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India’s first InvIT makes tepid St debut

DNMUM388980 | 5/19/2017 | Author : Ateeq Shaikh | WC :268



Mumbai: India’s first Infrastructure Investment Trust (InvIT) - IRB InvIT Fund - had just an hour to cheer about on its listing day as the price tanked thereafter.
The tepid response on Thursday raised concerns over the InvITs of the other infrastructure companies that are in the pipeline.
On May 3, the final day of IPO issue, IRB InvIT Fund was subscribed 8.57 times, with retail investors looking forward to their share of the pie. However, on the listing day, the excitement disappeared though the issue was top traded on BSE on Thursday.
As per statistics, 1,68,15,000 shares were traded on BSE.
The total turnover was Rs 171.95 crore in 2,724 trades. On NSE, 7,81,05,000 units worth Rs 797.99 crore was traded.
On BSE, the In
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