IndiGrid InvIT Fund IPO (IndiGrid InvIT Fund) Detail

May 17, 2017 - May 19, 2017

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:

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 Details

IPO Opening DateMay 17, 2017
IPO Closing DateMay 19, 2017
Issue TypeBook Built Issue IPO
Face Value₹100 per equity share
IPO Price₹98 to ₹100 per equity share
Market Lot10205 Shares
Min Order Quantity10205 Shares
Listing AtBSE, NSE
Issue Size225,000,000 Eq Shares of ₹100
(aggregating up to ₹2,250.00 Cr)

IndiGrid InvIT Fund Lot Size

The IndiGrid InvIT Fund market lot size is 10205 shares. A retail-individual investor can apply for up to 0 lots (0 shares or ).

ApplicationLotsSharesAmount (Cut-off)
Minimum110205₹1,020,500
Maximum00

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.

Ratings

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)

Particulars

IRB InvITs

IndiGrid InvIT

Price band

Rs. 100-102

Rs. 98-100

Issur Size

Rs. 5921 cr.

Rs. 2250 cr.

Sector

Toll Road constructions

Power Transmission

Likely yield

8 to 12%

10 to 15%

Entry Level

At a Premium

At par value

Tenure

16 years

35 years

Corporate Ratings

AAA/Stable

AAA/Stable

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

Promoter

IRB Group

Sterlie Group

IndiGrid InvIT Fund Subscription Status (Bidding Detail)

The IndiGrid InvIT Fund is subscribed 1.35x times on May 19, 2017 17:00. The public issue subscribed in the retail category, 1.14x in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

1.14x

Others

1.60x

Total

1.35x

IndiGrid InvIT Fund Prospectus

IndiGrid InvIT Fund Rating

224
3.7
Rating:Rated 3.7 stars

Vote Here ...

IndiGrid InvIT Fund Listing Date

Listing DateTuesday, June 6, 2017
BSE Script Code540565
NSE SymbolINDIGRID
Listing InIF Group of Securities
ISININE219X23014
IPO Price₹100 per equity share
Face Value₹100 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹100.00
₹100.00
₹94.00
₹100.00
₹98.45
5,026,455
NSE
₹100.00
₹99.70
₹93.70
₹99.70
₹98.64
22,677,732

IndiGrid InvIT Fund Reviews / Ratings

Company Contact Information

IndiGrid InvIT Fund
F-1, The Mira Corporate Suites,
1 & 2, Ishwar Nagar,
Mathura Road, New Delhi 110 065

Phone: +91 11 4996 2200
Email: complianceofficer@indigrid.co.in
Website: http://www.indigrid.co.in

IndiGrid InvIT Fund 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.invit@karvy.com
Website: https://karisma.kfintech.com/

IndiGrid InvIT Fund FAQs

  1. What is IndiGrid InvIT Fund?

    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 equity share. The minimum order quantity is 10205 Shares.

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

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

  2. When IndiGrid InvIT Fund will open?

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

  3. What is the lot size of IndiGrid InvIT Fund?

    IndiGrid InvIT Fund lot size is 10205 Shares and the minimum order quantity is 10205 Shares.

  4. How to apply for IndiGrid InvIT Fund?

    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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When IndiGrid InvIT Fund allotment?

    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.

  6. When is IndiGrid InvIT Fund listing date?

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

IndiGrid InvIT Fund Message Board

Ranked Members  Ranked Members

Loading...
125. VINAYERH |Jul 21, 2017 09:36
I allotted 01 lot out of 03 application
124. Deeep |Jul 18, 2017 11:57
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 |Jul 13, 2017 18:35
Experts, what is your opinion about buying more of ERIS at this stage ?
What are your short term targets?
122. gundu anna |Jul 5, 2017 19:01
IPO Mentor IPO Mentor (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 |Jun 19, 2017 19:12
Hello All,

What is the GMP for CDSL? I want to sell 2 Applications in Ahmedabad.
121.1. Pokemongo |Jun 22, 2017 17:26
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
98
120. sauravk |Jun 19, 2017 12:41
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 |Jun 9, 2017 15:48
Is it possible to buy this script in small amount??
119.1. BullOverBear |Jun 16, 2017 00:35
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 |Jun 9, 2017 07:26
Bought 1 lac shares at 98 for one month target of 102
118.1. gundu anna |Jun 14, 2017 09:53
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Is it virtual? Have you really calculated the cost for 1 lakh shares.?
117. Dubai ipo |Jun 7, 2017 10:56
tex free
116. bunty aggarwal |Jun 7, 2017 09:16
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 |Jun 7, 2017 08:34
Distributed income by the fund is taxable? Please clarify.
115.1. Ranga |Jun 7, 2017 08:52
I understand it is tax free.. they declare dividend on half yearly basis.
114. Dubai ipo |Jun 6, 2017 11:14
97.50.. price... wait
113. Pranay |Jun 6, 2017 10:02
Exit at 100 or wait 98 very possible today further downside is expected
112. Pranay |Jun 6, 2017 08:49
Last night towers of JTCL has fallen don''t not who are giving premium of 6 and seven
111. Dubai ipo |Jun 6, 2017 08:31
enjoy friends... indiGrid will open with premium...
110. Savani prit |Jun 5, 2017 20:47
If you all are remember when the primiuem is start at 6to 8
109. Savani prit |Jun 5, 2017 20:43
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 |Jun 5, 2017 09:18
conferm listing date 06/06/2017
108.1. Aris |Jun 5, 2017 16:56
https://nseindia.com/products/content/equities/equities/eq_listings_all.htm
108.2. Shiva Shourya |Jun 5, 2017 18:08
Thanks a lot Aris
107. Shiva Shourya |Jun 3, 2017 12:53
Pl share confirm listing date as no where it''s visible I tried lot
107.1. Aris |Jun 5, 2017 16:57
https://nseindia.com/products/content/equities/equities/eq_listings_all.htm
106. Dubai ipo |Jun 2, 2017 21:23
INDIGRID OPEN WITH PREMIUM .... PRICE 103-104 RS OPEN







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