BSE conducts mock trading session for infrastructure investment trusts
DSIJ Intelligence / 26 Apr 2017
BSE has begun a two-day mock trading session for infrastructure investment trusts (InvITs), ahead of next month’s IPO by first such trust. The Exchange has developed the facility on its web based platform, IBBS (Internet based book building software) to accumulate the bids from the applicants for InvITs.
BSE has begun a two-day mock trading session for infrastructure investment trusts (InvITs), ahead of next month’s IPO by first such trust. The Exchange has developed the facility on its web based platform, IBBS (Internet based book building software) to accumulate the bids from the applicants for InvITs.
The Exchange would conduct a mock session for InvITs on the IBBS platform on April 26 and April 27. The mock session would be conducted between 11 am and 5 pm.
InvITs are debt instruments that can be traded in the market, and can act as investment vehicles for the sponsors.
IRB InvIT Fund, sponsored by engineering company, IRB Infrastructure Developers, will launch its IPO on May 3 to raise more than Rs 5000 crore.
The company’s InvIT IPO is going to close on May 5, and has set a price band of Rs 100 to Rs 102 per unit.
Its offer-for-sale of nearly 3.48 crore units by IRB Infra Developers, and its arms Modern Road Makers, Aryan Toll Road, ATR Infra and Ideal Road Builders.
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