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India Grid Trust NCD (India Grid Trust NCD April 2021) Detail

Apr 28, 2021 - Apr 30, 2021
India Grid Trust Logo

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.

India Grid Trust NCD April 2021 Detail

Issue Open Apr 28, 2021 - Apr 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

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 10%
Category 2 10%
Category 3 40%
Category 4 40%

NCD's Offered by Category

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

Coupon Rates (for Retail & HNI)

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%

Objects of the Issue

The objects of the Issue and the amount proposed to be financed from the Net Proceeds:

  1. For the purpose of onward lending to the Portfolio Assets, financing and for repayment/prepayment of interest and principal of existing borrowings of the Trust (At least 75%).
  2. General Corporate Purposes (Maximum of up to 25%).

India Grid Trust NCD April 2021 Prospectus

India Grid Trust NCD April 2021 Rating

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4.5
Rating:Rated 4.5 stars
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India Grid Trust NCD April 2021 Reviews

Company Contact Information

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/

India Grid Trust NCD April 2021 Registrar

KFintech Private 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://karisma.kfintech.com/

India Grid Trust NCD April 2021 Lead Manager(s)


7 Comments

7. NEERAJ GOYAL  May 6, 2021 9:41:28 PM
When is the listing of NCD?
7.1. LatestNews  May 10, 2021 11:36:21 AM
It has been listed but just 1 percent listing gains as of now.

IGT-8.2%-6-5-31-INVIT-NCD

(82IGT31 | 937537 | INE219X07264)

6. MrFin  May 9, 2021 8:00:15 AM
Got confirmation of allotment in email. But, dont see reflected in my Icici direct accout, can someone confirm if they are reflected in their trading account?
5. Ankur Goel  May 8, 2021 1:30:41 PM
Guys, which broker provide single margin funding account for equity and commodity accounts.
4. Mangilal Soni  May 8, 2021 12:29:54 PM
Allot ment conform nhi huwa he.
3. LatestNews  May 6, 2021 5:01:29 PM
Allotment is out. Should give decent listing gains.
2. Ou Ai  Apr 29, 2021 5:54:40 AM
Unitholder gets extra interest varying from 0.05 to 0.15 for one year subject to holding those units till the end of first year.

Also interest over Rs.5000/- on NCDs is subject to TDS like fixed deposits. NCDs from other companies don't attract TDS.

Form 15G/H accepted.
1. PowerUser  Apr 23, 2021 7:45:10 PM
Share holders gets extra interest for first year.