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

Apr 28, 2021 - Apr 30, 2021

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 OpenApr 28, 2021 - Apr 30, 2021
Security NameIndia Grid Trust
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 100.00 Crores
Issue Size (Shelf)Rs 900.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size1 NCD
Market Lot1 NCD
Listing AtBSE, NSE
Credit RatingThis Issue have been rated ‘CRISIL AAA/Stable’ by CRISIL Ratings Limited and ‘IND AAA/Stable’ by India Ratings and Research Private Limited.
Tenor3, 5, 7 & 10 year
Series
Payment Frequency
Basis of AllotmentFirst Come First Serve Basis

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 110%
Category 210%
Category 340%
Category 440%

NCD's Offered

NCD's offered in each investor category:

Category ?NCD's Reserved
Category 1100,000
Category 2100,000
Category 3400,000
Category 4400,000
Total NCD's1,000,000

Coupon Rates

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

50
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/

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7 Comments

NEERAJ GOYAL
7. NEERAJ GOYAL  May 6, 2021 20:41
When is the listing of NCD?
LatestNews
7.1. LatestNews  May 10, 2021 10:36
It has been listed but just 1 percent listing gains as of now.

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

(82IGT31 | 937537 | INE219X07264)

MrFin
6. MrFin  May 9, 2021 07:00
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?
Ankur Goel
5. Ankur Goel  May 8, 2021 12:30
Guys, which broker provide single margin funding account for equity and commodity accounts.
Mangilal Soni
4. Mangilal Soni  May 8, 2021 11:29
Allot ment conform nhi huwa he.
LatestNews
3. LatestNews  May 6, 2021 16:01
Allotment is out. Should give decent listing gains.
Ou Ai
2. Ou Ai  Apr 29, 2021 04:54
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.
PowerUser
1. PowerUser  Apr 23, 2021 18:45
Share holders gets extra interest for first year.








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