IPO Alert: PowerGrid InvIT

Owned by state-run PowerGrid Corporation of India, PowerGrid Infrastructure Investment Trust was set up to own, construct, operate, maintain and invest as an infrastructure investment trust. The PowerGrid InvIT’s Initial Portfolio Assets comprise five power transmission projects located across five states of India.

Bid/Offer Opens OnThursday, 29-Apr-21
Bid/Offer Closes OnMonday, 03-May-21
Price BandRs. 99 - Rs. 100 per equity share
Lot Size1100 Shares

More on PowerGrid InvIT IPO | How to Check Allotment Status | How to Apply

The below table has important dates with respect to the IPO allotment and listing

Bid/Offer Opens On29-Apr-21
Bid/Offer Closes On03-May-21
Finalization of Basis of Allotment10-May-21
Initiation of Refunds11-May-21
Credit of Shares to Demat Acct11-May-21
IPO Shares Listing Date17-May-21
UPI mandate expiry date24-May-21
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.
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