The initial public offer of IRB InvIT Fund was oversubscribed 1.26 times till afternoon trade on the last day of the offer today.
The offer received bids for 31,50,35,000 shares against the total issue size of 25,09,90,397 shares, data available with the NSE till 1200 hours showed. IRB InvIT Fund on Tuesday raised around Rs 2,100 crore from anchor investors.
The IPO, the first in the InvIT space, has a price band of Rs 100-102.
InvITs or infrastructure investment trusts are those debt instruments that will be traded in the market and can act as investment vehicles for sponsors.