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 Review:
- Adding Soon
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 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.
