POWERGRID Infrastructure Investment Trust InvIT

Mainboard

Listed On: May 14, 2021 at ₹ 104.0

₹ 110000 /1100 Shares

Check Allotment

IPO Details

29 Apr, 2021

Open Date

03 May, 2021

Close Date

10 May, 2021

Allotment Date

14 May, 2021

Listing Date

Issue Price

₹99-100 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFintech Private Limited

List Price

104.0

Listing Date

2021-05-14

Market Lot

1100 Shares (₹1,10,000/-)

Lead Manager

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

Issue Size

Total Equity Shares 77,34,99,000 of Rs 10/- at price of Rs 99/- to Rs 100/- with aggregating up to Rs 7,734.99/- Cr

#Fresh Issue of 49,93,48,000 Equity Shares of Rs 10/- at price of Rs 99/- to Rs 100/- with aggregating up to Rs 4,993.48/- Cr

#Offer for Sale of 27,41,51,000 Equity Shares of Rs 10/- at price of Rs 99/- to Rs 100/- with aggregating up to Rs 2,741.51/- Cr

Retail Portion

N/A%

Subscription

4.83 times

IPO Docs

RHP

IPO Subscription Details

As on	QIB	NII	Retail	Total
Shares Offered / Reserved	232,049,400	193,375,600	N/A	425,425,000
Day 1 - 29-04-21 05:00 PM	0.03 x	0.17	N/A x	0.10 x
Day 2 - 30-04-21 05:00 PM	0.38 x	0.88	N/A x	0.61 x
Day 3 - 03-05-21 05:00 PM	4.63 x	5.07	N/A x	4.83 x

Total No. of Applications: 46284 (Approx)

Company Financials All values are in ₹ Cr.

About The Company

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 Promoter(s)

IPO - Issue Objectives

IPO - Anchor Investors

PowerGrid InvIT garners Rs 3,480 crore from anchor investors ahead of IPO

Among the anchor investors are SBI Mutual Fund (MF), HDFC MF, Tata MF, Fidelity Funds, Tata AIA Life Insurance Company, Tata AIG General Insurance Company, SBI Life Insurance Company, UTI MF, ICICI Prudential MF, Sundaram MF, Rainbow Investments Ltd and CPP Investment Board Private Holdings.

IPO - FAQs

Ans. POWERGRID Infrastructure Investment Trust InvIT is a Mainboard IPO. The issue is priced at ₹99-100 per equity share. The minimum order quantity is 1100 Shares. The IPO opens on Apr 29, 2021, and closes on May 3, 2021. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The POWERGRID Infrastructure Investment Trust InvIT opens on Apr 29, 2021 and closes on May 3, 2021.

Ans. The size of POWERGRID Infrastructure Investment Trust InvIT is Total Equity Shares 77,34,99,000 of Rs 10/- at price of Rs 99/- to Rs 100/- with aggregating up to Rs 7,734.99/- Cr #Fresh Issue of 49,93,48,000 Equity Shares of Rs 10/- at price of Rs 99/- to Rs 100/- with aggregating up to Rs 4,993.48/- Cr #Offer for Sale of 27,41,51,000 Equity Shares of Rs 10/- at price of Rs 99/- to Rs 100/- with aggregating up to Rs 2,741.51/- Cr.

Ans. The IPO price band is set between ₹99-100 per equity share.

Ans. To apply for POWERGRID Infrastructure Investment Trust InvIT IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find POWERGRID Infrastructure Investment Trust InvIT in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of POWERGRID Infrastructure Investment Trust InvIT is May 10, 2021.

Ans. The POWERGRID Infrastructure Investment Trust InvIT will be listed on May 14, 2021.

Ans. Follow the steps to check the allotment status for POWERGRID Infrastructure Investment Trust InvIT here.