IRB InvIT Fund IPO (First InvIT Fund) – Details & Review, Price, Listing
Update: 4th May Day 2: IRB InvIT Fund IPO subscribed 62% on Day 2. Institutional Investors' portion was subscribed 49% and other investors 77 %.
Engineering company IRB Infrastructure on became the first firm to announce a public offer in the InvITs space with a Rs5,000 crore plus public issue of its fund opening on 3 May.
What are InvIT : InvITs or infrastructure investment trusts are those debt instruments which be traded in the market and can act as investment vehicles for the sponsors. The listing of instruments enable promoters of infrastructure to monetise completed assets and raise funds for other long-term projects.
Infrastructure investment trusts are similar to mutual funds that pool investment from various category of investors and invest them into completed and revenue genera...