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April 28, 2021
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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 On Thursday, 29-Apr-21
Bid/Offer Closes On Monday, 03-May-21
Price Band Rs. 99 - Rs. 100 per equity share
Lot Size 1100 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 On 29-Apr-21
Bid/Offer Closes On 03-May-21
Finalization of Basis of Allotment 10-May-21
Initiation of Refunds 11-May-21
Credit of Shares to Demat Acct 11-May-21
IPO Shares Listing Date 17-May-21
UPI mandate expiry date 24-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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