Stock Markets

PowerGrid InvIT IPO Price, GMP, Listing, Allotment Status, Issue Size, Details & How To Buy

The Issue size Rs 4,993.48 crore and it will sale up to 2,741.51 crore shares

PowerGrid Infrastructure company has finally decided to launch its IPO. The PowerGrid Corporation India has going to offer this initial public offer this April 2021. The Issue size Rs 4,993.48 crore and it will sale up to 2,741.51 crore shares. The IPO will be open for Subscription from 29 April 2021. Here are the brief details regarding this upcoming IPO. Please read this article to know All the Dates, Share Price, Allotment Status, Listing Date, Grey Market Price GMP & Review. Read ALso: NSDL IPO Details

IPO Open Date Apr 29, 2021
IPO Close Date May 3, 2021
Basis of Allotment Date May 10, 2021
Initiation of Refunds May 11, 2021
Credit of Shares to Demat Account May 11, 2021
IPO Listing Date May 17, 2021

PowerGrid InvIT has offered various services like construct, operate, maintain and invest in power transmission assets in India. It is one of the profitable firms in India which is owned by Govt. India. Here is the complete financial report of the company along with IPO details.

IPO Opening Date Apr 29, 2021
IPO Closing Date May 3, 2021
Issue Type Book Built Issue InvIT
Face Value ₹ per equity share
IPO Price ₹99 to ₹100 per equity share
Market Lot 1100 Shares
Min Order Quantity 1100 Shares
Listing At BSE, NSE
Issue Size [.] Eq Shares of ₹
(aggregating up to ₹7,734.99 Cr)
Fresh Issue [.] Eq Shares of ₹
(aggregating up to ₹4,993.48 Cr)
Offer for Sale [.] Eq Shares of ₹
(aggregating up to ₹2,741.51 Cr)

Currently, The Share price has been revealed and according to the data, share price is Rs 99 – Rs 100 Per share. Buyer can buy the shares at this price band and invest money in this IPO.

Application Lots Shares Amount (Cut-off)
Minimum 1 1100 ₹110,000
Maximum 1 1100 ₹110,000

If you want to know the minimum share quantity or minimum lot size then we want to inform you that any retail investor will have to buy a minimum of 1100 shares which is 1 lot of this IPO. The 1 lot includes 1100 units of shares.

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