India Grid Trust – allocates shares to anchor investors

India Grid Trust which is tapping the capital markets with its issue to raise Rs 2,250 crs in a price band of Rs 100-102 competed allocation to anchor investors. A total of 12,43,520 units werew allotted to 17 anchor investors comprising of 19entitie at Rs 102 per unit. The highest allotment was made to BNP Paribas who were allotted 21% of the anchor allotment followed by Deutsche Global Infrastructure Fund with 17%.

The issue opens on Wednesday the 17th of May and closes on Friday the 19th of May. The lot size id 10,206 units and 5,103 units thereafter. 75% of the issue is reserved for QIB’s and the balance for non-QIB. This would be the second such trust offering after the success of IRB which would be listing on Thursday the 18th of May.


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