Power Grid Invit IPO Analysis || Hybiz tv

Описание: PowerGrid Infrastructure Investment Trust is set to open its initial public offering for subscription on April 29, the first InvIT to be launched by the government company.

The units are proposed to be listed on the BSE and National Stock Exchange of India. The lead managers to the offer are ICICI Securities, Axis Capital, Edelweiss Financial Services, and HSBC Securities and Capital Markets (India).

An infrastructure investment trust (InvIT) works like a mutual fund. It is an investment vehicle that allows individuals and institutions to invest in infrastructure assets such as roads, power transmission lines, etc to earn a small portion of the income as a return over a period of time.

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