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IndiGrid InvIT Fund IPO (IndiGrid InvIT Fund) Detail

May 17, 2017 - May 19, 2017

IndiGrid InvIT Fund is a book built issue of Rs 2,250.00 crores.

IndiGrid InvIT Fund bidding started from May 17, 2017 and ended on May 19, 2017. The shares got listed on BSE, NSE on June 6, 2017.

IndiGrid InvIT Fund price band is set at ₹98 to ₹100 per share. The minimum lot size for an application is 10205 Shares. The minimum amount of investment required by retail investors is ₹1,020,500.

Citigroup Global Markets India Private Limited, Edelweiss Financial Services Ltd and Morgan Stanley India Company Pvt Ltd are the book running lead managers of the IndiGrid InvIT Fund, while Kfin Technologies Limited is the registrar for the issue.

Refer to IndiGrid InvIT Fund DRHP for detailed information.

IndiGrid InvIT Fund Details

IPO Date May 17, 2017 to May 19, 2017
Listing Date June 6, 2017
Face Value ₹100 per share
Price Band ₹98 to ₹100 per share
Lot Size 10205 Shares
Total Issue Size225,000,000 shares
(aggregating up to ₹2,250.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

IndiGrid InvIT Fund Reservation

IndiGrid InvIT Fund offers 126,278,838 shares. 68,880,294 (54.55%) to QIB.

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered68,880,294 (54.55%)NA
Other Shares Offered57,398,544 (45.45%)NA
Total Shares Offered126,278,838 (100%)

IndiGrid InvIT Fund Lot Size

Investors can bid for a minimum of 10205 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 10205 ₹1,020,500
Retail (Max) 0 0
S-HNI (Max)
B-HNI (Min)
Lot Size Calculator

About IndiGrid InvIT Fund

Incorporated in 2016, IndiGrid InvIT Fund is an infrastructure investment trust (“InvIT”) established to own inter-state power transmission assets in India. They are focused on providing stable and sustainable distributions to their Unitholders.

Sterlite Power Grid Ventures Ltd, sponsor of IndiGrid InvIT Fund is one of the leading independent power transmission companies operating in the private sector, with extensive experience in bidding, designing, financing, constructing and maintaining power transmission projects across India.

Company's sponsor owns 11 inter-state power transmission projects with a total network of 30 power transmission lines of approximately 7,733 ckms and nine substations having 13,890 MVA of transformation capacity. Some of these projects have been fully commissioned, while others are at different stages of development. They recently won bids for two transmission projects in Brazil,

Of the 11 inter-state power transmission projects owned by the Sponsor, they will initially acquire two projects with a total network of eight power transmission lines of 1,936 ckms and two substations having 6,000 MVA of transformation capacity across four states (the “Initial Portfolio Assets”).

Objects of the Issue (IndiGrid InvIT Fund Objectives)

The object of the issue are to:

1. providing loan to BDTCL and JTCL for repayment or pre-payment of debt (including any accrued interest and any applicable penalties) of banks, financial institutions, SGL1, SGL2;
2. repayment of any other long term and short term liabilities and capital expenditure creditors.

IndiGrid InvIT Fund Review (Apply)

[Dilip Davda]  As power transmission segment is considered as the safe investment asset globally, these units will provide handsome rewards in medium to long term. Investors may consider investment in IndiGrid InvIT that has good ratings for corporate credit ratings. Read detail review...

IndiGrid InvIT Fund Subscription Status (Bidding Detail)

The IndiGrid InvIT Fund is subscribed 1.35 times on May 19, 2017 5:00:00 PM. The public issue subscribed times in the retail category, 1.14 times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

What are InvITs?

An InvIT is a new capital market product promoted by the Government to enable Infrastructure Developers to free up tied-up capital. InvITs are designed to attract low cost long term capital from FIIs, Insurance and Pension Funds and the DIIs (mutual funds, Banks) which will also benefit to other investors including HNI clients.


IndiGrid has been given the corporate credit rating of 'AAA'/Stable by Crisil, 'IrAAA”/Stable by ICRA and IND'AAA'/Stable by India Ratings.

Comparision of InvITs

Comparision of InvITs (IRB InvITs & IndiGrid InvIT)



IndiGrid InvIT

Price band

Rs. 100-102

Rs. 98-100

Issur Size

Rs. 5921 cr.

Rs. 2250 cr.


Toll Road constructions

Power Transmission

Likely yield

8 to 12%

10 to 15%

Entry Level

At a Premium

At par value


16 years

35 years

Corporate Ratings



Proportionate Allotment

75% of the issue (i.e. except retail)

75% of the issue (i.e. except retail)

Risk Factors

Inflation, Traffic Volume, Govt. policies

Load Availability, Market trends

Market perception

Bearing Risk as above

Considered as Safe asset class Globally


IRB Group

Sterlie Group

IndiGrid InvIT Fund Prospectus

IndiGrid InvIT Fund Rating

Rating:Rated 3.7 stars
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IndiGrid InvIT Fund Listing Details

Listing Date June 6, 2017
BSE Script Code 540565
ISIN INE219X23014
Final Issue Price ₹100 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

IndiGrid InvIT Fund Contact Details

IndiGrid InvIT Fund
F-1, The Mira Corporate Suites,
1 & 2, Ishwar Nagar,
Mathura Road, New Delhi 110 065
Phone: +91 11 4996 2200

IndiGrid InvIT Fund Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

IndiGrid InvIT Fund FAQs

IndiGrid InvIT Fund is a main-board IPO of 225,000,000 equity shares of the face value of ₹100 aggregating up to ₹2,250.00 Crores. The issue is priced at ₹98 to ₹100 per share. The minimum order quantity is 10205 Shares.

The IPO opens on May 17, 2017, and closes on May 19, 2017.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The IndiGrid InvIT Fund opens on May 17, 2017 and closes on May 19, 2017.

IndiGrid InvIT Fund lot size is 10205 Shares, and the minimum amount required is ₹1,020,500.

You can apply in IndiGrid InvIT Fund online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for IndiGrid InvIT Fund will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the IndiGrid InvIT Fund allotment status.

The IndiGrid InvIT Fund listing date is on June 6, 2017.
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IndiGrid InvIT Fund Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



125. VINAYERH |   Link |  Bookmark |July 21, 2017 9:36:25 AM
I allotted 01 lot out of 03 application
124. Deeep |   Link |  Bookmark |July 18, 2017 11:57:28 AM
IPO dates - 19 july to 21 july approx
IPO size - 1400 - 1500 crores approx
Price band - Rs. 152 - 155 per share
Lot - 95 shares
Total amount - Rs. 14,725
123. ShareTrader |   Link |  Bookmark |July 13, 2017 6:35:37 PM
Experts, what is your opinion about buying more of ERIS at this stage ?
What are your short term targets?
122. gundu anna |   Link |  Bookmark |July 5, 2017 7:01:44 PM (500+ Posts, 100+ Likes)
very bad for those who invested initially, many thought it is risk free but got trapped badly. high risk takers can buy now onwards
121. bhart |   Link |  Bookmark |June 19, 2017 7:12:36 PM
Hello All,

What is the GMP for CDSL? I want to sell 2 Applications in Ahmedabad.
121.1. Pokemongo |   Link |  Bookmark |June 22, 2017 5:26:49 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
120. sauravk |   Link |  Bookmark |June 19, 2017 12:41:23 PM
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Is there any issue in applying for CDSL ipo via a CDSL demat account?
119. Dr Nilay shah |   Link |  Bookmark |June 9, 2017 3:48:50 PM
Is it possible to buy this script in small amount??
119.1. BullOverBear |   Link |  Bookmark |June 16, 2017 12:35:12 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
No, the lot size 10000+ was for IPO and its half 5000+ is for normal trading.
118. pamsa |   Link |  Bookmark |June 9, 2017 7:26:32 AM
Bought 1 lac shares at 98 for one month target of 102
118.1. gundu anna |   Link |  Bookmark |June 14, 2017 9:53:35 AM (500+ Posts, 100+ Likes)
Is it virtual? Have you really calculated the cost for 1 lakh shares.?
117. Dubai ipo |   Link |  Bookmark |June 7, 2017 10:56:16 AM
tex free
116. bunty aggarwal |   Link |  Bookmark |June 7, 2017 9:16:51 AM
Income is not Tax free it will be clubbed into your yearly income and taxed accordingly to the slab under which you fall.
115. Ranga |   Link |  Bookmark |June 7, 2017 8:34:28 AM
Distributed income by the fund is taxable? Please clarify.
115.1. Ranga |   Link |  Bookmark |June 7, 2017 8:52:15 AM
I understand it is tax free.. they declare dividend on half yearly basis.
114. Dubai ipo |   Link |  Bookmark |June 6, 2017 11:14:50 AM
97.50.. price... wait
113. Pranay |   Link |  Bookmark |June 6, 2017 10:02:40 AM
Exit at 100 or wait 98 very possible today further downside is expected
112. Pranay |   Link |  Bookmark |June 6, 2017 8:49:55 AM
Last night towers of JTCL has fallen don''t not who are giving premium of 6 and seven
111. Dubai ipo |   Link |  Bookmark |June 6, 2017 8:31:09 AM
enjoy friends... indiGrid will open with premium...
110. Savani prit |   Link |  Bookmark |June 5, 2017 8:47:28 PM
If you all are remember when the primiuem is start at 6to 8
109. Savani prit |   Link |  Bookmark |June 5, 2017 8:43:17 PM
Indigrid has listing tomorrow and gmp is sharply increasing from 2-3 and now it reach 4-5 because market is close at lifetime high so enjoy the listing grains and at the end of the day they close at 108 😃😃😃😃😉
108. kirti sharma |   Link |  Bookmark |June 5, 2017 9:18:04 AM
conferm listing date 06/06/2017
108.1. Aris |   Link |  Bookmark |June 5, 2017 4:56:01 PM
108.2. Shiva Shourya |   Link |  Bookmark |June 5, 2017 6:08:37 PM
Thanks a lot Aris
107. Shiva Shourya |   Link |  Bookmark |June 3, 2017 12:53:29 PM
Pl share confirm listing date as no where it''s visible I tried lot
107.1. Aris |   Link |  Bookmark |June 5, 2017 4:57:37 PM
106. Dubai ipo |   Link |  Bookmark |June 2, 2017 9:23:36 PM