POWERGRID Infrastructure Investment Trust InvIT Detail - POWERGRID InvIT IPO April 2021

Power Grid Infrastructure Investment Trust has fixed a price band of Rs 99-100 per unit for its Rs 7,735 crore initial share sale, which will open for public subscription on April 29. The issue will close on May 3 and the bidding for anchor investors will open on April 28, according to the company's statement on Monday.

Power Grid Infrastructure Investment (PowerGrid InvIT) is owned by state-run Power Grid Corporation of India. This will be the first Infrastructure Investment Trust (InvIT) in the country to be floated by a public sector company.

The initial public offer (IPO) comprises fresh issue of shares worth Rs 4,993.48 crore and offer for sale to the tune of Rs 2,741.50 crore by selling shareholders. The PowerGrid InvIT units are proposed to be listed on National Stock Exchange and BSE.


    Powergrid invit ipo detail

    POWERGRID InvIT IPO Review:

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    POWERGRID InvIT IPO Date & Price Band:


    IPO Opening Date Apr 29, 2021
    IPO Closing Date May 3, 2021
    Issue Type Book Built Issue InvIT
    Face Value ₹ per equity share
    IPO Price ₹99 to ₹100 per equity share
    Market Lot 1100 Shares
    Min Order Quantity 1100 Shares
    Listing At BSE, NSE
    Issue Size [.] Eq Shares of ₹
    (aggregating up to ₹7,734.99 Cr)
    Fresh Issue [.] Eq Shares of ₹
    (aggregating up to ₹4,993.48 Cr)
    Offer for Sale [.] Eq Shares of ₹
    (aggregating up to ₹2,741.51 Cr)


    POWERGRID InvIT IPO Tentative Timetable

    The POWERGRID InvIT IPO open date is  Apr 29, 2021 , and the close date is  May 03, 2021. The issue may list on .
    IPO Open Date 29 Apr , 2021
    IPO Close Date 03 May , 2021
    Basis of Allotment Date 10 May , 2021
    Initiation of Refunds 11 May , 2021
    Credit of Shares to Demat Account 11 Mat , 2021
    IPO Listing Date 17 May , 2021

    POWERGRID InvIT IPO Market Lot:

    Minimum Lot Size: Minimum  1100 Shares
    Minimum Amount: ₹1,10,000
    Maximum Lot Size: Maximum 1100 Shares
    Maximum Amount: ₹1,10,00

    POWERGRID InvIT IPO Form:

    How to apply the POWERGRID InvIT IPO? You can apply POWERGRID InvIT IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the POWERGRID InvIT IPO in the Invest section. The other option you can apply POWERGRID InvIT IPO via IPO forms download via NSE and BSE. Check out the POWERGRID InvIT forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.

    About POWERGRID InvIT

    Powergrid InvIT (Infrastructure Investment Trust) owns, construct, operate, maintain and invest in power transmission assets in India. Powergrid InvIT registered with SEBI as an InvIT on January 7, 2021.

    Powergrid InvIT has been given a credit rating of Provisional [ICRA] AAA (Stable), CARE AAA (Is); Stable and Provisional CCR AAA/Stable by ICRA Limited, CARE Ratings Limited, and CRISIL Ratings Limited, respectively.

    Powergrid InvIT's sponsor is Power Grid Corporation of India Limited (PGCIL). PGCIL is the largest power transmission company in India. PGCIL is engaged in project planning, designing, financing, constructing, operating, and maintaining power transmission projects across India.

    Powergrid InvIT's Investment Manager, POWERGRID Unchahar Transmission Limited, a wholly-owned subsidiary of PGCIL. They are responsible for managing the InvIT, the Initial Portfolio Assets as well as undertaking investment decisions relating to its assets.

    Powergrid InvIT's Trustee, IDBI Trusteeship Services Limited is SEBI registered debenture trustee. They are responsible for ensuring that its business activities and investment policies comply with the provisions of the InvIT Regulations, and monitoring the activities of our Investment Manager and the Project Manager.

    POWERGRID InvIT IPO Prospectus

    • POWERGRID InvIT DRHP
    • POWERGRID InvIT RHP  

    POWERGRID InvIT Company Promoters:



    POWERGRID InvIT IPO Registrar:

    KFintech Private Limited
    KFintech, Tower-B, Plot No 31 & 32,
    Financial District, Nanakramguda, Gachibowli,
    Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    Email: powergrid.invit@karvy.com
    Website: https://karisma.kfintech.com/

     

    POWERGRID InvIT IPO Lead Managers: 

    • Axis Capital Limited
    • Edelweiss Financial Services Ltd
    • HSBC Securities & Capital Markets Pvt Ltd
    • ICICI Securities Limited

    POWERGRID InvIT Company Address: 

    POWERGRID Infrastructure Investment Trust
    Plot No. 2,
    Sector 29,
    Gurgaon 122 001

    Phone: +91 124 282 3177;
    Email: investors@pginvit.in
    Website: http://www.pginvit.in/

    POWERGRID InvIT IPO FAQs:

    1. When POWERGRID InvIT IPO will open for Anchor Investors?
    The Anchor Investors bidding is Apr 2021.

    2. When POWERGRID InvIT IPO will open ?
    The IPO to open on  29 Apr 2021  Investors.

    3. What is POWERGRID InvIT IPO Investors Portion?
    The investors' portion for QIB-50%, NII-10%, and Retail-35%.

    4. How to Apply the POWERGRID InvIT IPO?
    You can apply POWERGRID InvIT IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

    5. What is POWERGRID InvIT IPO Allotment Date?
    POWERGRID InvIT IPO allotment date is   10 May 2021. You can check IPO allotment here.

    6. What is POWERGRID InvIT IPO Listing Date?
    POWERGRID InvIT IPO listing date is 17 May 2021. The IPO to list on NSE and BSE. 

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