PowerGrid InvIT IPO To Open On April 29

PowerGrid Infrastructure Investment Trust (InvIT) will launch its initial public offering (IPO) on April 29. The offer will close on May 3. This is the first ever InvIT (infrastructure investment trust) IPO by a state-owned company and will only be the third InvIT to be listed on the Indian bourses; IRB InvIT and India Grid Trust went public in the year 2017. The shares are likely to be listed on the BSE and NSE.