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POWERGRID Infrastructure Investment Trust InvIT (POWERGRID InvIT IPO April 2021) Detail

Apr 29, 2021 - May 3, 2021

Powergrid InvIT (Infrastructure Investment Trust) owns, construct, operate, maintain and invest in power transmission assets in India. Powergrid InvIT registered with SEBI as an InvIT on January 7, 2021.

Powergrid InvIT has been given a credit rating of Provisional [ICRA] AAA (Stable), CARE AAA (Is); Stable and Provisional CCR AAA/Stable by ICRA Limited, CARE Ratings Limited, and CRISIL Ratings Limited, respectively.

Powergrid InvIT's sponsor is Power Grid Corporation of India Limited (PGCIL). PGCIL is the largest power transmission company in India. PGCIL is engaged in project planning, designing, financing, constructing, operating, and maintaining power transmission projects across India.

Powergrid InvIT's Investment Manager, POWERGRID Unchahar Transmission Limited, a wholly-owned subsidiary of PGCIL. They are responsible for managing the InvIT, the Initial Portfolio Assets as well as undertaking investment decisions relating to its assets.

Powergrid InvIT's Trustee, IDBI Trusteeship Services Limited is SEBI registered debenture trustee. They are responsible for ensuring that its business activities and investment policies comply with the provisions of the InvIT Regulations, and monitoring the activities of our Investment Manager and the Project Manager.

POWERGRID InvIT IPO April 2021 Details

IPO Date Apr 29, 2021 to May 3, 2021
Listing Date Friday, May 14, 2021
Face Value ₹100 per share
Price ₹99 to ₹100 per share
Lot Size 1100 Shares
Issue Size[.] shares of ₹100
(aggregating up to ₹7,734.99 Cr)
Fresh Issue[.] shares of ₹100
(aggregating up to ₹4,993.48 Cr)
Offer for Sale[.] shares of ₹100
(aggregating up to ₹2,741.51 Cr)
Issue Type Book Built Issue InvIT
Listing At BSE, NSE

POWERGRID InvIT IPO April 2021 Tentative Timetable

POWERGRID InvIT IPO April 2021 opens on Apr 29, 2021, and closes on May 3, 2021. The POWERGRID InvIT IPO April 2021 bid date is from Apr 29, 2021 10.00 A.M. to May 3, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Apr 29, 2021
Closing Date May 3, 2021
Basis of Allotment May 10, 2021
Initiation of Refunds May 11, 2021
Credit of Shares to Demat May 11, 2021
Listing Date May 17, 2021

POWERGRID InvIT IPO April 2021 Lot Size

The POWERGRID InvIT IPO April 2021 lot size is 1100 shares. A retail-individual investor can apply for up to 1 lots (1100 shares or ₹110,000).

Application Lots Shares Amount
Retail (Min) 1 1100 ₹110,000
Retail (Max) 1 1100 ₹110,000

Credit Ratings

The trust have been given a credit rating of Provisional [ICRA] AAA (Stable), CARE AAA (Is); Stable and Provisional CCR AAA/Stable by ICRA Limited, CARE Ratings Limited and CRISIL Ratings Limited, respectively.

POWERGRID InvIT IPO April 2021 Review

The power sector in India is set for a booming period ahead and this being the major grid service player based on their ongoing projects is coming out with a maiden offer. Listed industry player IndiGrid has given reasonable rewards since listing. The Sponsor has good track records. Based on major concerns coupled with the disclaimer for peers comparison, investors may consider investment with a long term perspective only. Read detail review...


POWERGRID InvIT IPO April 2021 Subscription Status (Bidding Detail)

The POWERGRID InvIT IPO April 2021 is subscribed 4.83 times on May 3, 2021 5:00:00 PM. The public issue subscribed times in the retail category, 4.63 times in the QIB category, and 5.07 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB4.63
NII5.07
Total4.83

POWERGRID InvIT IPO April 2021 Prospectus

POWERGRID InvIT IPO April 2021 Rating

550
3.8
Rating:Rated 3.8 stars
Vote Here ...

POWERGRID InvIT IPO April 2021 Listing Date

Listing Date Friday, May 14, 2021
BSE Script Code 543290
NSE Symbol PGINVIT
Listing In IF Group of Securities
ISIN INE0GGX23010
IPO Price ₹100 per share
Face Value ₹100 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹100.00
₹104.00
₹102.84
₹104.97
₹102.98
NSE
₹100.00
₹104.00
₹102.75
₹104.90
₹102.99

Company Contact Information

POWERGRID Infrastructure Investment Trust
Plot No. 2,
Sector 29,
Gurgaon 122 001
Phone: +91 124 282 3177
Email: investors@pginvit.in
Website: http://www.pginvit.in/

POWERGRID InvIT IPO April 2021 Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: powergrid.invit@kfintech.com
Website: https://karisma.kfintech.com/

POWERGRID InvIT IPO April 2021 FAQs

POWERGRID InvIT IPO April 2021 is a main-board InvIT of [.] equity shares of the face value of ₹100 aggregating up to ₹7,734.99 Crores. The issue is priced at ₹99 to ₹100 per share. The minimum order quantity is 1100 Shares.

The InvIT opens on Apr 29, 2021, and closes on May 3, 2021.

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

Zerodha customers can apply online in POWERGRID InvIT IPO April 2021 using UPI as a payment gateway. Zerodha customers can apply in POWERGRID InvIT IPO April 2021 by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in POWERGRID InvIT IPO April 2021 through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'POWERGRID InvIT IPO April 2021' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The POWERGRID InvIT IPO April 2021 opens on Apr 29, 2021 and closes on May 3, 2021.

POWERGRID InvIT IPO April 2021 lot size is 1100 Shares and the minimum order quantity is .

You can apply in POWERGRID InvIT IPO April 2021 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.

The finalization of Basis of Allotment for POWERGRID InvIT IPO April 2021 will be done on May 10, 2021, and the allotted shares will be credited to your demat account by May 11, 2021. Check the POWERGRID InvIT IPO April 2021 allotment status.

The POWERGRID InvIT IPO April 2021 listing date is on Friday, May 14, 2021.
Open an Instant Account with Zerodha

POWERGRID InvIT IPO April 2021 Message Board

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313 Comments

133. hchc |   Link |May 20, 2021 6:52:11 PM
Top Contributor Top Contributor (200+ Posts, 700+ Likes)
Admin ..... plz open page for Shyam Metallics IPO

As told u all that 1 IPO MIGHT open in last week of May .... that IPO is now finalised
133.1. Dr.strange |   Link |May 20, 2021 10:09:39 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Date and price band announced ?
133.2. NforNandkishor |   Link |May 20, 2021 10:51:16 PM
IPO Mentor IPO Mentor (600+ Posts, 700+ Likes)
Date and price band should be announced soon. However this ipo got sebi approval on Monday and it should take at least 10 days to file RHP.

We may expect RHP next week in which dates should be mentioned.
132. LeKKeR |   Link |May 14, 2021 10:54:20 AM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
decent listing congrats to all allottee !!!
132.1. LeKKeR |   Link |May 20, 2021 10:05:18 AM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
today i am selling my allotted 2 lots (money needed and can''t hold all) but keeping 1 lot for long !!!

this counter performed very good, never expected more than 10% gain in a 15 days.
131. HML |   Link |May 20, 2021 6:33:44 AM
IPO Guru IPO Guru (1400+ Posts, 3300+ Likes)

🌟 The long wait is over now.

❄ This IPOs are coming in the next month of June 2021 every week.

1️⃣. Dodla Dairy🍼🥛🫖☕🍵🍶🐄
2️⃣. 7 island shipping🚢🛳⛴🛥🇮🇳
3️⃣. A rohan Finance🅰️💸💵
4️⃣. NCDEX🪙🥜🌽

131.1. LeKKeR |   Link |May 20, 2021 10:01:23 AM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
Thanks, Good updates Sir !!!


Someone from this forum will be ready to blame management as these companies are coming with IPOs when our country is struggling with covid cases.
131.2. NforNandkishor |   Link |May 21, 2021 12:18:49 AM
IPO Mentor IPO Mentor (600+ Posts, 700+ Likes)
@hml sir
Ncdex got sebi approval on 8th April 2020. It''s more than a year since it got approval. Does not it require a fresh drhp?

I am asking this because sebi approval is valid for 1 year
130. AKMP |   Link |May 14, 2021 5:11:06 PM
My dearest friend Ipo analysis
I have 3 lots
I am saying almost 100% sure it will not cross i repeat not cross 125-130 in its entire lifetime (32years)
Guarantee.

By the way did you purchase EKI
130.9. Clearsky |   Link |May 26, 2021 6:55:01 PM
@IPOANALYSiS
Let''s not get juvenile. I am glad you are making more reasonable price target now at Rs132 than your previous prediction that it will cross 300 and 200 in 3 years.

If they increase distribution to 14 while interest rates remain low, it may even cross 150, so my views are still same.
But, by the time they announce how much they will exactly distribute after 2 quarters, Indigrid would have already distributed Rs 6.20 and may be even made at least one new acquisition going by their record.
130.10. IPOANALYSIS |   Link |May 28, 2021 8:13:47 PM
Clearly urf AKMP. I am still intact of Target of 300 in 3 years. Lol. Read my note carefully 150 is target to be achieved in 1 year. Lol
By the way AKMP said it will not reach 125 in 32 years. Is that so realistic. Isn''t it Clearsky urf fake I''d of AKMP. Please comment on AKMP target plz.
129. hchc |   Link |May 19, 2021 6:07:28 PM
Top Contributor Top Contributor (200+ Posts, 700+ Likes)
R u all ready ???

IPO’s to open Very soon ... within 15 days if all goes well

129.1. hchc |   Link |May 19, 2021 7:36:26 PM
Top Contributor Top Contributor (200+ Posts, 700+ Likes)
Shyam Metallics coming
129.2. Dinesh Singh |   Link |May 19, 2021 8:13:46 PM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
Are you tracking SME IPO also.
It gives great returns like EKI
128. PowerUser |   Link |May 19, 2021 10:52:35 AM
Top Contributor Top Contributor (200+ Posts)
I believe its still attractive at this price, 110.43 means 9.96 % yield assuming 11% issue price yield.
127. KDKing🤴 |   Link |May 18, 2021 7:10:46 PM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
@HCHC sir,
Please post if any IPO is coming in this month,

You are only our trustworthy source 🙏
127.2. KDKing🤴 |   Link |May 18, 2021 9:38:56 PM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
👍🙏
🤞
127.3. Dinesh Singh |   Link |May 18, 2021 10:25:38 PM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
This called the master stroke. 🙌
126. Dinesh Singh |   Link |May 16, 2021 2:28:34 PM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
Any new IPO in May or June ?
Please don''t post only DRHP File info.
These information are for no use.
126.1. KDKing🤴 |   Link |May 18, 2021 7:18:47 PM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
Yes DRHP info and who filed DRHP How many times is no use for us...who should cares is only SEBI...becs they have to work on approval...
This summer is actually dry season for IPOs...hope JUNE will be better...
125. KDKing🤴 |   Link |May 18, 2021 7:08:02 PM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
People posting only DRHP filed approved news from sources which all are know...

Post something which we don''t know like about ipo coming or not in this month...


People want to know ipo coming or not ...many companies filed DRHP and forget...who cares about this..
124. sonal patel |   Link |May 18, 2021 6:32:52 PM
IPO Guru IPO Guru (1400+ Posts, 5500+ Likes)
Kolkata-based Shyam Metalics and Energy received markets regulator Sebi''s nod to float initial public offer. The company is planning an IPO of Rs 1107 crore which comprises a fresh issuance of equity shares aggregating up to Rs. 657 crore and an offer for sale by promoters aggregating up to Rs. 450 crores
123. sonal patel |   Link |May 15, 2021 12:33:06 AM
IPO Guru IPO Guru (1400+ Posts, 5500+ Likes)
Penna Cement Industries Ltd on Friday filed a draft red herring prospectus (DRHP) with Securities and Exchange Board of India (Sebi) to raise nearly Rs 1,550 crore through an initial public offering (IPO).

The IPO comprises a fresh issue of Rs 1,300 crore and an offer for sale of up to Rs 250 crore by its promoter PR Cement Holdings Ltd. Currently, PR Cement Holdings hold 33.41% stake in the company
123.1. sonal patel |   Link |May 17, 2021 10:36:39 PM
IPO Guru IPO Guru (1400+ Posts, 5500+ Likes)
In its second attempt to go public, Penna Cement Industries Ltd. has sought the market regulator’s approval to launch its Rs 1,550-crore initial public offering.

The south- and west-focussed cement maker aims to raise Rs 1,300 crore via fresh issue of equity shares and the balance Rs 250 crore through an offer-for-sale by its promoter PR Cement Holdings, according to its draft red herring prospectus. The company in November 2018 had first filed draft papers for an IPO
122. sonal patel |   Link |May 17, 2021 7:12:28 PM
IPO Guru IPO Guru (1400+ Posts, 5500+ Likes)
Food and beverages marjor Devyani International Ltd (DIL), the largest franchisee of Pizza Hut, KFC, and Costa Coffee filed a draft red herring prospectus (DRHP) with Securities and Exchange Board of India (Sebi) to raise nearly Rs 1,400 crore through an initial public offering (IPO)
121. Dheeraj Luthra |   Link |May 17, 2021 6:48:42 PM
Hi,
What should be the best price to buy Welspun India Ltd.?
120. Vipul M Shah |   Link |May 16, 2021 7:06:18 PM
Top Contributor Top Contributor (200+ Posts)
Is it advisable to buy at current level for short term perspective ?
120.1. RAJESHWAR |   Link |May 16, 2021 9:33:31 PM
I don''t think one should invest for short term perspective, in fact in short term it may fall & may go below its offer price.....!
120.2. Dinesh Singh |   Link |May 17, 2021 4:10:49 PM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
Don''t comment if you don''t have any idea about the stock. Look the price today.
119. sonal patel |   Link |May 17, 2021 12:19:12 PM
IPO Guru IPO Guru (1400+ Posts, 5500+ Likes)
Bulk drugs firm Supriya Lifescience Ltd has filed a draft red herring prospectus (DHRP) with Securities and Exchange Board of India (Sebi) to raise Rs 1,200 crore via an initial public offering (IPO).

The IPO consists a fresh issue of Rs 200 crore and an offer for sale of up to Rs 1,000 crore by promoter Satish Waman Wagh. ICICI Securities and Axis Capital are the lead managers to the issue
118. KING VINOD |   Link |May 16, 2021 12:16:41 PM
IPO Guru IPO Guru (1700+ Posts, 3400+ Likes)
KRSNAA DIAGNOSTICS LIMITED it''s pune based company filed draft papers with SEBI to raise Rs 1200 Cr
FV : Rs 5
Fresh : Rs 400 Cr
OFS : 9,416,377 Shares
Retail Quota : 10%

SUPRIYA LIFE SCIENCE LIMITED
It''s Mumbai based Company filed draft papers with SEBI to raise Rs 1200 Cr
FV : Rs 2
Fresh : Rs 200 Cr
OFS : Rs 1000 Cr
Retail Quota : 10%
118.1. Deepakkumar |   Link |May 16, 2021 1:40:24 PM
Top Contributor Top Contributor (200+ Posts)
Both loss making company?
117. KING VINOD |   Link |May 16, 2021 12:11:13 PM
IPO Guru IPO Guru (1700+ Posts, 3400+ Likes)
*Car Trade Tech files DRHP for the IPO*

Issue Size : 1,23,54,811 shares (Expected IPO Size approx 2,000 crore)

Retail Portion : 10% of the Issue Size

*The company is a professionally managed company and does not have an identifiable promoter — Now that’s a first*
116. LeKKeR |   Link |May 16, 2021 10:54:29 AM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
Devyani International, the largest franchisee operator of global restaurant chains Pizza Hut, KFC and Costa Coffee, has filed for an initial public offering to raise close to Rs 1,400 crore
115. AKMP |   Link |May 15, 2021 10:29:18 AM
PERFECT ADVICE
115.1. AKMP |   Link |May 15, 2021 12:13:10 PM
Clearsky
114. IPOANALYSIS |   Link |May 14, 2021 7:11:18 PM
A few stupid comments from people like. AKMP and his fake IDs . He. Recommends. Fraud companies which vanish after few. Years check his comments on fake company like CMM infra,mahip Ind and many others . For strong company like powergrid INvit he is giving negative comments . Lol. Biggest fool in 32 years it won''t cross 125 please slap urself hard and give confirmation here if it does this year itself.
114.3. AKMP |   Link |May 15, 2021 12:09:28 AM
Dear clear sky
You can expect 9-10% yearly yield at current price.
Price appreciation is also upto maximum 120 rupees provided conditions mentionef by you.
In future when rate hike will happen in us interest rate in india will also rise. Bank fd rate will go up.
So there are almost nil chance of appreciation beyond 120. Hope i am wrong as i am investor ,in 3-4 years in rising interest rate scenario it can go in discount also.
Indigrid was alloted at 100 rupees and went down to 85.

So be careful and plan accordingly.
114.4. Clearsky |   Link |May 15, 2021 9:55:44 AM
@AKMP
I know it will not go to 200, I am just giving a possible condition IF and When that can happen.
Obviously, interest rates going to near Zero is unlikely in India, and their Distribution to go up to 20+ without raising additional Equity is also unlikely, so there is no chance of that going to above 150 even assuming best case scenario of interest rates remaining at current levels and PGInvit distributing 15+.
Bottom-line, for people looking for fixed quarterly payment it is just better than FD or other government bonds, plain and simple. Don''t buy it for Capital appreciation. Buy it in a family member PAN account who has no taxable income or less taxable income for full benefit.