India Grid Trust Rights Issue (India Grid Trust Rights Issue) Detail

Apr 6, 2021 - Apr 13, 2021

India Grid Trust (IndiGrid) is India’s first listed power sector infrastructure investment trust, sponsored by the KKR Sponsor and the Sterlite Sponsor. It was established in October 2016 and is registered with SEBI under the InvIT Regulations.


IndiGrid was established to own and operate power transmission and renewable energy assets in India.

India Grid Trust Rights Issue Detail

Issue OpenApr 6, 2021 - Apr 13, 2021
Security NameIndia Grid Trust
Issue Size (Shares)11.67 Crores
Issue Size (Amount)₹1,283.65 Crores
Issue Price₹110 per share
Face Value
Minimum Lot size
Market Lot1701 per share
Listing AtBSE, NSE
Terms of PaymentThe full amount of Rs 110 per Unit shall be payable on Application.
Entitlement1 Lot for every 5 Lots held by the Eligible Unitholders on Record Date. (1 lot=1701 units)

India Grid Trust Rights Issue Issue Timetable

Bid/Offer Opens OnApr 6, 2021
Bid/Offer Closes OnApr 13, 2021
Record DateMar 30, 2021
Deemed Date of AllotmentApr 20, 2021
Renunciation of Rights EntitlementsApr 8, 2021

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 1,17,920.19 53,462.26 53,786.94
Total Revenue 12,785.94 6,739.05 4,605.00
Profit After Tax 5,057.20 1,539.14 2,103.50

Objects of the Issue:

The Net Proceeds will be utilised for :
(i) Acquisition of 26% of the issued, subscribed and paid-up equity share capital of NER (NER II Transmission Limited), either directly or indirectly from the Sterlite Sponsor;
(ii) Partial repayment of the outstanding external debt of OGPTL (Odisha Generation Phase - II Transmission Limited) and GPTL (Gurgaon Palwal Transmission Limited) and debt proposed to be availed by IndiGrid;
and
(iii) General purposes.

India Grid Trust Rights Issue Documents

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Company Contact Information

India Grid Trust
Unit No. 101, First Floor, Windsor,
Village KoleKalyan, Off CST Road, Vidyanagari Marg
Kalina, Santacruz East, Mumbai 400098

Phone: +91-7208493885
Email: complianceofficer@indigrid.co.in
Website: https://www.indigrid.co.in/

India Grid Trust Rights Issue Registrar

  1. KFintech Private Limited
       Selenium Building, Tower-B, Plot No 31 & 32,
       Financial District,Nanakramguda, Serilingampally,
       Rangareddi, Telangana India - 500 032.

    Phone: 1-800-3454001
    Email: indigrid.rights@kfintech.com
    Website: https://karisma.kfintech.com/

India Grid Trust Rights Issue Lead Manager(s)

India Grid Trust Rights Issue FAQs

  1. When is India Grid Trust Rights Issue coming?

    The India Grid Trust Rights Issue opens on Apr 6, 2021, and closes on Apr 13, 2021.

  2. What is the schedule for India Grid Trust Rights Issue?

    India Grid Trust Rights Issue Schedule

    Last Date for credit of Rights EntitlementsApr 5, 2021
    Last Date for renunciation of Rights EntitlementsApr 8, 2021
    Issue Opening DateApr 6, 2021
    Issue Closing DateApr 13, 2021
    Date of Allotment (on or about)Apr 20, 2021
    Date of Credit (on or about)Apr 22, 2021
    Date of Listing (on or about)Apr 23, 2021
  3. What is the issue price for India Grid Trust Rights Issue?

    India Grid Trust Rights Issue price is set at ₹110 per share per equity share.

  4. In what ratio is the India Grid Trust Rights Issue offered?

    The eligible shareholders are being offered 1 Lot for every 5 Lots held by the Eligible Unitholders on Record Date. (1 lot=1701 units) (Mar 30, 2021).

  5. What is the record date for India Grid Trust Rights Issue?

    The record date for the India Grid Trust Rights Issue is Mar 30, 2021.

  6. What is the issue size of India Grid Trust Rights Issue?

    The issue size of India Grid Trust Rights Issue is of 11.67 Crores equity shares at ₹110 per share aggregating upto ₹1,283.65 Crores.

  7. Where can I get the Letter of Offer for India Grid Trust Rights Issue?

    The Letter of Offer for India Grid Trust Rights Issue can be download here.

  8. How to apply for India Grid Trust Rights Issue?

    You can apply for India Grid Trust Rights Issue in two ways:

    1. Net Banking (ASBA)
    2. Registrar's Website (R-WAP Facility)

    Steps to apply for India Grid Trust Rights Issue using Net Banking (ASBA)

    1. Log in to the net banking account of your bank.
    2. Go to the 'IPO & Rights Issue' section.
    3. Check if the India Grid Trust Rights Issue available on the list.
    4. Click the Apply button next to the India Grid Trust Rights Issue.
    5. Fill and check your information.
    6. Submit the application.

    Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

    Steps to apply for India Grid Trust Rights Issue using Registrar's website (R-WAP)

    1. Visit registrar's website
    2. Go to the 'Rights Issue' section
    3. Select India Grid Trust Rights Issue from the dropdown.
    4. Enter Demat Account Number.
    5. Fill the online application form.
    6. Validate and submit the application.

10 Comments

PowerUser
10. PowerUser  Apr 7, 2021 02:30 I Like It. | Report Abuse Reply 0
Same with SBI. Not sure whats going on!
vkuser
10.1. vkuser  Apr 10, 2021 17:59 I Like It. | Report Abuse 0
Hi, SBI is now allowing the INDIGRID rights.
PowerUser
10.2. PowerUser  Apr 10, 2021 23:42 I Like It. | Report Abuse 0
I am glad now, I thought lost opportunity. Thanks for informing @vkuser.
vkuser
9. vkuser  Apr 10, 2021 18:02 I Like It. | Report Abuse Reply 0
IndusInd Bank and SBI online banking is allowing the Indigrid rights application now.
bunty aggarwal
8. bunty aggarwal  Apr 8, 2021 08:51 I Like It. | Report Abuse Reply 0
fill the asba form and submit to nearest SCSB branch
RAHUL SHYAMSUKHA
7. RAHUL SHYAMSUKHA  Apr 7, 2021 22:38 I Like It. | Report Abuse Reply 0
How to apply? ICICI and IDFC not offering online..pls suggest
PowerUser
6. PowerUser  Apr 7, 2021 12:33 I Like It. | Report Abuse Reply 0
This is frustrating, I sent a mail to registrar too. Lets see.
bunty aggarwal
5. bunty aggarwal  Apr 7, 2021 10:56 I Like It. | Report Abuse Reply 0
I have also complained regarding this to registrar, and sebi.
bunty aggarwal
4. bunty aggarwal  Apr 7, 2021 09:03 I Like It. | Report Abuse Reply 0
Also no R wap facility for this issue
bunty aggarwal
3. bunty aggarwal  Apr 7, 2021 09:02 I Like It. | Report Abuse Reply 0
ICICI also not allowing have another family member a/c with yes bank and it is showing
amukho
2. amukho  Apr 6, 2021 14:40 I Like It. | Report Abuse Reply 0
The issue is not showing in the idbi bank where demat ac is maintained. How to apply? Please help
PowerUser
1. PowerUser  Apr 5, 2021 09:03 I Like It. | Report Abuse Reply 0
Issue close date is extended. Please update.








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