Bookbuilding InvIT | ₹7,735 Cr | Listed at BSE, NSE | Thu, Apr 29, 2021 - Mon, May 3, 2021
POWERGRID InvIT InvIT is a book build issue of ₹7,734.99 crores. The issue is a combination of fresh issue of 49.93 crore shares aggregating to ₹4,993.48 crores and offer for sale of 27.42 crore shares aggregating to ₹2,741.51 crores.
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 per share. The lot size for an application is 1,100. The minimum amount of investment required by an retail is ₹1,10,000 (1100 shares) (based on upper price). 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 Open
Thu, Apr 29, 2021
IPO Close
Mon, May 3, 2021
Final Issue Price
₹100.00 per share
Market Cap (Pre-IPO)
₹9,099.99 Cr
| IPO Date | 29 Apr to 3 May, 2021 |
| Listed on | Fri, May 14, 2021 |
| Price Band | ₹99.00 to ₹100.00 |
| Final Issue Price | ₹100.00 per share |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding InvIT |
| Listing At | BSE, NSE |
| Total Issue Size | 77,34,99,100 shares (agg. up to ₹7,735 Cr) |
| Fresh Issue | 49,93,48,300 shares (agg. up to ₹4,993 Cr) |
| Offer for Sale | 27,41,50,800 shares of ₹100 (agg. up to ₹2,742 Cr) |
| Share Holding Pre Issue | 41,06,50,900 shares |
| Share Holding Post Issue | 90,99,99,200 shares |
| BSE Script Code / NSE Symbol | 543290 / PGINVIT |
| ISIN | INE0GGX23010 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | not more than 75% of the Offer |
| NII Shares Offered | not less than 25% of the Offer |
Investors can bid for a minimum of 1,100 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The POWERGRID InvIT IPO April 2021 is subscribed 4.83 times on May 3, 2021 5:00:00 PM (Day 3). The public issue subscribed [.] times in the retail category, 4.63 times in the QIB category, and 5.07 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 4.63 | 23,20,49,400 | 1,07,43,78,800 |
| NII | 5.07 | 19,33,75,600 | 98,03,62,900 |
| Total | 4.83 | 42,54,25,000 | 2,05,47,41,700 |
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.
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹100.00 | ₹100.00 |
| Open | ₹104.00 | ₹104.00 |
| Low | ₹102.84 | ₹102.75 |
| High | ₹104.97 | ₹104.90 |
| Last Trade | ₹102.98 | ₹102.99 |
Lead Manager Reports
POWERGRID InvIT InvIT is a main-board InvIT of 77,34,99,100 equity shares of the face value of ₹100 aggregating up to ₹7,735 Crores. The issue is priced at ₹100.00 per share. The minimum order quantity is 1100.
The InvIT opens on Thu, Apr 29, 2021, and closes on Mon, 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 Thu, Apr 29, 2021 and closes on Mon, 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 Tue, May 11, 2021. Check the POWERGRID InvIT InvIT allotment status.
The POWERGRID InvIT InvIT listing date is on Fri, May 14, 2021.
