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POWERGRID InvIT IPO April 2021 is a book built issue of Rs 7,734.99 crores. The issue is a combination of fresh issue of Rs 4,993.48 crores and offer for sale of Rs 2,741.51 crores.
POWERGRID InvIT IPO April 2021 bidding started from April 29, 2021 and ended on May 3, 2021. The allotment for POWERGRID InvIT IPO April 2021 was finalized on Monday, May 10, 2021. The shares got listed on BSE, NSE on May 14, 2021.
POWERGRID InvIT IPO April 2021 price band is set at ₹99 to ₹100 per share. The minimum lot size for an application is 1100 Shares. The minimum amount of investment required by retail investors is ₹110,000.
Axis Capital Limited, Edelweiss Financial Services Ltd, Hsbc Securities & Capital Markets Pvt Ltd and ICICI Securities Limited are the book running lead managers of the POWERGRID InvIT IPO April 2021, while Kfin Technologies Limited is the registrar for the issue.
Refer to POWERGRID InvIT IPO April 2021 RHP for detailed information.
| IPO Date | April 29, 2021 to May 3, 2021 |
| Listing Date | May 14, 2021 |
| Face Value | ₹100 per share |
| Price Band | ₹99 to ₹100 per share |
| Lot Size | 1100 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹7,734.99 Cr) |
| Fresh Issue | [.] shares (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 offers 425,425,000 shares. 232,049,400 (54.55%) to QIB, 193,375,600 (45.45%) to NII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 232,049,400 (54.55%) | NA |
| NII (HNI) Shares Offered | 193,375,600 (45.45%) | |
| Total Shares Offered | 425,425,000 (100%) |
POWERGRID InvIT IPO April 2021 opens on April 29, 2021, and closes on May 3, 2021.
| IPO Open Date | Thursday, April 29, 2021 |
| IPO Close Date | Monday, May 3, 2021 |
| Basis of Allotment | Monday, May 10, 2021 |
| Initiation of Refunds | Tuesday, May 11, 2021 |
| Credit of Shares to Demat | Tuesday, May 11, 2021 |
| Listing Date | Friday, May 14, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 3, 2021 |
Investors can bid for a minimum of 1100 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 | 1100 | ₹110,000 |
| Retail (Max) | 1 | 1100 | ₹110,000 |
| Lot Size Calculator | |||
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.
[Dilip Davda] 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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 4.63 |
| NII | 5.07 |
| Total | 4.83 |
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.
| Listing Date | May 14, 2021 |
| BSE Script Code | 543290 |
| NSE Symbol | PGINVIT |
| ISIN | INE0GGX23010 |
| Final Issue Price | ₹100 per share |
| Price Details |
|---|
| Final Issue 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 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: powergrid.invit@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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 April 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
Visit Zerodha IPO Application Process Review for more detail.
The POWERGRID InvIT IPO April 2021 opens on April 29, 2021 and closes on May 3, 2021.
POWERGRID InvIT IPO April 2021 lot size is 1100 Shares, and the minimum amount required is ₹110,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for POWERGRID InvIT IPO April 2021 will be done on Monday, May 10, 2021, and the allotted shares will be credited to your demat account by Tuesday, May 11, 2021. Check the POWERGRID InvIT IPO April 2021 allotment status.
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As told u all that 1 IPO MIGHT open in last week of May .... that IPO is now finalised