POWERGRID Infrastructure Investment Trust InvIT
MainboardListed On: May 14, 2021 at ₹ 104.0
₹ 110000 /1100 Shares
Check Allotment29 Apr, 2021
Open Date03 May, 2021
Close Date10 May, 2021
Allotment Date14 May, 2021
Listing DateIPO Issue Details
- Issue Price ₹99-100 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 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 - Listing at BSE, NSE
- List Price 104.0
- Listing Date 2021-05-14
- Lead Manager Axis Capital Limited, Edelweiss Financial Services Ltd, HSBC Securities & Capital Markets Pvt Ltd, ICICI Securities Limited
- Registrar KFintech Private Limited
IPO Details
- Retail Portion N/A%
IPO Documents
IPO Details
The IPO of is priced at ₹99-100 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Apr 29, 2021 and ends on May 3, 2021. The allotment for IPO will be finalized on May 10, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as May 14, 2021. The company shall list its equity shares on the BSE, NSE. KFintech Private Limited is the registrar of the issue.
The book-running lead manager for the IPO is/are Axis Capital Limited, Edelweiss Financial Services Ltd, HSBC Securities & Capital Markets Pvt Ltd, ICICI Securities Limited.
The IPO sets its price band at 99-100 for each share. A single application for POWERGRID Infrastructure Investment Trust InvIT must contain at least 1100 shares.
IPO Subscription Analysis And 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 |
About 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.
IPO - Issue Objectives
N/A
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. You can track the real-time subscription numbers using the links below:
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 POWERGRID Infrastructure Investment Trust InvIT price band is set between ₹99-100 per equity share.
Ans. To apply for POWERGRID Infrastructure Investment Trust InvIT, 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 POWERGRID Infrastructure Investment Trust InvIT allotment status online.
