting to see how many retail individual investors turn out for it as the IPO progresses.

The PowerGrid Infrastructure Investment Trust (InvIT) is into the working of power transmission assets in India. It is sponsored by Power Grid Corporation of India Limited (PGCIL) which is the largest power transmission company in India.

Many brokerage firms have described PowerGrid InvIT IPO as a good one. Moreover, its sponsors have their base roots super established. In addition, its strong financials are commendable. The cash flow of this company is also good. Besides, we all know that the power transmission business is never going to go away. It is also supported by an experienced & proven investment manager. Therefore, we give a thumbs up to this IPO. The only issue here might be the huge amount of investment which many small investors can’t afford, but as they say “without risk there is no reward”.

Will you subscribe to PowerGrid InvIT IPO or give it a skip? You can share your views with us and the entire community in the comments below.

Disclaimer: We are not SEBI registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestion. Consult your financial advisor before making any decision.