POWERGRID Infrastructure Investment Trust InvIT
Mainboard₹1,10,000 / 1100 Shares
POWERGRID Infrastructure Investment Trust InvIT IPO Details
The POWERGRID Infrastructure Investment Trust InvIT IPO price band is set between ₹99-100 per equity share, with a face value of ₹10 per share. The issue is managed by KFintech Private Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 29 Apr, 2021 and closes on 3 May, 2021. Investors can check the allotment status on 10 May, 2021, while the listing date is tentatively scheduled for 14 May, 2021.
The total issue size 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, aggregating up to . Stay tuned for the latest POWERGRID Infrastructure Investment Trust InvIT IPO review and GMP updates.
POWERGRID Infrastructure Investment Trust InvIT IPO Review, Rating & Analysis
POWERGRID Infrastructure Investment Trust InvIT IPO Review
NO REVIEWPOWERGRID Infrastructure Investment Trust InvIT IPO Rating
POWERGRID Infrastructure Investment Trust InvIT IPO Highlights
IPO Date
Apr 29, 2021 - May 3, 2021
Listing Date
14 May, 2021
Face Value
₹10 Per Equity Share
Price Band
₹99-100 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
POWERGRID Infrastructure Investment Trust InvIT IPO Lot Size
The minimum market lot for POWERGRID Infrastructure Investment Trust InvIT IPO is 1100 shares with an application amount of ₹1,10,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1100 | ₹1,10,000 |
| Retail (Max) | 1 | 1100 | ₹1,10,000 |
| S-HNI (Min) | 2 | 2200 | ₹2,20,000 |
| S-HNI (Max) | 9 | 9900 | ₹9,90,000 |
| B-HNI (Min) | 10 | 11000 | ₹11,00,000 |
POWERGRID Infrastructure Investment Trust InvIT IPO Timeline
Issue Price
₹99-100 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
KFintech Private LimitedLead Manager
Axis Capital Limited, Edelweiss Financial Services Ltd, HSBC Securities & Capital Markets Pvt Ltd, ICICI Securities LimitedIssue 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 SalePromoters & Share Holding
Promoter(s) Name
- N/A
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A | N/A |
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.
POWERGRID Infrastructure Investment Trust InvIT IPO Subscription Details
| As on | QIB | NII bNII sNII | 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 |
Frequently Asked Questions about POWERGRID Infrastructure Investment Trust InvIT IPO
When will POWERGRID Infrastructure Investment Trust InvIT IPO open for subscription?
The POWERGRID Infrastructure Investment Trust InvIT IPO opens on 29 Apr, 2021 and closes on 3 May, 2021.
What is the investors portion for POWERGRID Infrastructure Investment Trust InvIT IPO?
The investors' portion for QIB is 4.63 x, NII is 5.07, and Retail is x.
How to apply for POWERGRID Infrastructure Investment Trust InvIT IPO?
You can apply for POWERGRID Infrastructure Investment Trust InvIT IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of POWERGRID Infrastructure Investment Trust InvIT IPO?
The issue size of POWERGRID Infrastructure Investment Trust InvIT IPO is approx ₹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 crores.
What is the price band of POWERGRID Infrastructure Investment Trust InvIT IPO?
The price band for POWERGRID Infrastructure Investment Trust InvIT IPO is ₹99 to ₹100 per equity share.
What is the lot size of POWERGRID Infrastructure Investment Trust InvIT IPO?
The minimum bid (lot size) for POWERGRID Infrastructure Investment Trust InvIT IPO is N/A shares with an investment of approx ₹1,10,000 .
What is the allotment date of POWERGRID Infrastructure Investment Trust InvIT IPO?
The allotment date for POWERGRID Infrastructure Investment Trust InvIT IPO is 10 May, 2021.
What is the listing date of POWERGRID Infrastructure Investment Trust InvIT IPO?
The listing date for POWERGRID Infrastructure Investment Trust InvIT IPO is expected to be 14 May, 2021.
What is the GMP of POWERGRID Infrastructure Investment Trust InvIT IPO?
The latest Grey Market Premium (GMP) for POWERGRID Infrastructure Investment Trust InvIT IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.