IRB InvIT Fund Rs 4,600-cr IPO subscribed 8.5 times

IRB InvIT Fund Rs 4,600-cr IPO subscribed 8.5 times

The initial offering of IRB infrastructure investment trust (Invit), India’s first such offering, has garnered positive response from the investors. The issue was oversubscribed 8.5 times with strong demand coming from all categories of investors. Market participants said the success of IRB’s Invit would encourage more infrastructure players to come up with their offerings in the next few months.

The shares reserved for the institutional investors were oversubscribed a little more than ten times with 1.4 billion bids coming against 136.9 million units on offer. On the other hand, the portion for other investors including high net worth individuals (HNIs) and corporates saw bids for 662.7 million units against 114 million on offer. The portion was oversubscribed 5.8 times.

“We are extremely with the response received for

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