About Power Grid InvIT
Powergrid Corporation of India is launching InvIT (Infrastructure Investment Trust) IPO, the first-ever by a state-owned firm. The Rs. 7000 crores public offer comprises fresh issuance of units aggregating up to Rs. 5000 crores and offer for sale of units worth Rs. 2000 crores.
The trust is set up to own, construct, operate, maintain and invest as an infrastructure investment trust in power transmission assets in India. The InvIT is sponsored by Powergrid Corporation of India, India’s largest power transmission company. The state-owned firm is engaged in project planning, designing, financing, constructing, operating, and maintaining power transmission projects across India and undertakes operations in the Indian telecom infrastructure sector.
How do I apply for the Power Grid InvIT IPO?
The UPI IPO method for applying is not yet available for InvITs. You can log into your bank’s net banking portal and use your BO ID to apply using netbanking ASBA. The application amount will be blocked in your bank account and will be deducted only if you receive an allotment of the units which will be added to your demat account.
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