POWERGRID Infrastructure Investment Trust InvIT IPO Detail
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.
Company Promoters
IPO Details
| IPO Opening Date | Apr 29, 2021 |
| IPO Closing Date | May 03, 2021 |
| Issue Type | Book Built Issue InvIT |
| Face Value | ₹10 per equity share |
| IPO Price | ₹99 - 100 per equity share |
| Market Lot | 1100 Shares |
| Min Order Quantity | 1100 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹7,734.99 |
| 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) |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.03x | - | - | 0.19x | x | 0.10x |
| Day 2 | 0.38x | - | - | 0.88x | x | 0.61x |
| Day 3 | 4.63x | - | - | 5.07x | x | 4.83x |
IPO Tentative Timetable
The POWERGRID Infrastructure Investment Trust InvIT IPO open date is Apr 29, 2021, and the close date is May 03, 2021. The issue may list on May 17, 2021.
| IPO Open Date | Apr 29, 2021 |
| IPO Close Date | May 03, 2021 |
| Basis of Allotment Date | May 10, 2021 |
| Initiation of Refunds | May 11, 2021 |
| Credit of Shares to Demat Account | May 11, 2021 |
| IPO Listing Date | May 17, 2021 |
IPO Lot Size
The POWERGRID Infrastructure Investment Trust InvIT IPO market lot size is 1100 shares. A retail-individual investor can apply for up to 1 lots (1100 shares or ₹110000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1100 | ₹110000 |
| Maximum | 1 | 1100 | ₹110000 |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|
Objects of the Issue:
