The issue, which will open for subscription on 29 April and close on 3 May, has been priced in the band of Rs99-100 per unit.

Synopsis

“Investors preferring annuity like income over growth can subscribe to the issue from long term perspective,” said Vikas Jain, analyst, Reliance Securities.

MUMBAI: Investors looking for a low-risk security that could offer better returns than traditional fixed income options could consider the Initial Public Offering of PowerGrid Infrastructure Investment Trust. Analysts said investors could expect 10-12% yield annually from this InvIT—the first by a state-owned entity. “Investors preferring annuity like income over growth can subscribe to the issue from long term perspective,” said Vikas Jain,

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