PowerGrid Infrastructure Investment Trust is likely to launch its initial public offering at the end of April 2021, two people aware of the development told Mint. This will be the first time a state owned entity is monetizing its infrastructure assets through the InvIT route. This will also be only the third InvIT to be listed in the Indian markets, after IRB InvIT and India Grid Trust both of which went public in 2017. A spokesperson for PowerGrid could be immediately reached for a comment. ICICI Securities, Axis Capital, Edelweiss Financial Services and HSBC Securities and Capital Markets India are the lead managers to the issue.