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Established in 2016, India Grid Trust is a power sector infrastructure investment trust. IndiGrid is registered as an InvIT (Infrastructure Investment Trusts) with SEBI.
IndiGrid has assets under management worth approximately Rs 142,000 million as of December 31, 2020. It owns thirteen operating projects, consisting of 38 EHV overhead power transmission lines.
The company is been given a corporate credit rating of 'CCA AAA/Stable' by CRISIL, 'IND AAA'/Stable by India Ratings and 'ICRA AAA (Stable)' by ICRA.
| Issue Open | April 28, 2021 - April 30, 2021 |
| Security Name | India Grid Trust |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | Rs 900.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 1 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | This Issue have been rated ‘CRISIL AAA/Stable’ by CRISIL Ratings Limited and ‘IND AAA/Stable’ by India Ratings and Research Private Limited. |
| Tenor | 3, 5, 7 & 10 year |
| Series | |
| Payment Frequency | |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 10% |
| Category 2 | 10% |
| Category 3 | 40% |
| Category 4 | 40% |
| Category |
NCD's Reserved |
|---|---|
| Category 1 | 100,000 |
| Category 2 | 100,000 |
| Category 3 | 400,000 |
| Category 4 | 400,000 |
| Total NCD's | 1,000,000 |
|
Series |
Frequency |
Tenure |
Coupon Rate |
Effective Yield |
|---|---|---|---|---|
|
I |
Annual |
3 Years |
6.75% |
6.74% |
|
II |
Annual |
5 Years |
7.60% |
7.60% |
|
III |
Annual |
7 Years |
7.90% |
7.89% |
|
IV |
Quarterly |
7 Years |
7.69% |
7.91% |
|
V |
Annual |
10 Years |
8.20% |
8.20% |
|
VI |
Quarterly |
10 Years |
7.97% |
8.21% |
The objects of the Issue and the amount proposed to be financed from the Net Proceeds:
The India Grid Trust NCD April 2021 was subscribed 25.02 times on April 30, 2021 5:00:00 PM. The NCD subscribed .
| Category ? | Subscription (times) |
|---|---|
| Category 4 | 10.74x |
| Category 3 | 43.82x |
| Category 2 (NII) | 22.02x |
| Category 1 (QIB) | 10.00x |
| Total | 25.02x |
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India Grid Trust
Unit No. 101, First Floor, Windsor,
Village KoleKalyan, Off CST Road, Vidyanagari Marg
Kalina, Santacruz East, Mumbai 400 098
Phone: +91 72084 93885
Email: complianceofficer@indigrid.co.in
Website: https://www.indigrid.co.in/
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: indigrid.ncdipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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