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POWERGRID InvIT InvIT is a book build issue .
POWERGRID InvIT InvIT bidding started from Apr 29, 2021 and ended on May 3, 2021. The allotment for POWERGRID InvIT InvIT was finalized on May 10, 2021. The shares got listed on BSE, NSE on May 14, 2021.
POWERGRID InvIT InvIT price band is set at ₹100.00 per share . The lot size for an application is 1,100. The minimum amount of investment required by an retail is ₹1,08,900 (1100 shares). The lot size investment for sNII is 2 lots (2,200 shares), amounting to ₹2,20,000, and for bNII, it is 10 lots (11,000 shares), amounting to ₹11,00,000.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to POWERGRID InvIT InvIT RHP for detailed Information.
| IPO Date | April 29, 2021 to May 3, 2021 |
| Listing Date | May 14, 2021 |
| Face Value | ₹100 per share |
| Issue Price Band | ₹99 to ₹100 per share |
| Issue Price Final | ₹100 per share |
| Lot Size | 1,100 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Fresh Issue | [.] shares (aggregating up to ₹4,993.48 Cr) |
| Offer for Sale | [.] shares of ₹100 (aggregating up to ₹2,741.51 Cr) |
| Issue Type | Bookbuilding InvIT |
| Listing At | BSE, NSE |
POWERGRID InvIT InvIT opens on April 29, 2021, and closes on May 3, 2021.
| IPO Open Date | Thu, Apr 29, 2021 |
| IPO Close Date | Mon, May 3, 2021 |
| Tentative Allotment | Mon, May 10, 2021 |
| Initiation of Refunds | Tue, May 11, 2021 |
| Credit of Shares to Demat | Tue, May 11, 2021 |
| Tentative Listing Date | Fri, May 14, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, May 3, 2021 |
Investors can bid for a minimum of 1,100 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,100 | ₹1,10,000 |
| Retail (Max) | 1 | 1,100 | ₹1,10,000 |
| S-HNI (Min) | 2 | 2,200 | ₹2,20,000 |
| S-HNI (Max) | 9 | 9,900 | ₹9,90,000 |
| B-HNI (Min) | 10 | 11,000 | ₹11,00,000 |
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.
[Dilip Davda] The power sector in India is set for a booming period ahead and this being the major grid service player based on their ongoing projects is coming out with a maiden offer. Listed industry player IndiGrid has given reasonable rewards since listing. The Sponsor has good track records. Based on major concerns coupled with the disclaimer for peers comparison, investors may consider investment with a long term perspective only. Read detail review...
The trust have 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.
| Listing Date | May 14, 2021 |
| BSE Script Code | 543290 |
| NSE Symbol | PGINVIT |
| ISIN | INE0GGX23010 |
| Final Issue Price | ₹100 per share |
| BSE Listing Group | IF |
POWERGRID Infrastructure Investment Trust
Plot No. 2,
Sector 29,
Gurgaon, Haryana, 122001
Phone: +91 124 282 3177
Email: investors@pginvit.in
Website: http://www.pginvit.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: powergrid.invit@kfintech.com
Website: https://ipostatus.kfintech.com/
POWERGRID InvIT InvIT is a main-board InvIT of 0 equity shares of the face value of ₹100 aggregating up to ₹[.] Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1100.
The InvIT opens on April 29, 2021, and closes on May 3, 2021.
Kfin Technologies Ltd. is the registrar for the InvIT. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in POWERGRID InvIT InvIT using UPI as a payment gateway. Zerodha customers can apply in POWERGRID InvIT InvIT by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in POWERGRID InvIT InvIT through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The POWERGRID InvIT InvIT opens on April 29, 2021 and closes on May 3, 2021.
POWERGRID InvIT InvIT lot size is 1100, and the minimum amount required for application is ₹1,10,000.
You can apply in POWERGRID InvIT InvIT online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for POWERGRID InvIT InvIT will be done on Monday, May 10, 2021, and the allotted shares will be credited to your demat account by Tuesday, May 11, 2021. Check the POWERGRID InvIT InvIT allotment status.
The POWERGRID InvIT InvIT listing date is on Friday, May 14, 2021.
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