Chittorgarh.com Logo
Loading...

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.

Open an Instant Account with Zerodha

POWERGRID InvIT IPO April 2021 Details

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

POWERGRID InvIT IPO April 2021 Tentative Timetable

The POWERGRID InvIT IPO April 2021 open date is Apr 29, 2021, and the close date is May 3, 2021. The issue may list on May 17, 2021.

IPO Open Date Apr 29, 2021
IPO Close Date May 3, 2021
Basis of Allotment Date May 10, 2021
Initiation of Refunds May 11, 2021
Credit of Shares to Demat Account May 11, 2021
IPO Listing Date May 17, 2021

POWERGRID InvIT IPO April 2021 Lot Size

The POWERGRID InvIT IPO April 2021 market 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 (Cut-off)
Minimum 1 1100 ₹110,000
Maximum 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 5/3/2021 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 equity share
Face Value ₹100 per equity 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

KFintech Private 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 equity share. The minimum order quantity is 1100 Shares.

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

KFintech Private 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 1100 Shares.

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.

POWERGRID InvIT IPO April 2021 Message Board

Ranked Members  Ranked Members

Loading...

4 Comments

1. LockDownInvestor |Jun 16, 2021 8:55:17 PM
Any Idea in which month will the dividend payout will happen?
1.1. AKMP |Jun 16, 2021 11:41:06 PM
No interest/dividend for 1st six months