Thoughts on the INVIT yield and OD source
IPO note from Prabhudas Liladher
“At upper end of price band, we expect PGInVIT to generate an IRR of ~9%, over the life of assets”
Another broker (GEPL Capital) note
Investors can expect a pre-tax yield of 9 to 11% based on the utilization of funds to repay the SPV level debt.
Another interesting point on merchant bankers past performance:
MERCHANT BANKER’S PERFORMANCE:
The four BRLMs associated with the offer have handled 36 public issues in the past three fiscals including the current financial year, out of which 16 issues closed below the issue price on the listing date.