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Sterlite Power InvIT IPO may offer 10.9% yield to investors

The IPO will open on May 17 and close on May 19 and has a price band of Rs 98-100 per unit.

May 11, 2017 / 10:54 AM IST
IPO

IPO

Sterlite Power Grid Ventures, through the IPO of its InvIT -- India Grid Trust IndiGrid -- is expected to give 10.9 percent to its investors, according to market estimates

The IPO, which will be second in this segment, will open on May 17 and close on May 19.

It commands a price band of Rs 98-100 per unit, according to a public notice. The bids can be made for a minimum of 10,205 units and in multiples of 5,103 units thereafter, it added.

The initial share sale size of its infrastructure investment trust (InvIT) will be Rs 2,250 crore.