May 19, 2017 / 9:13 AM / in 2 months

India Grid Trust up to $347 mln IPO gets fully subscribed

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MUMBAI, May 19 (Reuters) - India Grid Trust's up to 22.5 billion rupees ($347.22 million) initial public offering was fully subscribed on the last day of the sale, exchange data showed on Friday.

The company is selling shares at between 98 to 100 rupees per share, and will become the second infrastructure investment trust to list in the country after IRB InvIT Fund had a tepid debut on Thursday.

India Grid Trust has already raised 10.12 billion rupees from 19 anchor investors at the upper end of the price band. ($1 = 64.8000 Indian rupees) (Reporting by Swati Bhat; Editing by Rafael Nam)

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